E2E Networks Limited showcased robust financial performance in Q4 FY26, demonstrating the company's successful scaling of AI infrastructure and strong execution capabilities. The cloud infrastructure provider reported significant growth across key financial metrics, driven by increased GPU utilization and expanding customer base.

Strong Financial Performance in Q4 FY26

The company delivered exceptional quarterly results with substantial improvements across all major financial parameters:

The remarkable 186% year-on-year revenue growth reflects the company's ability to scale AI infrastructure rapidly and achieve high utilization across GPU clusters. The EBITDA margin expansion of 413 basis points sequentially demonstrates strong operating leverage and execution efficiency.

Full Year FY26 Results

For the complete financial year FY26, E2E Networks maintained its growth trajectory despite facing depreciation challenges from infrastructure investments:

The company's core business remains strongly cash positive and operationally profitable at the EBITDA level. Management emphasized that as utilization continues to ramp up, revenue will progressively outpace depreciation, improving reported profitability.

Infrastructure Expansion and Capacity Utilization

E2E Networks achieved approximately 80% capacity utilization in March across its entire infrastructure, including CPUs, GPUs, and storage. The company's monthly recurring revenue (MRR) reached INR374 million in March, reflecting strong demand momentum.

The company expects its first Blackwell B200 cluster of 1024 GPUs to go live by mid-May, with plans for deploying an additional cluster of 1024 GPUs in the coming months. Management indicated plans to deploy 2,048 B200 GPUs during the current financial year, targeting a minimum capacity of 6,000 GPUs by FY27 end.

Market Positioning and Strategic Initiatives

E2E Networks continues to strengthen its position in the AI infrastructure market through several strategic initiatives:

• Technology Stack Enhancement: The company has made significant software improvements to enhance reliability, performance, and scalability of GPU infrastructure
• Asset-Light Partnerships: Exploring various partnership models including the MOU with L&T to monetize GPU infrastructure
• Market Focus: Maintaining India-first approach while serving global customers, with international revenue contributing approximately 35-37% in Q4

Revenue Mix and Customer Segments

The company serves diverse customer segments across multiple industries including BFSI, education, and enterprise sectors. Government business, including India AI Mission, contributed 35-40% of quarterly revenue. GPU contribution to overall revenue is expected to reach 85-90% in the coming quarters as the company continues scaling its AI infrastructure.

Managing Director Tarun Dua emphasized the company's positioning in the growing AI market, noting strong demand both domestically and internationally. The management highlighted their focus on higher-value token generation and maintaining a balanced approach between short-term and long-term contracts to optimize revenue potential.

Future Outlook

E2E Networks remains optimistic about the AI infrastructure market's long-term growth prospects. The company continues exploring various financing models including equity, debt, and private credit asset-light models to rapidly expand GPU capabilities. With consistent industry benchmark performance for inference and training deployments, the company is well-positioned to capitalize on the increasing shift from CPU to GPU-based computing and from rule-driven to AI-driven software solutions.

E2E Networks Limited has announced the appointment of Mr. Alok Ohrie as Strategic Advisor, marking a significant addition to the company's leadership team. The appointment was disclosed on April 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Leadership Addition

The onboarding of Mr. Ohrie represents a strategic move by E2E Networks to strengthen its advisory capabilities. His appointment is expected to bring valuable industry insights and strategic direction to the cloud infrastructure company.

Professional Background

Mr. Alok Ohrie brings extensive experience from his distinguished career in the IT industry. He previously served as President & Managing Director of Dell Technologies India, where he led the transformation of the organization into a comprehensive end-to-end technology solutions provider in the Indian market.

His professional expertise encompasses several key areas:

• Enterprise technology solutions
• Go-to-market strategy development
• Omni-channel ecosystems
• SaaS solutions implementation
• Strategic account management

Industry Leadership Roles

Beyond his corporate experience, Mr. Ohrie has held significant positions in various industry organizations and government initiatives. He has served in senior leadership roles with NASSCOM, AMCHAM, and the Security Council of India. Additionally, he has contributed to the Government of India's innovation ecosystem as a Super Mentor for the Atal Innovation Mission.

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI listing regulations, with the information also made available on the company's investor relations website. The announcement was signed by Ronit Gaba, Company Secretary & Compliance Officer, ensuring proper regulatory adherence.