E2E Networks Q2 PAT at Rs 72.7 crore; revenue jumps 410.8% YoY
Profit before tax stood at Rs 97.1 crore in Q2 FY27, compared with a pre-tax loss of Rs 18.5 crore in Q2 FY26. On a QoQ basis, PBT increased 65.7% from Rs 58.6 crore in Q1 FY27.
EBITDA increased 852.5% YoY and 45.4% QoQ to Rs 171.5 crore. The EBITDA margin expanded to 76.6% from 41.1% a year ago and 75.2% in Q1 FY27.
Total expenses rose 102.7% YoY and 34.6% QoQ to Rs 52.3 crore. Depreciation increased 72.8% YoY and 22% QoQ to Rs 74 crore, while finance costs surged 415.6% YoY to Rs 10.3 crore. Other income increased 19.6% YoY to Rs 9.9 crore.
E2E Networks signed a binding term sheet worth approximately Rs 1,000 crore, excluding taxes, with an Indian sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services. The agreement is valid through June 2029.
The company also enhanced its TIR AI/ML platform with VPC Connect for secure private networking across GPU instances, training clusters and inference endpoints. Its Jarvislabs.ai platform offers managed endpoints and model APIs for open-source models. Infrastructure upgrades include InfiniBand H200 clusters, serverless inference, private VPC networking, object storage and shared filesystems.
E2E Networks strengthened its leadership team with appointments across revenue, the founder's office and field technology. It also expanded its strategic advisory team and showcased its India-hosted GPU cloud and AI platforms at Global Fintech Fest 2026 in Mumbai.
Management said the sovereign AI contract provides revenue visibility through 2029. The company plans to expand capacity to address rising demand for AI computing in India.
On a consolidated basis, the company generated net cash of Rs 396.49 crore from operating activities in H1 FY27, compared with Rs 122.06 crore for the full financial year ended 31 March 2026.
E2E Networks is an AI-first cloud GPU platform provider. It offers high-performance GPU cloud infrastructure for AI and machine-learning workloads through data centres in Noida and Chennai.
Shares of E2E Networks fell 1.81% to settle at Rs 698 on 16 October 2026.
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