E2E Networks reported a 49.78% year-on-year increase in revenue for the financial year ended March 31, 2026. The company recorded a net loss of ₹155.66 crore for FY26, a shift from the profit of ₹474.94 crore in the previous year.

The decline in profitability was driven by a significant rise in depreciation expenses as the company scaled its infrastructure. EBITDA grew by 30.63% to ₹1,262.62 crore during the period.

Financial Performance

Revenue from operations reached ₹2,455.80 crore in FY26, up from ₹1,639.61 crore in FY25. Total expenditure, excluding finance costs and depreciation, increased by 77.29% to ₹1,193.18 crore, reflecting higher resource deployment and capacity expansion.

Depreciation surged by 181.69% to ₹1,692.27 crore, primarily due to the capitalization of new technology infrastructure and GPU assets. Finance costs saw a marginal decrease of 7.40% to ₹122.41 crore.

What the Numbers Show

The divergence between operational cash generation and reported profit highlights the capital-intensive nature of the company's growth strategy. While EBITDA grew steadily, depreciation expenses consumed 134.4% of the revenue figure, leading to the net loss. This indicates that the company is prioritizing long-term capacity building over short-term bottom-line reporting.

Strategic Developments

The company expanded its live GPU fleet from approximately 3,900 units to over 5,100 units within the year. It also deployed NVIDIA's B200 clusters alongside H200 and H100 GPUs. Subsequent to the financial year end, E2E Networks listed its shares on the Bombay Stock Exchange (BSE) and incorporated a wholly owned subsidiary, Sovcloud Technologies Limited.

The Board did not recommend any dividend for FY26, opting to conserve financial resources for future growth investments. The company also raised funds through a Qualified Institutions Placement (QIP) during the year.

E2E Networks submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange and BSE on September 5, 2026. The filing outlines the company's environmental, social, and governance performance for the financial year ended March 31, 2026.

The company reported a turnover of ₹24,558.01 lakhs and a net worth of ₹1,67,600.75 lakhs. CSR provisions under Section 135 of the Companies Act, 2013 apply to the entity.

Environmental Metrics

Total energy consumption rose significantly in FY26 compared to the previous year. Non-renewable energy usage accounted for 62,359.12 GJ in FY26, up from 25,967.64 GJ in FY25. Renewable energy consumption remained at zero for both periods.

Water withdrawal decreased slightly to 1,951.70 kilolitres from 2,228.99 kilolitres in FY25. All water was sourced from third parties. Waste generation increased marginally to 9.47 metric tonnes from 9.22 metric tonnes, primarily consisting of office waste and cardboard.

Employee Data

The workforce expanded to 213 employees in FY26, up from 187 in FY25. Permanent employees numbered 207, with 175 males and 32 females. One differently abled employee was part of the permanent staff.

Turnover rates for permanent employees declined to 33.51% in FY26 from 40.87% in FY25. Female turnover dropped sharply to 43.75% from 56.00%, while male turnover fell to 31.48% from 44.36%.

Governance and Compliance

The Board of Directors includes five women, representing 50% of the total eight directors. No complaints regarding sexual harassment, discrimination, or child labour were recorded during the year. The company holds multiple certifications including ISO 9001:2015, ISO/IEC 27001:2022, and PCI DSS v4.0.1.

No fines, penalties, or regulatory actions were reported. Related-party transactions constituted a small fraction of operations, with sales to related parties at 0.92% of total sales.