Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹7,737 Cr
verification pending
Revenue YoY
86.6%
reported change
EBITDA
₹966 Cr
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Netweb Technologies delivered a stellar Q4 FY26 with revenue of ₹7,737 crore, up 86.6% YoY, driven by a 459.6% surge in AI systems which now constitute 43.4% of revenue. PAT grew 65.7% YoY to ₹76 crore, with margins stable at ~9%. The company enters FY27 with a robust order book of ₹2,400 crore (including L1), exceeding last year's total revenue. Management guided for 35-40% revenue growth and 13-14% EBITDA margins over the next couple of years, excluding strategic orders. Key risks include potential supply chain constraints for AI components and execution delays in large strategic orders.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for 35-40% revenue CAGR over the next 2 years, excluding strategic orders.
- Operating EBITDA margin guided in the range of 13-14% for the next couple of years.
- Management indicated no major capex planned for FY27, only routine maintenance capex.
- The remaining strategic order book (₹1,600 Cr) is expected to be executed over the next three quarters.
Risks flagged
- Surging global AI demand is putting pressure on component prices and supply chains, which could impact margins if not passed through.
- Analyst noted that no large order wins or L1 announcements were made in recent quarters, raising concerns about pipeline conversion.
- Despite higher base business share, gross margins did not improve sequentially, indicating potential margin pressure from AI segment mix.
Key quotes
- We are entering the year with a very robust order book of about 2100 crores and L1 inclusive 2400 crores, which is more than the last year's revenue.
- The AI demand is really unabated. So that is definitely putting pressure on the component prices and component supply chains.
- We are guiding 13 to 14% EBITDA margin range for next couple of years and on the revenue growth we are guiding 35 to 40% growth.
Research modules