Netweb Technologies saw its shares surge by 7.13% in early trading today, driven by its strong Q2 FY25 financial performance. As of 9:30 AM, the stock was trading at ₹2,872.85 on NSE.
Key Financial Highlights for Q2 FY25:
- Revenue Growth: Revenue from operations rose significantly by 73.5% year-on-year (YoY) to ₹251.06 crore, up from ₹144.98 crore in Q2 FY24.
- Net Profit: Net profit saw a remarkable 69.8% YoY growth, reaching ₹25.71 crore, compared to ₹15.14 crore in the same quarter last year.
- Total Income: The company posted total income of ₹253.11 crore, up from ₹148.00 crore in Q2 FY24.
- Profit Before Tax (PBT): PBT stood at ₹34.46 crore, an increase from ₹20.20 crore in the corresponding period last year.
- Expenses: Total expenses rose to ₹218.65 crore, up from ₹127.80 crore a year ago.
Netweb Technologies continues to solidify its market position with strong revenue growth, effective cost management, and a solid financial outlook for the rest of the fiscal year.
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Netweb Technologies