E2E Networks Limited reported a sharp rise in second-quarter FY27 performance, with revenue climbing 411% year-on-year to ₹2,238 Mn. The AI-First Cloud GPU Platform also saw its EBITDA margin expand to 76.6%, reflecting strong operational leverage and higher utilisation rates across its fleet.

The company announced its unaudited financial results for the quarter ended September 30, 2026, highlighting significant growth driven by the contribution from Blackwell GPUs and improved average realisation. Profit After Tax (PAT) stood at ₹727 Mn, marking a substantial improvement from the previous period. The robust top-line growth was accompanied by a sequential increase in EBITDA to ₹1,715 Mn, up 45.4% QoQ.

Financial Performance Overview

The half-year results for H1FY27 demonstrate a transformative shift in profitability. Revenue for the six months reached ₹3,805 Mn, a 376% increase compared to ₹799 Mn in H1FY26. EBITDA for the half-year stood at ₹2,894 Mn, which is already 2.3 times the full-year FY26 EBITDA figure. This surge in operating profit was supported by a massive expansion in margins, which widened by 4,036 bps YoY to reach 76.0%.

Business Highlights and Strategic Wins

A key driver of future visibility is the signing of a binding term sheet worth approximately ₹1,000 Cr (excluding taxes) with an Indian sovereign AI company. This multi-year contract, valid through June 2029, covers NVIDIA Blackwell cloud GPUs and allied services. The deal underscores the demand for high-performance compute infrastructure in India's regulated sectors.

On the product front, the TIR AI/ML Platform introduced VPC Connect to enable secure, private networking for GPU instances. This feature delivers enterprise-grade isolation suitable for regulated workloads, positioning the platform alongside global hyperscalers. Additionally, Jarvislabs.ai expanded its offerings with production-ready open-weight models and pay-per-token APIs.

Leadership and Market Expansion

E2E Networks strengthened its leadership team with three senior appointments. Anand Ganapathy joined as Chief Revenue Officer, bringing over 27 years of enterprise sales experience from IBM and Dell. Abhishek Shindadkar was appointed Head of Founder's Office, leveraging his expertise in technology and capital markets, while Vinod Kumar joined as SVP, Field CTO, with extensive background in cloud infrastructure and HPC.

The company also expanded its strategic advisory team by adding Anandamoy Roychowdhary, Managing Director at Crane Venture Partners, who previously spent over a decade at Sequoia Capital India. These moves align with the company's presence at Global Fintech Fest 2026, where it showcased its India-hosted GPU cloud platforms to banks and fintechs.

What the Numbers Show

The divergence between depreciation growth and revenue growth highlights the capital-intensive nature of the business model. Depreciation rose 92% YoY to ₹1,346 Mn in H1FY27, reflecting the rapid scale-up of the GPU fleet. However, this cost increase was more than offset by the 376% jump in revenue and the significant margin expansion. The fact that H1FY27 EBITDA (₹2,894 Mn) is already 2.3x the full-year FY26 EBITDA indicates that the new capacity additions are generating immediate and substantial returns, rather than suffering from long ramp-up periods typical in heavy infrastructure businesses.

E2E Networks Limited announced the resignation of Shrimati Ambastha from its Board of Directors effective October 12, 2026. Ambastha served as a Non-Executive Non-Independent Director, nominated by Larsen & Toubro Limited. The resignation was tendered due to other professional commitments.

In a regulatory filing to stock exchanges, the company confirmed that Larsen & Toubro has nominated Krishnan Mahesh for appointment as its Nominee Director. This proposal is intended to fill the vacancy created by Ambastha’s departure. The appointment will be considered by the Board at its ensuing meeting, subject to the recommendation of the Nomination and Remuneration Committee.

Regulatory disclosures and timeline

The company submitted the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was received by the company on October 12, 2026, with immediate effect. No financial impact or operational changes were disclosed in connection with this board restructuring.

The filing included Annexure A details required by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023. The document specified that the reason for the change was resignation due to professional commitments, and that disclosure of relationships between directors was not applicable for the cessation event.

Director transition details

Krishnan Mahesh’s appointment is pending Board approval. Once approved, the outcome will be disclosed to the stock exchanges in accordance with SEBI Listing Regulations. The company did not provide a detailed profile for Mahesh in this specific filing, as it pertained primarily to the resignation notification.