Netweb Technologies' Profit Soars with AI Systems Boost

Netweb Technologies reported a notable surge in its net profit, reaching Rs 15.4 crore for the April-June quarter of 2024-25. This marked a significant increase from Rs 5 crore in the corresponding period the previous year. The company's total income also saw substantial growth, supported by AI systems' rising contribution to revenue.

IT hardware firm Netweb Technologies has reported a significant rise in net profit for the April-June 2024-25 quarter, totaling Rs 15.4 crore.

This marks a substantial jump from the Rs 5 crore net profit recorded in the same period the previous year. The company's total income also saw a considerable rise to Rs 153.21 crore, compared to Rs 60.2 crore in the June 2023 quarter.

According to Sanjay Lodha, Chairman and Managing Director of Netweb Technologies, AI systems have played a crucial role in this growth, contributing 14.6 per cent of operating revenue and demonstrating a robust year-on-year growth of 146 per cent.