E2E Networks544783Quarterly results
Q2 FY27 earnings call: revenue INR2,238 million, PAT INR727 million, 70%-plus margin outlook
Transcript of the Q2 FY27 earnings call shared with the exchanges.
By ScoutQuest · · 2 min read
INR3,805 million
Q2 FY27INR2,238 millionH1 FY27INR3,805 million
- Revenue
- INR2,238 million, up 411% year-on-year and 43% quarter-on-quarter
- EBITDA
- INR1,715 million with margin at 76.6%
- PAT / EPS
- PAT INR727 million, PAT margin 32.5%; diluted EPS INR3.48
Quarterly financials
- Revenue: INR2,238 million, up 411% year-on-year and 43% quarter-on-quarter.
- EBITDA: INR1,715 million, up 45% quarter-on-quarter, with margin at 76.6%.
- EBITDA margin expanded by 141 basis points compared to Q1 FY27.
- Profit before tax: INR971 million versus INR586 million in Q1, a rise of 66%.
- Profit after tax: INR727 million versus INR439 million in Q1; PAT margin improved to 32.5% from 28%.
- Diluted EPS: INR3.48 versus INR2.10 in Q1.
What drove the quarter
Management attributed the performance to contribution from the Blackwell GPU, better utilisation, and higher average realisation across the GPUs.
First half FY27
- Revenue: INR3,805 million, up 376% year-on-year.
- EBITDA: INR2,894 million with a margin of 76%, which management said is 2.3 times the full year FY26 EBITDA.
- PBT: INR1,558 million compared to a loss of INR222 million in H1 FY26.
- PAT: INR1,166 million compared to a loss of INR163 million in H1 FY26.
Large contract
- Management said it signed a nearly INR1,000 crores deal with a Sovereign AI company for the Blackwell cluster, which lasts through June 2029.
- The deal is described as improving long-term revenue visibility and as a shift of already deployed capacity from a pay-as-you-go model to a longer-term commitment.
- In response to a question, management said this relates to the existing B200 capacity that got converted from pay-as-you-go to a multiyear contract.
Capacity and platform
- The next lot of B200, already announced, is expected to go live this quarter.
- The company continues to invest in its Sovereign AI platform, TIR and Jarvis, and said some part of its GPUs will be used by its own teams rather than being fully sold to end customers.
People and leadership
- The company added a Chief Revenue Officer, a Field CTO and a team to the Founder's Office during the quarter.
- Mr. Anandamoy Roychowdhary joined as a Strategic Advisor.
Guidance
- Management said it views the business as a 70% plus EBITDA margin business in the medium term and the long term.
- On monthly recurring revenue, management said it does not give guidance and prefers that investors look at what the company has delivered.
- On capex, management said it does not give speculative capex guidance and will speak when a deployment plan is firmed up.
Also from E2E Networks
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16 Oct 2026
E2E Networks releases audio recording of Q2/FY27 earnings call held October 16, 2026
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Monitoring agency report for September 2026 quarter: no deviation from objects in use of issue proceeds
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More numbers
- Q2 FY27 revenueINR2,238 million
- Q2 FY27 revenue growth year-on-year411%
- Q2 FY27 EBITDAINR1,715 million
- Q2 FY27 EBITDA margin76.6%
- Q2 FY27 profit after taxINR727 million
- Q2 FY27 diluted EPSINR3.48
- H1 FY27 revenueINR3,805 million
- Sovereign AI company Blackwell cluster dealINR1,000 crores
Source: BSE · 21 Oct 2026
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