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Netweb Technologies shares rise nearly 10% after strong Q1FY27 results

The stock jumped to an intraday high of ₹4,597.95 on July 31, as Q1FY27 profit after tax grew nearly 180% year over year to ₹85.32 crore.

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Netweb Technologies shares surged almost 10% in intraday trade on the BSE on July 31, opening at ₹4,281.25 versus a previous close of ₹4,197.05. The stock rose as much as 9.6% to an intraday high of ₹4,597.95, and by around 12:15 PM it was up 8.23% at ₹4,542.60, helping it look set to snap a two-day losing run. At the same time, the Sensex was up 0.20% to 78,087.

LiveMint Markets linked the move to Netweb Technologies' latest reported quarter, when it posted a nearly 180% year-on-year jump in Q1FY27 profit after tax to ₹85.32 crore. Revenue from operations grew 172% year over year to ₹819.69 crore, while operating EBITDA climbed 169% year over year to ₹120.52 crore. The company reported an operating EBITDA margin of 14.70%, down 17 bps year over year.

The quarter also showed a bigger contribution from its AI systems business, with income from AI systems up 484.2% year over year. AI systems accounted for 62.29% of operating revenue, and the company's order book stood at ₹2,506.94 crore by the end of the June quarter. LiveMint Markets also cited commentary from Sonam Srivastava, founder of Wright Research, saying the results reflected profit growing faster than revenue and that Netweb is translating AI-led demand into profitable growth.

Technical coverage in the story suggested the share is trading in a pattern of higher highs and higher lows, remaining above key short- and long-term moving averages across multiple timeframes. The piece also noted that the stock has delivered multibagger returns of over 120% over the past year, and is up over 45% year to date, based on BSE data.

Latest closeSensex 77,928.15 ▲0.3%

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