IT hardware company Netweb Technologies has reported a significant jump in net profit for the April-June 2024-25 quarter, clocking in at Rs 15.4 crore.

This marks a substantial jump from the net profit of Rs 5 crore registered in the same period a year earlier. The company’s total income also saw a significant increase to Rs 153.21 crore, compared to Rs 60.2 crore in the June 2023 quarter.

According to Sanjay Lodha, chairman and CEO of Netweb Technologies, AI systems have played a crucial role in this growth, accounting for 14.6 percent of the company’s revenue and showing robust growth of 146 percent year-on-year.

(With input from agencies.)