HighPositive
Announced Wed, 22 Jul · 11:34 IST

AI-focused E2E Networks shares hit 5% upper circuit as firm swings to black in Q1, revenue soars 334%

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AI summary

E2E Networks shares hit the 5 percent upper circuit after the AI-focused cloud company swung to profit in Q1 with revenue surging 334 percent year-on-year to about Rs 157 crore from Rs 36 crore. EBITDA jumped 1,023 percent to Rs 118 crore while margins expanded by 4,610 basis points to 75.2 percent. The company deployed its B200 GPU cluster on the TIR platform, scaled infrastructure to around 5,100 GPUs, and added Sovcloud Technologies as a wholly owned subsidiary; the stock is up about 125 percent over six months.