E2E

E2E Networks share price & financials

Price
₹425.9
Market cap
₹10.6k Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 22 Jul 2026

E2E Networks Limited Q1 FY27

Revenue 1,568 million +334%EBITDA 1,179 million EBITDA Margin 75.2% PAT 439 million

What went well

  • Revenue surged to ₹156.8 crores, marking a 334% year-on-year and 64% quarter-on-quarter growth.
  • EBITDA reached ₹117.9 crores, with margins expanding by 1,450 basis points to 75.2% compared to Q4 FY26.
  • The company successfully brought 1,024 Blackwell GPUs online, which are now generating revenue and operating at maximal utilization.

What to watch

  • No specific numerical guidance provided for future revenue or MRR, making forward projections challenging.
  • The company has taken on a loan of ₹450 crores to fund B200 deployment, with further increases expected, impacting interest costs.
Read the full call →

What E2E Networks Limited does

E2E Networks is an Indian hyperscaler that rents out cloud infrastructure -- primarily NVIDIA Cloud GPUs alongside CPU/Linux compute, storage, containers and other IaaS/PaaS services -- to AI startups, enterprises, government bodies and educational institutions on a pay-as-you-go basis, letting them run AI/ML, HPC and web workloads without buying hardware. On top of this infrastructure it layers TIR, a proprietary AI/ML platform covering model fine-tuning, training clusters, inference, RAG and a managed vector database. It earns recurring, usage-based (monthly recurring revenue) billing as customers consume GPU and compute capacity from its own Indian data centers.

Cloud GPUs deployed
~5,050
Data centers in India
3 (Noida, Chennai, Mumbai)
GPU models supported
NVIDIA H200, H100, A100, A40, V100, T4, L40s, L4, Blackwell B200, RTX 6000 Pro
IaaS/PaaS services offered
50+
Engineering headcount
~100+ engineers
Geographic reach
Multi-region presence, serving customers across multiple countries
Founded 2009Headquarters New Delhi, India Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 9 delivered 3 missed 4 open
  • Exit Monthly Recurring Revenue (MRR) delivered said Q1 FY26 Promised: ₹32-38 crores by March 2026 Q1 FY27: Promise was achieved in Q4 FY26. No new updates.
  • EBITDA Margin Trend missed said Q1 FY25 Promised: sustain in medium and long term (from ~66%) Q1 FY27: Margin recovered strongly to 75.2%, exceeding the original target level. However, the promise to 'sustain' the trend was broken in prior quarters, so the verdict remains 'missed'.
  • Asset Turns Ratio diluted said Q1 FY25 Promised: 0.5 to 0.6 Q1 FY27: Metric not addressed, consistent with the previous quarter's reframing away from this metric. Promise remains diluted.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 336.1%, net profit up 1566.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue48 42 33 36 44 −8%70 +67%96 +191%157 +336%
EBITDA31 25 13 11 18 −42%40 +60%58 +346%118 +973%
Net profit12 12 14 -3 -13 −208%-6 −150%6 −57%44 +1567%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −81.3% 1Y

₹1.0k₹2.0k₹3.0k₹4.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 16 Jan 2026Q4 FY26 — 20 Apr 2026Q1 FY27 — 22 Jul 2026

1Y: ₹3,265 on 10 Sept 2025 → ₹610.35. High ₹3,743.5 (7 Oct 2025), low ₹302.44 (18 May 2026).

How the price took the results

close before → close after

Q1 FY27
+5.0%
22 Jul
Q4 FY26
−3.5%
20 Apr
Q3 FY26
+10.0%
16 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 54.5% a year over 3 years, FY23 to FY26. Operating margin widened to 51.6%.

Year endingFY23FY24FY25FY26
Revenue₹67 Cr₹94 Cr₹164 Cr₹246 Cr
Operating profit₹33 Cr₹47 Cr₹96 Cr₹127 Cr
Operating margin49.2%50.0%58.5%51.6%
Interest₹0 Cr₹3 Cr₹13 Cr₹13 Cr
Depreciation₹20 Cr₹17 Cr₹61 Cr₹169 Cr
Net profit₹10 Cr₹23 Cr₹48 Cr₹-16 Cr
Net margin15.4%24.5%29.3%-6.5%
ROCE29.0%25.0%8.0%-1.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹20 Cr₹21 Cr
Reserves₹13 Cr₹24 Cr₹35 Cr₹56 Cr₹1.6k Cr₹1.7k Cr
Borrowings₹4 Cr₹2 Cr₹6 Cr₹144 Cr₹160 Cr₹159 Cr
Other liabilities₹5 Cr₹7 Cr₹13 Cr₹40 Cr₹43 Cr₹484 Cr
Total liabilities₹37 Cr₹48 Cr₹68 Cr₹255 Cr₹1.8k Cr₹2.3k Cr
Fixed assets₹26 Cr₹37 Cr₹42 Cr₹210 Cr₹1.0k Cr₹1.0k Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹533 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹10 Cr₹11 Cr₹26 Cr₹45 Cr₹767 Cr₹759 Cr
Total assets₹37 Cr₹48 Cr₹68 Cr₹255 Cr₹1.8k Cr₹2.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +2.59 pp while FIIs trimmed −1.70 pp. The shareholder count grew 71% to 86,433.

Promoters
39.5%
FIIs
1.3%
DIIs
6.1%
Public
53.1%
Others
0.1%

Since Jun 2025

  • DIIs +2.59 pp
  • FIIs −1.70 pp
  • Promoters −1.16 pp

How it drifted, 12 quarters

Over this window the public went from 32.2% to 53.1% — +20.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 59.7%, FIIs 1.7%, DIIs 6.0%, Public 32.2%.Dec '23: Promoters 59.7%, FIIs 1.7%, DIIs 6.1%, Public 32.2%.Mar '24: Promoters 59.7%, FIIs 1.7%, DIIs 5.8%, Public 32.6%.Jun '24: Promoters 59.7%, FIIs 1.3%, DIIs 4.3%, Public 34.6%.Sep '24: Promoters 51.6%, FIIs 3.4%, DIIs 4.1%, Public 40.8%.Dec '24: Promoters 43.8%, FIIs 3.0%, DIIs 3.7%, Public 49.4%.Mar '25: Promoters 43.6%, FIIs 3.8%, DIIs 3.8%, Public 48.6%.Jun '25: Promoters 40.6%, FIIs 3.0%, DIIs 3.5%, Public 52.9%.Sep '25: Promoters 40.4%, FIIs 2.5%, DIIs 4.1%, Public 52.5%.Dec '25: Promoters 40.3%, FIIs 1.0%, DIIs 5.6%, Public 53.1%.Mar '26: Promoters 39.5%, FIIs 0.9%, DIIs 6.6%, Public 53.0%.Jun '26: Promoters 39.5%, FIIs 1.3%, DIIs 6.1%, Public 53.1%, Others 0.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of E2E Networks Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Tarun Dua 36.31%unchanged
Larsen & Toubro Limited 18.45%unchanged
Bandhan Small Cap Fund Mutual fund3.41%newly disclosed
Mukesh Kumar Raheja 2.07%unchanged
Shailly Dua 1.46%unchanged
Freeman Cameron Murray 1.44%unchanged
Suchinta Baweja 1.43%unchanged
Megha Raheja 0.09%unchanged
Himanshu Baweja 0.09%unchanged
Srishti Baweja 0.07%unchanged
Manju Dua 0.00%unchanged
Sayesha Dua 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse E2E Networks Limited

Guides on how to read this kind of business and the numbers that matter.