The IT hardware business Netweb Technologies reported a more than three-fold increase in net profit to Rs 15.4 crore for the 2024–25 April–June quarter on Saturday.
In the corresponding time last year, the company reported a net profit of Rs 5 crore.
Additionally, total income rose from Rs 60.2 crore in the June 2023 quarter to Rs 153.21 crore during the reported quarter.
According to Sanjay Lodha, Chairman and Managing Director of Netweb Technologies, “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 past quarter, marking a robust growth of 146 per cent YoY.”