Indian data centre equipment makers post multifold jump in quarterly revenue

what happened

According to Moody's, companies supplying components for data centres and AI infrastructure in India posted multifold increases in revenue and profit in the quarter ended September 2026. IT distributor Redington said revenue from its Technology Solutions Group rose 91 per cent, with AI servers and GPUs selling at prices that in many cases were four times higher. Netweb Technologies reported revenue and PAT up more than fourfold year on year, while its AI business grew 1,068 per cent, and it holds an order pipeline of ₹11,152 crore.

Cable and power infrastructure firms, including Sterlite Technologies and Diamond Power Infrastructure, more than doubled their revenue. Aeroflex Industries, which builds liquid cooling skids, recorded its highest ever quarterly revenue of ₹208 crore, while profit rose 157 per cent to ₹37 crore.

why it matters

The revenue jumps show that spending on AI and data centres is reaching individual suppliers. Industry estimates put India's data centre capacity at about 1.5 GW, with plans to reach around 10 GW by the end of the decade, while global hyperscalers have announced investment projects worth over $100 billion.

market impact

Indian IT and infrastructure firms: strong results and orders support the data centre segment.

• ▲Indian data centre equipment makers pressure up — sharp revenue growth and large order pipelines tied to AI projects

tags

instruments