By BullScreen Editorial Team 
E2E Networks Limited reported a sharp surge in its Q4 results 2026, with revenue growth reflecting strong demand for AI and cloud infrastructure, even as heavy investments pushed the company into a net loss.
For the quarter ended March 2026, revenue rose 186% year-on-year to ₹95.64 crore, compared to ₹33.48 crore in the same period last year. The strong performance was driven by increased deployment of GPU clusters and rising demand for AI/ML workloads, positioning the company as a key player in India’s emerging AI cloud market.
Despite the impressive top-line growth, the company reported a full-year net loss of ₹15.57 crore, compared to a profit of ₹47.49 crore in FY25. This decline was largely due to a sharp rise in depreciation expenses, which jumped 181.7% to ₹169.23 crore following the commissioning of over ₹1,185 crore worth of GPU infrastructure.
Operationally, the business remained robust. EBITDA for FY26 grew 30.6% to ₹126.30 crore, while operating margins stood at a strong 60.7% in Q4, highlighting high profitability once infrastructure becomes fully utilized. Operating cash flow also increased 38% to ₹122.06 crore, indicating solid cash generation despite accounting losses.
The company’s aggressive expansion into high-performance computing includes large-scale deployment of advanced NVIDIA GPUs such as H100, H200, and the latest Blackwell series. Its proprietary AI platform, TIR, is emerging as a major revenue contributor by enabling enterprises to build and deploy large language models.
In a move to enhance liquidity and retail participation, the board approved a 10:1 stock split, signaling confidence in long-term growth. Additionally, a recent Qualified Institutional Placement (QIP) has strengthened funding for further infrastructure expansion.
E2E Networks is increasingly positioning itself as a domestic alternative to global cloud providers, benefiting from rising demand for sovereign AI cloud solutions in India. However, risks remain, including rising finance costs and the need for continuous capital investment due to rapid technological advancements in GPUs.
Overall, the Q4 results 2026 highlight a company in a high-growth investment phase, where strong revenue momentum and cash flows are offset by front-loaded infrastructure costs, a trend closely watched by investors in the AI infrastructure space.
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
|---|---|---|---|
| Revenue | ₹95.64 Cr | ₹33.48 Cr | +186% |
| EBITDA Margin | 60.7% | — | Strong Expansion |
| QoQ Revenue Growth | — | — | +37% |
| Metric | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹245.58 Cr | ₹163.96 Cr | +49.8% |
| EBITDA | ₹126.30 Cr | ₹96.70 Cr | +30.6% |
| Net Profit / (Loss) | (₹15.57 Cr) | ₹47.49 Cr | -132.8% |
| Operating Cash Flow | ₹122.06 Cr | ₹88.47 Cr | +38.0% |
| Depreciation | ₹169.23 Cr | ₹60.08 Cr | +181.7% |
| Indicator | FY26 Value | Insight |
|---|---|---|
| Operating Profit Margin (OPM) | ~60.75% | Among highest in global cloud peers |
| Interest Coverage Ratio | 15.79x | Strong ability to service debt |
| EBITDA Margin (Q4) | 60.7% | High operational efficiency |
| Cash Flow Strength | ₹122.06 Cr | Strong cash-generating business |
Source: https://nsearchives.nseindia.com/corporate/E2E_20042026161011_IP_20042026.pdf