E2E Networks Limited has informed the Exchange about Transcript

E2E Networks reported Q1 FY26 revenue of Rs. 361 million, down 12.6% year-on-year, with EBITDA margin of 29.1% and a loss of Rs. 28 million (EPS of -1.39). The company has built GPU capacity of about 3,900 units, of which roughly 3,000 are operational and 1,024 in Chennai are awaiting go-live by end of July/early August after a technical delay that pushed deployment from the typical 4-6 weeks to 10-14 weeks. Monthly recurring revenue (MRR) recovered to Rs. 14.5 crores in June 2025 from Rs. 11.2 crores at the end of Q4 FY25, and management is targeting an exit MRR of Rs. 32-38 crores by March 2026 based on current capacity. Total ARR capacity stands at about Rs. 500 crores, current GPU utilization is 50-60%, and management aims for 75-90% by Q4 FY26. The company utilized Rs. 884 million of preferential funds in Q1 (Rs. 384 million remaining), capitalized Rs. 311 crores of CWIP, and plans to begin placing orders for Blackwell GPUs in Q3/Q4 FY26. Management guides to 65-75% EBITDA margin at exit, flagged modest margin compression on the INDIAai Mission business, and said meaningful software licensing revenue is unlikely before FY27.