This AI stock which deals in the business of offering products and solutions in designing, implementing, developing, and integrating computing solutions in high performance, touched a 10 percent upper circuit after the company introduced GPU-based AI Lab Infrastructure.
Share Price Movement
In Wednesday’s trading session, Netweb Technologies India Ltd (NSE:NETE) share price was up by 10 percent to the day’s high of Rs. 1,474.55. The stock reiterated from the day’s high and was trading at Rs. 1,460.15 which is 8.93 percent higher than the previous close of Rs. 1,340.50 per share.
In the past year, the stock has delivered a negative return of 3 percent and has underperformed the Nifty Index.
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What Happened
The company’s stock surged after the Netweb press release revealed launching Skylus.ai, an appliance for optimized Graphics Processing Units (GPUs) resource management across multi-vendor environments. The product helps to maximize GPU utilization for AI Workloads.
Further, the platform integrates with Tyrone Hyperscale NAS – ParllelStor ensuring high throughput and low latency for large-scale AI applications. It includes Kubyts, a workbench offering pre-tested, pre-built, simplified application deployment.
Skylus.ai supports industries like finance, pharmaceuticals, education, automotive design, or any other companies looking to use AI. It facilitates Research as a Service (ReaaS) and Innovation as a Service (IaaS) while enabling AI adoption across Industries.
Management Commentary
Commenting on the launch, the Chairman and MD of Netweb Technologies India, Sanjay Lodha said “We are thrilled to unveil Skylus.ai, a revolutionary, Make-in-India AI technology platform poised to transform AI infrastructure and GPU resource management. AI workloads are expanding rapidly, creating major challenges in resource allocation, provisioning, and management.
Businesses struggle with GPU wastage, inefficiencies, and infrastructure bottlenecks, slowing AI adoption and innovation. Skylus.ai addresses these pain points with an intelligent, scalable, and vendor-agnostic solution.
It optimizes AI workloads, reduces GPU wastage, and optimizes resource management, enabling businesses to focus on AI innovation – not infrastructure issues. More than just a tool, Skylus.ai is a catalyst for AI-driven transformation, setting new benchmarks in efficiency, innovation, and performance. To top it, these innovations are all Made in India.”
Financials
In its latest filing for the quarter ending December 2024, the company reported a 32 percent rise in revenue, reaching Rs.334 crore compared to Rs.253 crore in Q3FY24. During the same period, net profit increased by 15.38 percent to Rs.30 crore in Q3FY25, compared to Rs.26 crore in Q3FY24.
Order Book & Revenue Guidance
The current order book stands at around Rs. 360 crore and the pipeline of Rs. 3,814.9 crore. The revenue guidance for FY25 is around Rs. 1,000 crore. The medium-term revenue guidance growth is expected to be 30 to 35 percent and the EBITDA margin to be around 14 percent.
Company Profile
Netweb Technologies India is one of the leading providers of high-performance computing (HPC), AI, and cloud solutions. The company was established in 1999 and specializes in customized servers, storage, and supercomputing systems while partnering with NVIDIA (NASDAQ:NVDA) to improve its AI capabilities.
Written by – Santhosh S
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