Company Profile

Tejas Networks has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported net profit at Rs 159.19 crore for the quarter under review as compared to net loss of Rs 4.95 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1317.14 crore for Q4FY24 as compared Rs 305.72 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net profit at Rs 146.78 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 11.47 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1339.17 crore for Q4FY24 as compared Rs 320.59 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported many fold jump in its net profit at Rs 81.98 crore as compared to Rs 3.04 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2434.54 crore for year under review as compared to Rs 948.22 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported net profit at Rs 62.98 crore as compared to net loss of Rs 36.41 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2535.58 crore for year under review as compared to Rs 1000.58 crore for year ended March 31, 2023.

Tejas Networks is currently trading at Rs. 1070.00, up by 164.25 points or 18.13% from its previous closing of Rs. 905.75 on the BSE.

The scrip opened at Rs. 1013.70 and has touched a high and low of Rs. 1086.90 and Rs. 985.40 respectively. So far 554781 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1086.90 on 13-Apr-2023 and a 52 week low of Rs. 618.00 on 05-May-2023.

Last one week high and low of the scrip stood at Rs. 1086.90 and Rs. 771.60 respectively. The current market cap of the company is Rs. 18287.95 crore.

The promoters holding in the company stood at 55.60%, while Institutions and Non-Institutions held 16.10% and 28.31% respectively.

Tejas Networks has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported net profit at Rs 159.19 crore for the quarter under review as compared to net loss of Rs 4.95 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1317.14 crore for Q4FY24 as compared Rs 305.72 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net profit at Rs 146.78 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 11.47 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1339.17 crore for Q4FY24 as compared Rs 320.59 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported many fold jump in its net profit at Rs 81.98 crore as compared to Rs 3.04 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2434.54 crore for year under review as compared to Rs 948.22 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported net profit at Rs 62.98 crore as compared to net loss of Rs 36.41 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2535.58 crore for year under review as compared to Rs 1000.58 crore for year ended March 31, 2023.

Tejas Networks has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for Fiber-to-the-Home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region. 

It is a comprehensive agreement that seeks to promote localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.

Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.

Tejas Networks has informed that it enclosed press release titled ‘Tejas Networks announces strategic partnership with Telecom Egypt’.

The above information is a part of company’s filings submitted to BSE.

Tejas Networks is currently trading at Rs. 693.35, up by 6.00 points or 0.87% from its previous closing of Rs. 687.35 on the BSE.

The scrip opened at Rs. 690.25 and has touched a high and low of Rs. 697.35 and Rs. 685.50 respectively. So far 963 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 939.90 on 18-Oct-2023 and a 52 week low of Rs. 562.10 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 718.10 and Rs. 678.05 respectively. The current market cap of the company is Rs. 11733.62 crore.

The promoters holding in the company stood at 55.80%, while Institutions and Non-Institutions held 15.61% and 28.59% respectively.

Tejas Networks has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for Fiber-to-the-Home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region. 

It is a comprehensive agreement that seeks to promote localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.

Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.