E2E Networks Q2 FY'27 Revenue Soars 411% YoY to ₹2,238 Mn; Secures ₹1,000 Cr AI Contract
E2E Networks reported Q2 FY'27 revenue of ₹2,238 Mn (₹223.8 crore), up 411% YoY. EBITDA margin expanded to 76.6%, and PAT was ₹727 Mn. The company secured a ~₹1,000 Cr contract for Blackwell GPUs, providing revenue visibility through June 2029. H1 FY'27 revenue reached ₹3,805 Mn.
The substantial year-on-year revenue growth, expansion in EBITDA margins, and the securing of a large, multi-year contract worth ₹1,000 crore are material events that are expected to have a significant positive impact on the company's financial performance and market position.
The company reported significant year-on-year growth in revenue and EBITDA margin, alongside securing a substantial long-term contract, indicating strong business performance and future prospects.
E2E Networks Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2026. In Q2 FY'27, the company's revenue reached ₹2,238 million (₹223.8 crore), marking a significant 411% year-on-year increase and a 43% quarter-on-quarter growth. This surge was attributed to the contribution from Blackwell GPUs, improved utilization, and higher average realization across its GPU fleet.
The company's EBITDA margin expanded to an impressive 76.6%, with a 141 basis point increase quarter-on-quarter. Profit Before Tax (PBT) grew by 66% sequentially to ₹971 million (₹97.1 crore). Furthermore, E2E Networks secured a multi-year cloud GPU contract worth approximately ₹1,000 crore (₹10,000 million) with an Indian sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services, extending through June 2029.
For the first half of FY'27 (April–September 2026), E2E Networks reported a revenue of ₹3,805 million (₹380.5 crore), a 376% year-on-year increase. EBITDA for H1 FY'27 stood at ₹2,894 million (₹289.4 crore) with a 76.0% margin, which is 2.3 times the full-year FY'26 EBITDA. The company also reported a Profit After Tax (PAT) of ₹1,166 million (₹116.6 crore) for H1 FY'27, compared to a loss in the same period last year.
Key business highlights include the expansion of its TIR AI/ML Platform with VPC Connect for secure, private networking and enhancements to Jarvislabs.ai, its AI Cloud offering. The company also strengthened its leadership team with the appointments of Anand Ganapathy as Chief Revenue Officer, Abhishek Shindadkar as Head, Founder’s Office, and Vinod Kumar as SVP, Field CTO. Additionally, Anandamoy Roychowdhary joined as a Strategic Advisor.
Management expressed confidence, stating, "Q2 FY’27 — revenue 5.1x year-on-year to ₹2,238 Mn, EBITDA margin expanded further to 76.6%, and PAT rose to ₹727 Mn. The ~₹1,000 Cr sovereign AI contract for Blackwell GPUs gives us strong revenue visibility through 2029. With shareholder approval for growth capital in place, we remain focused on aggressive and judicious capacity expansion to meet India’s growing demand for AI compute."
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