Arthneeti

E2E Networks Q2 FY27 Share Price & Earnings Call Analysis

₹520.40-4.99% today
Market cap
₹10,698 Cr
P/E
91.19
ROE
-0.95%
Price to sales
19.58
Debt to equity
0.28
52W high / low
₹4,324 / ₹369
Sales growth (5Y)
47.40%
EBITDA margin
70.88%
Net profit margin
-6.37%
Promoter holding
39.40%
Sales (last year)
₹546 Cr

E2E Networks is an Nse-listed AI-focused hyper scale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications.[1]

Guidance scorecard · Q2 FY27 call

What E2E Networks's management guided
and where it ranks in IT - Services

#15of 37 in
IT - Services
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

20–40%
  • Deployment of 1,024+ B200 GPUs is expected within the current quarter, signaling near-term capacity growth.
  • Future expansions such as B300 GPUs and Vera Rubin are acknowledged but lack definite timelines or visibility; plans will be communicated when ready.
  • The company focuses on building technology platforms that drive adoption and long-term value rather than short-term revenue pushes.
  • Organic growth is expected through technology adoption globally, with the AI infrastructure market being very large and growing.
  • Contract renewals and new contracts, including with India AI Mission, provide a recurring revenue base but with variable terms and rates.
  • Performance is assessed retrospectively, not via forward guidance.
  • Capex deployment and GPU procurement cycles vary and depend on supply conditions.

2 more points from E2E Networks's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what E2E Networks said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The company is planning deployment of 1,024+ B200 GPUs this quarter.
  • Discussions about the next lot of B200 GPUs are still undecided.
  • Capex is subject to market conditions and timing; heavy capex at inopportune times could affect financial metrics.
  • The supply chain, especially for GPUs, is agile with lead times of 3-6 months; advance payments depend on vendors.

2 more points from E2E Networks's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what E2E Networks said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • The company has planned deployment of 1,024+ B200 GPUs expected to go live in the current quarter.
  • There is a multiyear contract worth INR 1,000 crores for existing B200 GPUs, which has been converted from pay-as-you-go.
  • Tarun Dua mentioned no decision has been made yet on the next batch of B200 GPUs or additional contracts for those.

2 more points from E2E Networks's call on the order book

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Full Q2 FY27 analysis
Full IT - Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does E2E Networks rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹1,612 Cr37.6
240%+Flat₹1,534 Cr131.2
340%+Flat₹571 Cr24.8
440%+Flat₹378 Cr26.9
540%+Flat₹84 Cr8.3
620–40%Up 2%+₹20,258 Cr42.4

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E2E Networks announcements

All announcements →

Financials of E2E Networks

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

E2E Networks

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +59.71%59.71%59.66%51.56%43.83%43.60%40.61%40.35%40.30%39.45%39.45%39.40%
FIIs +1.68%1.67%1.28%3.39%3.04%3.82%2.97%2.48%0.97%0.91%1.27%2.53%
DIIs +6.09%5.75%4.31%4.11%3.67%3.80%3.48%4.07%5.57%6.58%6.07%5.64%
Public +32.22%32.65%34.60%40.83%49.41%48.65%52.85%52.52%53.07%52.98%53.15%52.38%
Others +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%
No. of Shareholders5,9608,15314,90723,08338,37744,59850,65553,40359,05368,94686,4331,15,125

Financials of E2E Networks

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2224294148423336447096157224
Expenses +10131414161720262630383952
Operating Profit1111152731251311184058118171
OPM %52%47%52%66%66%59%40%29%41%57%61%75%77%
Other Income +010011325158551110
Interest012344222541010
Depreciation34811131819274348516174
Profit before tax97614161618-4-18-895997
Tax %33%25%37%25%25%25%23%-24%-27%-24%25%25%25%
Net Profit +66410121214-3-13-664473
EPS in Rs0.400.390.240.700.720.580.68-0.14-0.67-0.280.312.133.54

Financials of E2E Networks

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +10212936342535526694164246546
Expenses +58131823262529334767119159
Operating Profit513171811-11023334897126387
OPM %47%61%57%50%32%-4.8%29%44%50%51%59%51%71%
Other Income +0000021012393432
Interest0110000004131229
Depreciation3910109101218201660169234
Profit before tax13682-9-15133063-21157
Tax %34%33%31%29%29%0%0%-22%25%28%24%-27%
Net Profit +12462-9-16102247-16117
EPS in Rs0.100.270.530.500.12-0.65-0.090.450.681.512.38-0.765.70
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of E2E Networks

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital0.270.270.2712141414141414202121
Reserves461161910132435561,5731,6641,784
Borrowings +25200042614473159497
Other Liabilities +124444571340915484339
Total Liabilities813182138283748682552,5812,3282,641
Fixed Assets +711111011102637422103891,0361,545
CWIP00000000006365330
Investments00041800000000
Other Assets +1377919101126451,5557591,096
Total Assets813182138283748682552,5812,3282,641

Financials of E2E Networks

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +513141410-21326364388122
Cash from Investing Activity +-8-13-10-12-2411-19-19-21-144-983-429
Cash from Financing Activity +40-2-21502-2-2921,350165
Net Cash Flow002019-4512-9456-142
Free Cash Flow-4036-0-11-11517-103-37-1,140
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit104%107%95%97%115%105%115%113%113%94%94%97%

Financials of E2E Networks

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2191928910413102225
Inventory Days000000000000
Days Payable
Cash Conversion Cycle2191928910413102225
Working Capital Days-27-3934630-54-31-54-107-1,607-391
ROCE %44%54%54%9%-37%-5%15%29%25%8%-1%

Guidance history

How E2E Networks's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlanned——
Q1 FY27 call →40%+FlatPlannedPlanned—
Q4 FY26 call →40%+FlatPlannedPlanned—
Q3 FY26 call →40%+Up 2%+Planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

97out of 100

Momentum score · price trend

97 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+116.5%95%
Last 6 months+147.6%99%
Last 3 months+71.6%99%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For E2E Networks: 0.4 × 95 + 0.4 × 99 + 0.2 × 99 = 97.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What E2E Networks's management said in earlier quarters

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