Netweb Tech Q1 Profit Surges 300% to Rs 15.4 cr
Jul 20, 2024 20:44
Netweb Technologies reported a 300% jump in net profit to Rs 15.4 crore in Q1 FY25, driven by strong growth in AI systems. Total income also surged to Rs 153.21 crore.
New Delhi, Jul 20 (PTI) IT hardware company Netweb Technologies on Saturday posted over three-fold jump in net profit to Rs 15.4 crore in the April-June quarter of 2024-25.
The company had posted a net profit of Rs 5 crore in the same period a year ago.
Total income also increased to Rs 153.21 crore during the reported quarter from Rs 60.2 crore in June 2023 quarter.
"AI systems has emerged as a pivotal growth pillar, contributing significantly to our operating revenue, with its share increasing to 14.6 per cent in the quarter gone by, marking a robust growth of 146 per cent YoY," Sanjay Lodha, Chairman and Managing Director, Netweb Technologies said.
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