E2E Networks board approves ₹1,500 crore fundraise via QIP, other routes

E2E Networks' board approved a ₹1,500 crore fundraise via QIP, rights issue, or other routes to expand capacity amid strong AI demand.

The company reported a sharp turnaround in June-quarter earnings, with ₹44 crore net profit and 336% year-on-year revenue growth to ₹157 crore.

E2E Networks attributed growth to its B200 cluster, better GPU utilisation, and TIR AI/ML platform scale-up, with EBITDA margin expanding to 75.2%.

The company's shares were trading at ₹620 on the NSE, up 0.58% from the previous close.