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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 Q3’FY26 - Earnings Presentation BSE: 543945 | NSE: NETWEB | Bloomberg: NETWEB:IN January 2026
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About Netweb Technologies Key Investment Highlights Growth Drivers Annexure Quarterly Key Highlights Agenda
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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 marquee technology partners such as Nvidia, AMD, Intel & Samsung Develops indigenous technologies for compute, storage and software stack to deploy High-end Computing Solutions (HCS) to meet the rising computational demands of businesses, academia, PSUs, defense and research organizations One of the select OEMs in the world for design & manufacturing AI GPU Systems & Stack under OEM partnership with NVIDIA Compliant with the Government of India’s ‘Make in India’ initiative, and distinguished as one of the few OEMs in the country to consistently receive PLI benefits under the IT Hardware Policy of the GOI Established in 1999 with manufacturing facilities located in Delhi (NCR) and 18 offices located across India 6 1 2 3 4 5 About Netweb Technologies India’s leading Indian origin, owned and controlled OEM in the space of High-end Computing Solutions (HCS) 03 600+ 7,000+ Private cloud & HCI installations Supercomputers listed 15 times in the world's top 500 supercomputers60+ Supercomputing systems installed Note 1: pib.gov.in; * Annualized Revenue from Operation: ₹ 8,049.3 Million Customers: Govt. (25.1%) vs Non-Govt. (74.9%) Op EBITDA Margin: 12.2% PAT Margin: 9.0% ROE*: 30.5% ROCE*: 41.3% Q3 FY26 FINANCIAL METRICS Business Tailwinds ►► Explosion of on-prem cloud infra across large enterprises and high data center demand in India ‘Make in India’ Policy & ‘PLI Scheme’ of the GOI ‘Make AI in India & Make AI work for India’ initiative of the GOI Increased supercomputing adoption across verticals Indigenous LLMs fueling AI demand GOI’s ₹103,000 million outlay for the IndiaAI Mission1 to establish the sovereign AI ecosystem in the country Accelerator / GPU based AI systems
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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 HCS High performance computing (Supercomputing / HPC) systems • Bespoke, and purpose-built specialized hardware designs and architecture • Cater to run complex algorithm & applications at scale Unique middleware and cluster suite Automated Cluster Management Data Centre servers Cyber secure architecture Low rack space consumption High in-built Storage Wide accelerator support • Designed to reduce the complexity of managing critical and heavy workloads. 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 Scalable to Exabytes High IOPs Storage Parallel File System Storage 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 Design & Deployment services AI, ML & deep learning as a service Unified Cloud tools Private cloud and hyperconverged infrastructure (HCI) • Private cloud and HCI offers hyper-converged capabilities i.e., combining compute, storage, and network' to build: Cloud Native Storage HCIHybrid & Multi Cloud AI Systems • AI Systems - Advance and powerful AI systems based on latest Gen GPU architectures design & manufactured in India under OEM partnership with Nvidia & AMD Generative AIML &DL Confidential GPU Computing Built-in AI Utilities
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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 Management Commentary Sanjay Lodha, CMD Netweb delivers a record-breaking quarter, achieving its highest-ever income and profit. We are pleased to announce that Netweb has delivered a record quarter, achieving its highest- ever income and profit. Quarterly revenue stood at ₹8,049.3 million, registering strong growth of 141.0% YoY and 165.0% QoQ. The Company reported an Operating EBITDA of ₹979.5 million in Q3 FY26, reflecting a strong YoY growth of 127.1%, while Profit After Tax was at ₹733.1 million, marking a robust 146.7% YoY growth. During the quarter, Netweb successfully executed a large strategic order valued at ₹4,503.9 million, reaffirming its position as India’s largest OEM in high-end computing solutions. As communicated earlier, this implementation is of national significance, aimed at strengthening India’s AI compute infrastructure. With this, the AI Systems contribution to revenue stood at 64.2% in Q3 FY26 and 47.6% in 9M FY26. We would also like to emphasize that alongside the accelerated growth in AI, our other two core segments, HPC and Private Cloud, are also witnessing strong and sustained demand. This outstanding performance reflects Netweb’s unwavering commitment to the in-house design and manufacturing of next-generation systems, fully aligned with the ‘Make in India’ initiative. It further underscores our role in strengthening India’s position as an emerging global hub for high-technology manufacturing. Netweb’s continued focus on its three strategic growth pillars: HPC, Private Cloud, and AI Systems is enabling us to capitalize on strong industry tailwinds. Supported by these core strengths, we continue to remain technology leader in the High-End Computing Systems (HCS) space. “ “
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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* Q3 FY26 8,049.3 979.5 980.7 733.1 Growth (YoY) 141.0% 127.1% 144.5% 146.7% Growth (QoQ) 165.0% 115.4% 133.3% 133.2% Margin 12.2% 12.1% 9.0% 9M FY26 14,098.6 1,882.7 1,817.0 1,352.2 Growth (YoY) 92.0% 88.7% 90.0% 90.1% Margin 13.4% 12.8% 9.5% ₹ 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 ₹ in millions *December & September 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 Mar’25 Sep’25 Dec’25 Equity Share Capital 113.3 113.3 113.3 Other Equity^ 5,178.5 5,673.1 6,410.6 Net Worth^ 5,291.8 5,786.4 6,523.9 Borrowing 12.7 74.8 35.5 Lease Liabilities 66.8 105.0 113.3 Cash and Cash Equivalent 1,700.8 2,559.6 2,049.7 Net Debt (1,621.3) (2,379.8) (1,900.8) Net Fixed Assets 561.1 580.3 578.9 Net Current Assets#^ 3,023.7 2,787.6 4,011.1 Ratios Gross Fixed Asset Turnover Ratio*1 22.3 20.3 31.6 Cash Conversion Cycle* 2^ 73 120 69 (0.31) (0.41) (0.29) Net Debt/ Equity^ Mar'25 Sep' 25 Dec' 25 23.9% 22.4% ROE*^ Mar'25 Sep' 25 Dec' 25 32.4% 30.2% ROCE*^ Mar'25 Sep' 25 Dec' 25 (1.02) (1.32) (0.76) Net Debt/ Op. EBITDA*^ Mar'25 Sep' 25 Dec' 25 41.3% 30.5%
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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 3,102 FY23 FY24 FY25 9M FY26 High performance computing (Supercomputing / HPC) systems Software and services for HCS offeringsData Centre servers AI Systems* High performance storage (HPS/Enterprise Storage) solutions 1,461 2,644 4,027 3,157 FY23 FY24 FY25 9M FY26 309 799 1,694 6,704 FY23 FY24 FY25 9M FY26 308 339 275 213 FY23 FY24 FY25 9M FY26 283 337 373 184 FY23 FY24 FY25 9M FY26 95 176 455 414 FY23 FY24 FY25 9M FY26 9MFY26 – Revenue Breakdown by offerings ₹ in Millions ₹ in Millions 22% 22% 48% 2% 1% 3% 2% Supercomputing / HPC Systems Private cloud & HCI AI Systems HPS solutions Data centre server Software & service for HCS offerings Spare & others Private cloud and hyperconverged infrastructure (HCI) *9M FY26 includes execution of Strategic Order of Value ₹4,504 mn in Q3 FY26; Note: Spare & Others include Networking Switches AI Systems Private Cloud HPC
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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^ 90.7% 69.0% 81.4% 80.5% FY23 FY24 FY25 9M'FY26 57.8% 64.5% 65.8% 79.3% 47.1% 50.3% 50.8% 64.8% FY23 FY24 FY25 9M'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 244 Repeat Customers (9MFY26) Associated for over 5.6 years using Fiscal 2016 as the base Average top 10 customer age (9M’FY26) using Fiscal 2016 as base 4.3 Yrs 9.17% Customer Accretion CAGR* 89 New clients onboarded across diverse industries in 9M’FY26 Note: *CAGR FY20 –9M’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 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. Particulars Q3 FY26 Q3 FY25 YoY(%) Q2 FY26 QoQ(%) 9M FY26 9M FY25 YoY(%) FY25 Operating Income 8,049.3 3,333.9 141.0% 3,037.2 165.0% 14,098.6 7,343.7 92.0% 11,490.2 Operating EBITDA* 979.5 431.3 127.1% 454.6 115.4% 1,882.7 997.9 88.7% 1,590.4 Operating EBITDA Mrg (%)* 12.2% 12.9% (75 bps) 15.0% (280 bps) 13.4% 13.6% (23 bps) 13.8% Other Income 66.4 15.6 326.1% 9.2 618.1% 86.1 68.9 24.9% 93.9 Finance Cost 28.9 14.7 96.6% 9.3 211.0% 48.0 29.0 65.3% 40.9 Depreciation 36.2 31.0 16.8% 34.3 5.5% 103.8 81.7 27.1% 113.4 PBT* 980.7 401.2 144.5% 420.3 133.3% 1,817.0 956.1 90.0% 1,530.0 PAT* 733.1 297.2 146.7% 314.3 133.2% 1,352.2 711.4 90.1% 1,137.5 PAT Margin (%) * 9.0% 8.9% 18 bps 10.3% (128 bps) 9.5% 9.6% (6 bps) 9.8% EPS1 (₹)* 12.94 5.27 145.4% 5.55 133.2% 23.87 12.62 89.1% 20.11
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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 Growth drivers # Pipeline excludes L1, L1 excludes Order Book, all figures are as on 31.12.25 • Introduced Skylus.ai, a unified solution to set up a GPU-based AI infrastructure on the go • Introducing unified data storage platforms for high throughput and high IOPS requirements with built in three-tier architecture • On-prem AI Sovereign cloud for demand of contemporary data & AI workloads • Container Platforms replacing Virtualization Platforms Expanding Product Portfolio • 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 Enhanced Capabilties • 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 with Enhanced Opportunities L1 # ₹ 3,316 Mn Pipeline# ₹ 42,703 Mn Organic Order Book ₹ 5,258 Mn Strategic Big- Ticket Orders ₹ 17,336 Mn Strong Topline Visibility
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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 Shareholding Pattern (December 2025) 71.00% 9.55% 3.30% 0.63% 15.52% Total Shareholding Promoter Group FIIs DII Body Corporate Others 32.93% 11.38% 2.17% 53.52% Non-Promoter Shareholding FIIs DII Body Corporate Others Key Institutional Shareholders Goldman Sachs Funds Vanguard Total International Stock Index Fund The Regents Of The University Of California iShares MSCI ETF (BlackRock) ICICI Prudential Mutual Fund Eastspring Investments India Fund Nomura Funds Pictet - Asian Equities Neurberger Berman Tata Mutual Fund Matthews Asia Funds Bank of India Mutual Fund Union Mutual Fund
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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 Note: All day’s calculation are based on Operating Income. Mar’25, Sep’25 & Dec’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. Particulars Mar’25 Sep’25 Dec’25 Receivable Days (A) 87 117 114 Inventory Days* (B) 53 72 60 Payable Days (C) 67 70 105 Cash Conversion Cycle ( A+B – C ) 73 120 69
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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 Mudit Nahata Email: ir@uirtus.inAnkit Kumar Singhal Email: ankit.singhal@netwebindia.com netwebindia.com company/netweb-technologies twitter.com/netwebtech