
Shares of Netweb Technologies India Limited witnessed a decline of 14.65% this week, closing at ₹1,845.80. This drop comes amid the company’s Q3 FY25 earnings announcement and updated business outlook.
For the October-December 2024 quarter, the company reported revenue growth of 31.8%, reaching ₹334 crore compared to ₹253.4 crore a year ago. Profit for the quarter grew by 16.56%, standing at ₹30.32 crore, driven by strong demand for artificial intelligence-related projects.
However, the stock’s performance took a hit after the company reiterated its FY25 revenue guidance of ₹1,000 crore, despite showcasing a robust order book of ₹360 crore. Investors reacted cautiously to the results, which reflected a growth trajectory but fell short of heightened market expectations.
Notably, the AI business contributed 15% to total revenue, a sharp increase from 8% a year ago, and is expected to reach 20% by the end of FY25. The company’s strategic partnership with Nvidia remains a significant growth catalyst, as highlighted by Nvidia CEO Jensen Huang’s endorsement of Netweb at the India AI Summit.
Export revenues also stood at 9% of total sales in Q3 FY25, reflecting Netweb’s international growth ambitions.
Netweb Tech India Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Jan 24 2025
|
₹1,902.70
|
₹1,845.80
|
-2.99%
|
Thu, Jan 23 2025
|
₹1,939.00
|
₹1,902.70
|
-2.12%
|
Wed, Jan 22 2025
|
₹2,153.75
|
₹1,943.85
|
-9.33%
|
Tue, Jan 21 2025
|
₹2,210.15
|
₹2,143.80
|
-2.43%
|
Mon, Jan 20 2025
|
₹2,325.00
|
₹2,197.10
|
-6.04%
|
Fri, Jan 17 2025
|
₹2,456.40
|
₹2,338.35
|
-4.71%
|
Thu, Jan 16 2025
|
₹2,469.75
|
₹2,454.00
|
|
Wed, Jan 15 2025
|
₹2,540.10
|
₹2,432.30
|
-3.42%
|
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