E2E Networks544783Quarterly results

Q2 FY'27 Results: Revenue ₹2,238 Mn, Up 5.1x YoY; EBITDA Margin 76.6%; PAT ₹727 Mn

E2E Networks announced its Q2 FY'27 results.

By ScoutQuest · Fri 16 Oct 2026, 3:09 PM IST · 2 min read

₹3,805 Mn

Q2 FY27₹2,238 MnH1 FY27₹3,805 Mn

Revenue: ₹2,238 Mn (Q2 FY27) and ₹3,805 Mn (H1 FY27).

Revenue: ₹2,238 Mn, up 411% YoY and 43% QoQ
EBITDA: ₹1,715 Mn; margin 76.6%
PAT: ₹727 Mn; margin 32.5%

Q2 FY'27 at a glance

Revenue: ₹2,238 Mn, up 411% year-on-year, which the company describes as 5.1x, and up 43% quarter-on-quarter
EBITDA: ₹1,715 Mn, margin 76.6% (up 141 bps QoQ and 3,553 bps YoY)
PBT: ₹971 Mn, against ₹586 Mn in Q1 FY'27 and a loss of ₹185 Mn in Q2 FY'26
PAT: ₹727 Mn, PAT margin 32.5% versus 28.0% in Q1 FY'27
Diluted EPS: ₹3.48 versus ₹2.10 in Q1 FY'27
Depreciation: ₹740 Mn, up ₹133 Mn QoQ
Month exit revenue for September 2026: ₹751 Mn

The company attributes the revenue growth to contribution from Blackwell GPUs, better utilisation and higher average realisation across the GPU fleet.

First half (April to September 2026)

Revenue: ₹3,805 Mn, up 376% from ₹799 Mn in H1 FY'26
EBITDA: ₹2,894 Mn at a 76.0% margin, described as 2.3x full-year FY'26 EBITDA
PBT: ₹1,558 Mn against a loss of ₹222 Mn in H1 FY'26
PAT: ₹1,166 Mn at a 30.6% margin, against a loss of ₹163 Mn in H1 FY'26
Depreciation: ₹1,346 Mn, up 92% YoY, reflecting the scale-up of the GPU fleet

The large contract

The update states the company signed a binding term sheet of around ₹1,000 Cr (excluding taxes) with an Indian sovereign AI company for NVIDIA Blackwell GPU cloud and allied services, valid through June 2029. Management's commentary says this gives strong revenue visibility through 2029, and that with shareholder approval for growth capital in place, the company remains focused on capacity expansion.

Platform and product updates

TIR AI/ML Platform: added VPC Connect, enabling secure private networking for GPU instances, training clusters and inference endpoints
Jarviss.ai AI Cloud: managed endpoints and model APIs, production-ready open-weight models, pay-per-token APIs for open-source models
Infrastructure upgrades: InfiniBand H200 clusters, serverless inference that scales to zero, private VPC networking, object storage and shared filesystems

People and market engagement

Anand Ganapathy (ex-IBM, Dell) joins as Chief Revenue Officer with 27+ years of enterprise sales leadership
Abhishek Shindadkar joins as Head, Founder's Office, with 21+ years in technology, research and capital markets
Vinod Kumar joins as SVP, Field CTO, with 20+ years across cloud infrastructure, HPC, storage and enterprise technology
Anandomoy Roychowdhary joins as a strategic technology investor experienced in AI and deep-tech; previously over a decade at Sequoia Capital India & Southeast Asia (now Peak XV Partners)
E2E and Jarviss.ai exhibited at Global Fintech Fest 2026 in Mumbai, presenting India-hosted GPU cloud and AI platforms to banks, insurers and fintechs

How to read this

This is a company-issued press release on unaudited Q2 FY'27 and H1 FY'27 results. It reports growth in revenue, EBITDA and profit over the prior periods, alongside a signed binding term sheet for a large GPU cloud contract. The update notes the Q2 FY'27 and H1 FY'27 financials are unaudited and subject to limited review by the statutory auditors.

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