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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 India’s Leading High-end Computing Solutions (HCS) Provider Q1’FY26 - Earnings Presentation BSE: 543945 | NSE: NETWEB | Bloomberg: NETWEB:IN July 2025 1
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Agenda Annexures About Netweb Technologies Quarterly Key Highlights Key Investment Highlights Growth Drivers
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Offers a full stack of product and solution suite with comprehensive capabilities in designing, developing, implementing and integrating high performance computing solutions Collaborates with various technology partners such as Intel Americas, Inc, AMD, Samsung India Electronics Private Ltd, Nvidia & Seagate India Private Ltd Develops homegrown technologies for compute, storage and software stack to deploy High-end Computing Systems (HCS) to meet the rising computational demands of businesses, academia, PSUs, defense and research organizations Compliant with the “Make in India” policy of the Government of India One of the few OEMs in India participating in IT Hardware as well as Telecom & Networking PLI Schemes. It has also received its first PLI claim under IT Hardware PLI 2.0 Scheme Established in 1999 with manufacturing facilities located in Faridabad, Haryana and 18 offices located across India 6 1 2 3 4 5 Business Tailwinds ►► ‘Make in India’ Policy & ‘PLI Scheme’ of the GOI ‘Make AI in India & Make AI work for India’ initiative of the GOI Indigenous LLMs fueling AI demand Increased supercomputing adoption across verticals Explosion of on-prem cloud infra across large enterprises and high data center demand in India About Netweb Technologies India’s leading Indian origin, owned and controlled OEM in the space of High-end Computing Solutions (HCS) 03 500+ 5000+ Private cloud & HCI installations Supercomputers listed 15 times in the world's top 500 supercomputers50+ Supercomputing systems installed Accelerator / GPU based AI systems & enterprise workstations Q1 FY26 FINANCIAL METRICS Note; 1: pib.gov.in. * June numbers are annualized Revenue from Operation: ₹ 3,012.1 Million Customers: Govt. (59.5%) vs Non-Govt. (40.5%) Op EBITDA Margin: 14.9% PAT Margin: 10.1% ROE*: 22.4% ROCE*: 30.6% GOI's approval of over ₹1,03,000 Mn for the IndiaAI Mission1 to catalyze India’s AI ecosystem
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Snapshot of Our HCS Offerings India’s leading HCS provider with fully integrated design and manufacturing capabilities Our HCS Offering ● Bespoke, and tailored with specialized hardware designs and architecture ● Cater to varied customer specifications (A) High performance computing (Supercomputing / HPC) systems (C) AI systems and enterprise workstations ● Address standalone parallel compute- intensive applications, new age LLM workloads, machine learning, deep learning, and support CF-CAD-CMD Applications. (E) Data Centre servers ● Designed to reduce the complexity of managing critical and heavy workloads. ● Servers are advanced Al powered that allow intelligent and efficient data processing and storage Cluster Management Wide accelerator/ GPU support Generative AIML & DL Simplified Cluster Deployment Low rack space consumption High energy efficiency High in-built Storage ● Private cloud and HCI offers hyper-converged capabilities i.e., combining compute, storage, and network' to build: (B) Private cloud and hyperconverged infrastructure (HCI) HCI Cloud Tools Private & Hybrid Cloud Cloud Native Storage (D) High performance storage (HPS/Enterprise Storage) solutions ● Centralized repository for business-critical information that provides data sharing, data protection across multiple computer systems Unified Storage High IOPs Storage Scalable to Exabytes Parallel File System Storage (F) Software and services for HCS offerings ● Cloud Managed Services – These are the partial or complete management and control of a client's cloud platform, including migration, maintenance, and optimization Cloud solutions 5G related services AI, ML & deep learning as a service
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Sanjay Lodha, CMD Management Commentary “We are pleased to announce that the strong growth momentum has continued into Q1 FY26, delivering another quarter of excellent performance. Our operating income grew by 101.7% year-on-year to ₹3,012.1 million, reflecting the robust demand environment and our continued focus on disciplined execution. Operating EBITDA rose by 127.2% YoY, with a margin of 14.9%. Profit after tax increased by 100.0% YoY to ₹304.8 million, with a margin of 10.1% ; further validating the strength and scalability of our business model. In the quarter gone by, we successfully executed a large AI order in the critical defence sector. We firmly believe that a country's defence strength in today’s world is not just defined by its military firepower alone, but increasingly by its technological superiority. This performance reflects our unwavering commitment to in-house design and manufacturing of next- generation systems, in alignment with the ‘Make in India’ vision, and contributing meaningfully to India’s emergence as a global hub for high-tech manufacturing. India’s rapidly evolving AI ecosystem supported by vibrant research, growing enterprise adoption, and government-led initiatives to develop indigenous large language models (LLMs) presents significant innovation opportunities. Netweb is well positioned to capitalise on this momentum with a focused approach across its three growth pillars: High Performance Computing (HPC), Private Cloud, and AI Systems. In Q1 FY26, AI continued to be a major growth driver, contributing 29.0% of operating revenue, with 300.0% YoY growth. Reinforcing our progress in this space, we launched Skylus.ai in FY25; a unified, composable GPU orchestration platform that enables rapid deployment and optimisation of AI infrastructure. Skylus.ai strengthens our capabilities in AI systems and contributes to India’s vision of becoming the AI factory of the world. Our strong order book, expanding capabilities, and ongoing investments in innovation and talent position us for sustained growth and technological leadership.”
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Key Highlights Profit and Loss Summary Operating Income Operating EBITDA* PBT* PAT* Q1 FY26 3,012.1 448.0 416.1 304.8 Growth (YoY) 101.7% 127.2% 103.9% 100.0% Growth (QoQ) (27.4)% (24.4)% (27.5)% (28.5)% Margin 14.9% 13.8% 10.1% ₹ in millions *Previous periods numbers have been changed in accordance with change in accounting policy for valuation of Raw Materials, Finished Goods and Work in Progress from First In First Out (FIFO) to moving weighted average cost method. The impact not material.
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Key Highlights (Cont.) Balance Sheet Summary 14.1% 23.9% 22.4% ROE*^ Jun' 24 Mar'25 Jun' 25 19.2% 32.4% 30.6% ROCE*^ Jun' 24 Mar'25 Jun' 25 ₹ in millions (0.08) (0.31) (0.08) Net Debt/ Equity^ Jun' 24 Mar'25 Jun' 25 (0.42) (1.02) (0.27) Net Debt/ Op. EBITDA*^ Jun' 24 Mar'25 Jun' 25 *June data are annualized. ^Previous periods numbers have been changed in accordance with change in accounting policy for valuation of Raw Materials, Finished Goods and Work in Progress from First In First Out (FIFO) to moving weighted average cost method. The impact not material. #Net Current Assets calculation excludes Short-term Borrowing, Short-term Lease Liability & Cash & Cash Equivalents as they are part of Net Debt. ; 1 Gross Fixed Asset Turnover Ratio excludes ROU, and calculated on average gross assets for the period; 2 Cash Conversion Cycle is based on Operating Income. Particulars Jun'24 Mar’25 Jun’25 Equity Share Capital 112.7 113.3 113.3 Other Equity^ 4,279.8 5,178.5 5,492.2 Net Worth^ 4,392.6 5,291.8 5,605.5 Borrowing 15.4 12.7 26.0 Lease Liabilities 74.8 66.8 115.3 Cash and Cash Equivalent 420.1 1,700.8 616.5 Net Debt (330.0) (1,621.3) (475.2) Net Fixed Assets 469.5 561.1 600.7 Net Current Assets#^ 3,536.9 3,023.7 4,456.6 Ratios Gross Fixed Asset Turnover Ratio1 13.3 22.3 20.5 Cash Conversion Cycle* 2^ 128 73 111
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Key Highlights (Cont.) Revenue breakup – HCS Offering 1,728 2,624 4,055 774 FY23 FY24 FY25 Jun'25 High performance computing (Supercomputing / HPC) systems Software and services for HCS offeringsData Centre servers AI systems and enterprise workstations High performance storage (HPS/Enterprise Storage) solutions Private cloud and hyperconverged infrastructure (HCI) 1,461 2,644 4,027 1,024 FY23 FY24 FY25 Jun'25 309 799 1,694 874 FY23 FY24 FY25 Jun'25 308 339 275 61 FY23 FY24 FY25 Jun'25 283 337 373 81 FY23 FY24 FY25 Jun'25 95 176 455 107 FY23 FY24 FY25 Jun'25 Jun’25 – Revenue Breakdown by offerings 26% 34% 29% 2% 3% 3% 1% 2% Supercomputing / HPC Systems Private cloud & HCI AI & enterprise workstations HPS solutions Data centre server Software & service for HCS offerings Network Switches Spare & others ₹ in Millions ₹ in Millions
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 985 1,392 3,102 538 FY 23 FY 24 FY25 Jun'25 2,059 2,637 3,273 515 FY 23 FY 24 FY25 Jun'25 1,095 2,880 3,343 1,126 FY 23 FY 24 FY25 Jun'25 Key Highlights (Cont.) *Other enterprises includes BFSI, entertainment and media etc. Revenue breakup – Application Industry 271 331 1,713 834 FY 23 FY 24 FY25 Jun'25 Higher Education and Research Space and Defence Other Enterprises Information Technology and Information Technology Enabled Services Jun’25 – Revenue Breakdown by application industry 17% 37%18% 28% Higher Education and Research Information Technology and Information Technology Enabled Services Other Enterprises Space and Defence ₹ in Millions₹ in Millions
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Revenue^ from Repeat Customers Customer Concentration^ 77.7% 90.7% 69.0% 81.4% 72.7% FY22 FY23 FY24 FY25 Q1'FY26 49.5% 57.8% 64.5% 65.8% 81.0% 38.4% 47.1% 50.3% 50.8% 67.9% FY22 FY23 FY24 FY25 Q1'FY26 Top10 Top 5 Note: *CAGR FY20 –FY24, ^As a % of revenue from operations excludes other operating revenue Higher education and Research Space & Defence IT & ITES Others Diverse Customer Base 137 Repeat Customers (Q1’FY26) Associated for over 5.5 years using Fiscal 2016 as the base Average top 10 customer age (Q1’FY26) using Fiscal 2016 as base 4.6 yrs 9.51% Customer Accretion CAGR* 23 New clients onboarded across diverse industries in Q1’FY26 Note: *CAGR FY20 –Q1’FY26, ^As a % of revenue from operations excludes other operating revenue ; Key Highlights (Cont.)
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 ₹ in millions 1. Diluted EPS; non-annualised Particulars Q1 FY26 Q1 FY25 YoY(%) Q4 FY25 QoQ(%) FY25 Operating Income 3,012.1 1,493.2 101.7% 4,146.5 (27.4%) 11,490.2 Operating EBITDA* 448.0 197.21 127.2% 592.6 (24.4%) 1,590.4 Operating EBITDA Mrg (%)* 14.9% 13.2% 167 bps 14.3% 58 bps 13.8% Other Income 11.1 38.9 (71.6%) 25.0 (55.8%) 93.9 Finance Cost 9.8 7.8 26.2% 11.9 (17.6%) 40.9 Depreciation 33.2 24.3 36.9% 31.8 4.6% 113.4 PBT* 416.2 204.1 103.9% 573.9 (27.5%) 1,530.0 PA T* 304.8 152.4 100.0% 426.1 (28.5%) 1,137.5 PAT Margin (%) * 10.1% 9.9% 14 bps 10.2% (13) bps 9.8% EPS1 (₹)* 5.38 2.70 99.3% 7.50 (28.3%) 20.11 Profit & Loss Summary *Previous periods numbers have been changed in accordance with change in accounting policy for valuation of Raw Materials, Finished Goods and Work in Progress from First In First Out (FIFO) to moving weighted average cost method. The impact not material.
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Track record of financial performance and consistent growth 5 Key Investment Highlights Experienced Board & Senior Management Team 6 Long standing relationship with a marquee and diverse customer base 4 Significant product development and innovation through R&D 3 India’s leading Indian origin owned and controlled OEM for HCS with integrated design and manufacturing capabilities 1 Operates in a rapidly evolving and technologically advanced industry with high entry barriers 2
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Opportunities to realize sustainable growth of the business Strong Topline Visibility Enhanced Capabilties Enhanced Opportunities Expanding Product Portfolio Introduced Skylus.ai, a unified solution to set up a GPU-based AI infrastructure on the go Forayed into developing new product lines, viz., Network Switches On-prem AI Sovereign cloud for demand of contemporary data & AI workloads Container Platforms replacing Virtualization Platforms Rising investments in Generative AI infra by Govt & Large enterprises, especially to cater to demand generated by indigenous LLMs Heavy adoption of Private Cloud across sectors Huge demand of high-end compute for booming in-bound data centers across India Foray into Europe & Middle East, plan to setup service network in 4 countries to start withOrder Book ₹ 2,299 Mn L1# ₹ 4,640 Mn Pipeline# ₹ 41,421Mn # Pipeline excludes L1, L1 excludes Order Book, all figures are as on 30.06.25 Growth drivers State of the art new manufacturing facility with latest Surface Mount Technology (SMT) commissioned in May’24 AI native appliances with built-in GPU resource abstraction using Skylus.ai Under our OEM partnership with NVIDIA, we have established a roadmap to design and develop AI GPU systems based on the world’s most advanced NVIDIA Blackwell platform. This will solidify Netweb's technological leadership in the AI domain Launched Intel Emerald Rapids & AMD Turin based ‘Make in India’ high-end computing servers
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Key Institutional Shareholders Goldman Sachs Managed Funds ICICI Prudential Mutual Fund Vanguard Total International Stock Index Fund The Regents Of The University Of California Tata Mutual Fund Nomura Funds iShares MSCI ETF (BlackRock) Eastspring Investments India Fund Bank of India Mutual Fund Nippon Life Mutual Fund 71.03% 9.54% 4.22% 0.01% 0.51% 14.69% Total Shareholding Promoter Group FIIs Mutual Funds / AIF Banks and Insurance Body Corporate Others 32.93% 14.56% 0.04%1.75% 50.71% Non-Promoter Shareholding FIIs Mutual Funds /AIF Banks & Insurance Body Corporate Others Shareholding Pattern (june 2025)
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Thank You Chief Financial Officer Investor Relations Advisor Sanjeev Sancheti Email: ir@uirtus.in Ankit Kumar Singhal Email: ankit.singhal@netwebindia.com netwebindia.com company/netweb-technologies twitter.com/netwebtech
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R=31 G=172 B=226 R=6 G=34 B=65 R=2 G=237 B=246 R=18 G=104 B=178 R=91 G=88 B=154 R=191 G=191 B=191 Quarterly Key Highlights Particulars Jun’24 Mar’25 Jun’25 Receivable Days 127 87 124 Inventory Days* 79 53 72 Payable Days (77) (67) (84) Cash Conversion Cycle 128 73 111 Note: All day’s calculation are based on Operating Income. Jun’24 and Jun’25 days are Annualized. Cash Conversion Cycle Break-up *Previous periods numbers have been changed in accordance with change in accounting policy for valuation of Raw Materials, Finished Goods and Work in Progress from First In First Out (FIFO) to moving weighted average cost method. The impact not material.