E2E · Q1 FY27 · investor presentation
E2E
E2E Networks reported strong financial performance in Q1 FY27, with revenue up 334.3% YoY and EBITDA margin at 75.2%. The company emphasized its role as a sovereign AI infrastructure provider in India, expanding GPU capacity and strengthening leadership.




Key financials
| Revenue | ₹157 crore | +334.3% YoY |
| EBITDA | ₹118 crore | +64.0% QoQ |
| PAT | ₹43.9 crore | +28.0% Margin |
| Exit MRR (Jun-26) | ₹71.8 crore |
Segment commentary
AI Infrastructure
E2E is expanding its GPU capacity with NVIDIA B200 GPUs, enabling large-scale AI training and inference.
Leadership Team
Alok Ohrie, former President & MD of Dell Technologies India, has joined as a Strategic Advisor.
Guidance & outlook
- Continued expansion of AI infrastructure capacity.
- Strengthening leadership team to support growth.
Notable quotes
“E2E is building sovereign compute at home for India’s AI future.”— Ronit
Key takeaways
- E2E Networks is a key player in India's sovereign AI infrastructure with strong financial growth.
- Expansion of GPU capacity and strategic leadership additions support future growth.
- The company faces risks related to high capital expenditures and competitive pressures.
Risks flagged
- High capex required for GPU infrastructure expansion.
- Competition from hyperscale providers and other neocloud players.
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/E2E_21072026164810_21072026E2E_Networks_-_Investor_Presentation_-_Q1_FY27.pdf
Full transcript (2,073 words)
E2E Networks Limited
CIN- L72900DL2009PLC341980
Uppal's Genesis A-32, Block B, Mohan Cooperative Industrial Estate,
Badarpur, New Delhi 110044, Phone No. +91-11-4084-4964
Email: cs@e2enetworks.com, Website https://www.e2enetworks.com/
Date: July 21, 2026
To, To,
National Stock Exchange of India Ltd. (‘NSE’) The Manager- Listing
Exchange Plaza, 5th Floor, BSE Limited,
Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers,
Bandra - Kurla Complex, Bandra (E), Mumbai – Dalal Street, Mumbai- 400 001
400 051, Maharashtra, India Maharashtra, India
(Script Symbol: E2E) (Scrip Code: 544783)
Sub: Investor Presentation of E2E Networks Limited (“the Company”)
Dear Sir/Ma’am,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith Investor Presentation of the Company.
The aforesaid presentation is also accessible on the Company’s website at https://www.e2enetworks.com .
This is for your information and records.
Yours faithfully,
For E2E Networks Limited
Ronit
Company Secretary & Compliance Officer
Membership No.: A59215
Encl.: As above
Q1 FY27
Investor Presentation
July 21, 2026
1
Safe Harbour Statement
This presentation has been prepared by E2E Networks Limited ("the Company") solely for information purposes and does not constitute
an offer, invitation, solicitation or recommendation to purchase or subscribe for any securities, nor should it form the basis of, or be
relied upon in connectionwith, any investment decision, contract or commitment.
Certain statements contained in this presentation, including those relating to the Company's future business prospects, growth
strategy, AI infrastructure capacity expansion, cloud platform capabilities, subsidiary operations, financial performance, capital
allocation, and industry outlook, are forward-looking statements. These statements are based on management's current expectations,
assumptions and estimates and are subject to known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include,
but are not limited to, changes in economic and market conditions, demand for AI and cloud infrastructure services, competitive
dynamics, technology advancements, availability and pricing of GPU infrastructure, execution of expansion plans, customer adoption,
regulatory developments, cybersecurity risks, access to capital, and other risks beyond the Company's control.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable law. Past performance should not be regarded as an indicator of
future performance.
2
Who We Are
India’s Sovereign Provider
of Advanced Cloud GPUs
16+ 5100
years of operational approx. cloud GPUs live at
excellence Q1 FY27 exit
3
A Structurally Undersupplied Market,
Compounding Fast
GPU demand for AI training and inference continues to outstrip hyperscale capacity —
pulling capital into purpose-built neocloud providers worldwide
US$6.7T
Global Neocloud Market Revenue Global data center capital expenditure needed by
2030
(US$ Billions) —~70% driven by AI workloads
$400B Source: McKinsey & Company, "The cost of compute" (Apr 2025)
100+
Neocloud / GPU-cloud providers active globally
today —a highly fragmented, fast-growing category
$180B
Source: DriveNets; Thunder Compute (2026)
$25B 80%
share of neocloud market revenue expected to come
2025 (Actual) 2030 (Forecast) 2031 (Forecast) from AI inference by 2030
Source: Synergy Research Group (2026)
Source: ABI Research, "The State of Neocloud" (2026)
4
Sovereign AI Is Now National
Infrastructure Data as of July 2026
Governments and enterprises are reclassifying AI as strategic national infrastructure — sovereignty is now about who controls the models,
data and compute, not where they run.
US$1.5T
US$6.7T 20% 250,000+
Estimated global sovereign-AI infrastructure
opportunity this decade Global data-centre capex needed by Neocloud/GPU-cloud share of the US$267B GPUs South Korea committed in a single
2030, ~70% driven by AI AI-cloud market by 2030 2026 sovereign-AI deal with NVIDIA
Oppenheimer research estimate, 2025 McKinsey, 2025 Gartner, Jun 2026 NVIDIA, 2026
India Is Building Sovereign Capacity at Scale
~$30 bn
8.33 GW
India’s total data-centre pipeline —over 5×today’s ~1.6 GW live capacity Investment underpinning India’s data-centre capacity build-out
Knight Frank India, Jun 2026 Industry reports, 2026
38,000+ GPUs Chennai · Mumbai
IndiaAIMission Mumbai (3.75 GW) and Chennai (1.36 GW) anchor India’s AI capacity
PIB / MeitY, Govt. of India, 2026 Knight Frank India, 2026
AI infrastructure is being reclassified —by governments and enterprises alike —from a procurable utility into a
strategic national asset. India’s 8 GW+ build-out is bringing sovereign compute within reach, and E2E Networks
is building it at home.
Disclaimer: All third-party figures and any references to companies or individuals are drawn from publicly available sources andare shown for industry context only. Their inclusion does not imply any endorsement of, affiliation with, or association withE2E Networks Limited. Data is indicative and should be independently
verified.
5
Built in India,
for India’s AI Future.
Engineering Owned, Not Rented
Since 2009 — India’s first NSE-listed cloud
provider; GPU cloud since 2018.
Full stack, in-house — 100+ engineers
build our compute, networking,
orchestration & AI software.
Own AI platforms — two in-house
platforms: TIR (training, fine-tuning, RAG &
model endpoints) and Jarvislabs.ai
(developer friendly GPU cloud).
Sovereign compute — nearly 3,000
Hopper GPUs deployed, now scaling
NVIDIA Blackwell installations.
Built for India — 5,100+ GPUs live, powering
the IndiaAI Mission’s foundational models.
6
INTEGRATED AI PLATFORM & MONETIZATION MODELS
AI INFRASTRUCTURE Public Platforms – TIR & Jarvislabs.ai
Training, fine-tuning & inference for LLM builders and
→
NVIDIA GPUs (Hopper Blackwell) in Delhi
AI-native teams at cluster scale
NCR & Chennai DCs
GO-TO-MARKET
Sovereign / Private Platform
Self-serve portal + enterprise sales + partners +
E2E’s own cloud software deployed for regulated &
government empanelment
data-residency-bound customers
7
TIR AI/ML Platform
From notebook to production AI —
build, fine-tune, deploy & scale
GPU Notebooks Foundation Studio
GPU-backed Jupyter Fine-tune Llama, Gemma &
notebooks, frameworks Stable Diffusion models
preloaded
RAG Pipelines Model Endpoints
Upload a knowledge base, Inference APIs via vLLM,
launch a chatbot in minutes SGLang, Triton or PyTorch
Datasets & Training Any Model, One API
Managed datasets, model Call any model via an
repo & distributed training OpenAI-compatible endpoint
8
8 8
Jarvislabs.ai — Developer First GPU Cloud
Spin up GPUs in seconds from CLI or code — an E2E Platform since December 2025
Instant GPU CLI, SDK &
Pause & Resume Per-Minute Billing
Instances Templates
Launch H100, H200, A100 Pause an instance to pay Pay only for the minutes
and RTX Pro 6000 GPUs on only for storage —and you compute, with no Manage the full instance
demand, in seconds. switch GPU type when you commitments or lock-in. lifecycle from terminal or
resume. Python, with framework
templates and persistent
storage.
Jarvislabs.ai: the developer-first GPU cloud — an E2E Platform since Dec 2025.
9
The Growth Story | Capacity meets Demand
TODAY ON THE ROADMAP
IN DEPLOYMENT
Hopper & Blackwell
Blackwell scale-up B300 / Vera Rubin
GPUs
~5100 GPUs live, 1024+ B200s planned Next-generation Compute
(including 1024 B200) planning underway
GPU Trajectory
5,100
3,900
1,900
FY25 FY26 FY27Q1
10
Board with Founders, Finance and Tech Experience
Tarun Dua Srishti Baweja Megha Raheja Gaurav Munjal
Chairman, Independent Director
Managing Director Whole-Time Director Whole-Time Director
Co-founder; 23+ yrs in open CA; 20 yrs in finance & CA; 22+ yrs in IT/ITES & telecom, IIT Bombay; MD of Infollion
source, virtualization & cloud; compliance; built the finance accounting, treasury, M&A. Research; Technology + HR on-
director since inception. function from early stage. demand space.
Sonu Gosain Soni Karthik Reddy Bezawada Shrimati Ambastha Prashant ChiranjiveJain
Non-Executive Non-Independent Non-Executive Non-Independent
Independent Director Independent Director
Director Director
IIM Bangalore; business strategy, Co-founder & Managing Partner, CEO, L&T-Cloudfiniti DC business; Ex-MD GE Power India; 30+ yrs
revenue enhancement, key Blume Ventures (~$650M AUM). 33 yrs across Oracle, VMware, NTT. across energy, oil & gas, IT
accounts. consulting.
911
Leadership Team
Nitin Jain Mohammed Imran Bakshish Dutta Ronit
Company Secretary and
Chief Financial Officer Chief Technology Officer Chief Business Officer Compliance Officer
Two decades of global Cloud & networking depth; open- Growth-focused SaaS sales 8+ years of experience in corporate
finance leadership; large- source (FOSS) champion; leads leader with a strong track record governance, compliance and strategic
scale business platform engineering. of scaling businesses across advisory, with expertise in regulatory
transformation. India and SAARC. matters.
Alok Ohrie
Former President & MD, Dell Technologies India (2013–25); 35+ years in IT. Chairman, ASSOCHAM National Council of
Electronics Manufacturing; Super Mentor, Govt. of India’s Atal Innovation Mission.
Strategic Advisor
12
What’s new this Quarter @E2E | Q1 FY27
SovCloud Advisory and
Stock Split &
B200 1024 LIVE Incorporated as Leadership Team
BSE Listing
WOS Strengthened
Executed a 10:1 stock split Expanded AI infrastructure Deploying large-scale GPU Alok Ohrie — former
and listed E2E equity with NVIDIA B200 GPU infrastructure and President & MD, Dell
shares on BSE in addition clusters, enabling large- enabling funding Technologies India (30+
to NSE — together scale AI training and arrangements to years in enterprise tech &
broadening the investor inference. accelerate AI infrastructure GTM) — joins as Strategic
base for retail and expansion. Advisor. Further senior
institutional participation. leadership hires across
business and technology
functions.
13
The Quarter’s Scoreboard | Q1 FY27
Revenue EBITDA PAT Exit MRR (Jun-26)
INR 1568 Mn INR 1179 Mn INR 439 Mn INR 718 Mn
+334.3% YoY | +64.0% QoQ 75.2% Margin 28.0% Margin vs ₹374 Mn (Mar-26)
PAT & PAT Margins
EBITDA & EBITDA Margins
75%
1200 90% 40%
500
28%
30%
1000 61% 70% 400
57%
20%
800 300 7%
41% 1179 50% 439 10%
200
600 29% 581 -8% -8% 0%
397 30% 100 64 -10%
400
0 -28 -20%
180 10% -31%
200 -57
105 -100 -30%
-135
0 -10% -200 -40%
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
EBITDA (INR Mn) EBITDA Margin % PAT (INR Mn) PAT Margin %
14
Financial Highlights
Capex (In Mn)
8700
6962
1853
177
249 350
FY22 FY23 FY24 FY25 FY26 Q1FY27
# FY26 includes CWIP of INR 5,334 Mn for GPU’s, deployed in May 2026.
Raised Funds through Preferential issue of Equity shares (In Mn)
Period Fund raised Utilized till FY26 Utilized in Q1’FY27 Balance funds
Q2’25 4,056.56 3,555.05 501.51 0.00
Q3’25 10,792.78 10,021.98 468.26 302.54
Q4'26 1,070.00 27.61 18.14 1,024.25
Total 15,919.34 13,604.64 987.91 1,326.79
14
Sixteen Quarters of Compounding Run-Rate
Monthly Revenue Run-rate (INR Mn),
14.1×
→
Jun-22 Jun-26
MRR growth in four years
(₹51 Mn → ₹ 718 Mn)
718
374
280
165 160
145 145
75.2%
109 113 112
85
51 56 58 61 68 72
Q1 FY27 EBITDA margin
Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
17
Q1FY27 Financial Performance
Particulars (INR Mn) Q1FY27 Q1FY26 Y-o-Y% Q4FY26 Q-o-Q%
Operational Revenue 1,568 361 334.3% 956 64.0%
Total expenses 389 256 51.9% 375 3.7%
EBITDA 1,179 105 1022.8% 581 102.9%
EBITDA Margin % 75.2% 29.1% 4610 bps 60.7% 1450 bps
Other Income 114 150 (24.0)% 55 107.3%
Depreciation 606 274 121.2% 513 18.1%
Finance Cost 101 18 449.0% 37 173.0%
PBT 586 (37) 1683.8% 86 581.4%
Tax 147 (9) 1733.3% 21 600.0%
PAT 439 (28) 1667.9% 65 575.4%
PAT Margin % 28.0% (7.9)% 3590 bps 6.7% 2130 bps
Basic EPS 2.14 (0.14) 1628.6% 0.32 568.8%
Diluted EPS 2.10 (0.14) 1600.0% 0.32 556.3%
18
Yearly Trends | Income Statement
Particulars (INR Million) FY26 FY25 FY24 FY23
Operational Revenue 2,456 1640 945 662
Total Expenses 1,193 673 466 331
EBITDA 1,263 967 479 331
EBITDA Margin % 51.4% 59.0% 50.6% 50.0%
Other Income 340 394 16 8
Depreciation & Amortization Expense 1,693 601 157 201
Finance Cost 122 132 36 5
PBT (212) 628 302 132
Tax Expenses (56) 153 84 33
PAT (156) 475 219 99
PAT Margin % (6.3)% 29.0% 23.2% 14.9%
19
Yearly Trends | Balance Sheet
Particulars (In INR Million) Mar-26 Mar-25 Mar-24
EQUITY AND LIABILITIES
Equity share capital 206 200 145
Other equity 16,645 15,728 564
Borrowings 1,032 114 1,031
Lease liability 559 616 410
Other Non-Current liabilities 197 245 93
Other Current liabilities 4,643 8,904 309
TOTAL EQUITY AND LIABILITIES 23,282 25,807 2,552
ASSETS
Property, plant and equipment 14,966 9,471 1,558
Intangible Assets 167 149 122
Right of Use Asset 557 635 424
Non-Current Financial Assets and tax assets 1,506 66 63
Current Financial assets 3,982 13,702 153
Other current assets 2,104 1,784 232
TOTAL ASSETS 23,282 25,807 2,552
20
THANK YOU
For further queries, please contact:
Company Secretary & Compliance
Officer
investors@e2enetworks.com
Tel No: +91–11–4113 3905
Investor Relations Advisors
Adfactors PR Pvt. Ltd.
Snighter Albuquerque
snighter.a@adfactorspr.com
Mobile: +91 9819123804
Vanessa Fernandes
vanessa.fernandes@adfactorspr.com
Mobile: +91 9773355200
20