Written by Netweb Technologies India Limited reported stellar financial performance for the first quarter of FY26, with its net profit surging over 100% year-on-year (YoY) to ₹30.5 crore. The robust growth was primarily driven by soaring demand in the artificial intelligence (AI) segment.
The company’s revenue rose by a remarkable 101.7% YoY to ₹301.2 crore in Q1, reflecting sustained momentum across its product lines. Notably, the AI segment witnessed a 300% YoY growth, underpinned by the successful execution of a significant AI-related defense order.
Netweb also highlighted its strong financial position, ending the quarter with a negative net debt of ₹47.5 crore, indicating a cash surplus and sound liquidity management.
With the AI sector continuing to expand rapidly and increased institutional adoption, Netweb Technologies remains optimistic about its growth trajectory in the coming quarters.