Netweb Technologies Q4 results: Net profit up around 3-fold at Rs 29.6 cr

Domestic computer server maker Netweb Technologies posted a nearly three-fold jump in its net profit to Rs 29.6 crore in the fourth quarter ended on March 31, 2024, on account of a boom in demand for artificial intelligence-based solutions.

The company had posted a net profit of Rs 10.5 crore in the same period a year ago.

Revenue from operations of Netweb Technologies more than doubled to Rs 265.88 crore during the reported quarter from Rs 123.39 crore in the year-ago period.