NETWEB · Information Technology
Netweb Technologies India Ltd. reported revenue of ₹1,323 cr for July to September 2026, +335.2% on the year and +61.3% on the quarter. That is faster than this quarter has grown in recent years (+47.1% on average), so the year-on-year number is not just the season. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹3,722 cr, +174.9% on the four before.
Operating profit (EBITDA) was ₹197 cr, a margin of 14.9%, +9 bps on the year and +13 bps on the quarter. Over the last 8 quarters the margin has ranged from 12.2% to 15.0%, averaging 13.9%. Operating costs grew +334.7% against revenue growth of +335.2%, so more of each rupee of sales reached operating profit.
Net profit was ₹137 cr, +341.9% on the year and +61.2% on the quarter, with earnings per share of ₹22.99. Profit before other income, one-offs and tax grew 314.6%, so 27 points of the headline growth came from outside the core business. The tax rate of 25% is in line with its recent average. Profit over the last four quarters totals ₹366 cr, +173.1% on the four before.
Of the 25 companies in Information Technology that have reported Q2 FY27 so far, Netweb Technologies India Ltd. ranks 1st on revenue growth; the sector median is +14.3%. Its margin moved +9 bps on the year against a sector median of +26 bps.
On earnings per share of ₹63.31 over the last four quarters, the stock at ₹3,839.00 trades at 60.6 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Headline profit grew much faster than core profit. What made up the difference?
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹253 cr | ₹266 cr | ₹149 cr | ₹251 cr | ₹334 cr | ₹415 cr | ₹301 cr | ₹304 cr | ₹805 cr | ₹774 cr | ₹820 cr | ₹1,323 cr |
| YoY | — | — | +148% | +73% | +32% | +56% | +102% | +21% | +141% | +87% | +172% | +335% |
| EBITDA margin | 13.4% | 15.0% | 13.4% | 14.3% | 12.9% | 14.2% | 15.0% | 14.8% | 12.2% | 12.5% | 14.8% | 14.9% |
| Other income, % of PBT | 14% | 10% | 20% | 6% | 5% | 4% | 2% | 2% | 7% | 11% | 7% | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 26% | 25% | 25% | 26% | 26% | 27% | 25% | 25% | 26% | 25% | 25% |
| Net profit | ₹26.0 cr | ₹30.0 cr | ₹15.0 cr | ₹26.0 cr | ₹30.0 cr | ₹43.0 cr | ₹30.0 cr | ₹31.0 cr | ₹73.0 cr | ₹71.0 cr | ₹85.0 cr | ₹137 cr |
| YoY | — | — | +200% | +73% | +15% | +43% | +100% | +19% | +143% | +65% | +183% | +342% |
| Core profit YoY | — | — | +129% | +94% | +27% | +53% | +156% | +24% | +139% | +55% | +159% | +315% |
| EPS | ₹4.64 | ₹5.26 | ₹2.70 | ₹4.64 | ₹5.27 | ₹7.52 | ₹5.38 | ₹5.55 | ₹12.94 | ₹12.40 | ₹14.98 | ₹22.99 |
| Flags | · | · | 1 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Netweb Technologies India Ltd. reported revenue of ₹1,323 cr (+335.2% on the year) and net profit of ₹137 cr (+341.9% on the year) for July to September 2026.
Profit before other income, exceptional items and tax moved +314.6% on the year, against +341.9% for reported profit.
1 check raised a question: Headline profit grew much faster than core profit. What made up the difference?
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