Telecom services company Tejas Networks announced Q2FY24 results:<br><br>1. Financial Performance:<br>- Q2 net revenue increased by 80% YoY to Rs 396 Cr.<br>- Loss after tax in Q2 was Rs 13 Cr.<br>- Cash and cash equivalents at the end of Q2 stood at Rs 1,371 Cr.<br>- Order book at the end of Q2 reached a record high of Rs 9,271 Cr.<br><br>2. Business Updates:<br>- Tejas Networks won a prestigious order worth Rs 7,492 Cr from TCS to supply 4G/5G RAN equipment for BSNL's pan-India network. Shipment of 1000+ sites has already taken place.<br>- Tejas Networks launched broadband services in Italy through its FiberConnect product portfolio.<br>- The company was selected as a GPON OLT/ONT supplier by two leading regional ISPs in India.<br>- Tejas Networks was chosen for the backbone network of a leading Media and Entertainment company in the US.<br><br>3. Awards and Recognition:<br>- Tejas Networks was conferred with the 2023 Leading Lights award in the "Company of the Year (Public)" category, recognizing its technology expertise, strong balance sheet, long-term investment outlook, and customer relationships.<br>- The number of patents granted to Tejas Networks increased to 282.<br><br>4. Financial Indicators:<br>- Cash flow from operations in Q2FY24 was Rs (289) Cr.<br>- Net worth stood at Rs 532 Cr.<br>- Inventory increased to Rs 1,401 Cr.<br>- Trade receivables at Rs 487 Cr.<br>- Net working capital decreased by Rs 527 Cr.<br>- Cash and cash equivalents, including investments in liquid mutual funds, bank balances, and others, amounted to Rs 1,371 Cr.<br><br>5. Revenue Breakdown:<br>- H1FY24 revenue was Rs 584 Cr, with India Private contributing 48%, India Government contributing 29%, and International contributing 23%.<br>- Critical Infrastructure accounted for 24% of H1FY24 revenue, BSNL/BBNL accounted for 8%, and other segments made up the remaining 68%.<br><br><br><br><br><br><br>Result PDF