Netweb Technologies announced the inauguration of India`s flagship end-to-end high-end computing servers, storage and switch manufacturing facility. The inauguration ceremony took place today at its new facility in Faridabad, signifying a major stride forward in bolstering the Government of India`s Make in India initiative. The new facility signifies a comprehensive leap in manufacturing capabilities for cutting-edge computing systems. It encompasses the entire spectrum, from designing Printed Circuit Boards (PCBs) to surface mounting on PCBs and finally the production of complete systems, showcasing India`s prowess in creating sophisticated technology products. It also demonstrates Netweb`s steadfast commitment to fostering innovation and bolstering selfreliance in India`s technology sector. The new facility will enable Netweb to manufacture `Make in India` high-end computing systems based on the latest new generation chips from our technology partners Intel, NVIDIA and AMD. It will also enable Netweb to market its products and solutions to new industry verticals, which demands critical and high-performance computing architectures. The new facility is also very well equipped in meeting demands of the ever-evolving requirement of private cloud, AI Cloud, compute data centres and more specifically AI workloadsPowered by Capital Market - Live News

Netweb Technologies India announced that the Board of Directors of the Company at its meeting held on 1 May 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Netweb Technologies India rose 181.67% to Rs 29.66 crore in the quarter ended March 2024 as against Rs 10.53 crore during the previous quarter ended March 2023. Sales rose 115.49% to Rs 265.89 crore in the quarter ended March 2024 as against Rs 123.39 crore during the previous quarter ended March 2023.For the full year,net profit rose 61.70% to Rs 75.90 crore in the year ended March 2024 as against Rs 46.94 crore during the previous year ended March 2023. Sales rose 62.73% to Rs 724.08 crore in the year ended March 2024 as against Rs 444.97 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales265.89123.39 115 724.08444.97 63 OPM %15.2112.29 -14.1615.74 - PBDT41.5415.40 170 108.2166.63 62 PBT39.8114.17 181 101.9662.97 62 NP29.6610.53 182 75.9046.94 62 Powered by Capital Market - Live News

Netweb Technologies India will hold a meeting of the Board of Directors of the Company on 1 May 2024.Powered by Capital Market - Live News

Net profit of Netweb Technologies India rose 19.97% to Rs 26.01 crore in the quarter ended December 2023 as against Rs 21.68 crore during the previous quarter ended December 2022. Sales rose 41.91% to Rs 253.40 crore in the quarter ended December 2023 as against Rs 178.56 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales253.40178.56 42 OPM %13.5117.46 - PBDT36.9530.05 23 PBT35.1429.05 21 NP26.0121.68 20 Powered by Capital Market - Live News