Netweb Technologies has experienced a significant increase in its shares, reaching a new record high, with trading volumes also being substantial.
The company's stock has outperformed the Nifty 50 index, rising by over 143% year-to-date, while the index has only increased by 10% during the same period.
In the July-September quarter, Netweb reported a remarkable 70% year-on-year growth in net profit, with revenues reaching Rs 251 crore.
The company's operational performance was equally impressive, with EBITDA increasing by 85% year-on-year and the EBITDA margin expanding by 90 basis points compared to the previous year.