Conference Call with Tejas Networks Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Telecom Services company Tejas Networks announced Q1FY25 results: Net Revenue: Rs 1,563 crore as compared to Rs 188 crore in Q1FY24 PBT: Rs 122 crore as compared to Rs (66) crore in Q1FY24 PAT: Rs 77 crore as compared to Rs (26) crore in Q1FY24 Anand Athreya, Managing Director and CEO of Tejas Networks said, "In Q1FY25 we significantly scaled up our wireless manufacturing capacity and deliveries, leading to approximately 27,000 sites shipped cumulatively. In this quarter we also made releases for new radios in additional 4G bands, for production in Q2. Our wireline business was mainly driven by shipments to our run-rate customers for GPON and DWDM equipment, both in India and globally. We also won strategic deals with an operator in the US for network modernization, and a leading operator in SE Asia for broadband rollout." Sumit Dhingra, CFO said, "In Q1FY25 we continued our strong QoQ and YoY growth with a revenue of 1,563 crore. We ended the quarter with an order book of Rs. 7,091 crore and a net profit of Rs. 77 crore. We continue to increase investments in R&D; and operations which is important for long term growth and value creation. The merger of Saankhya Labs with Tejas is in an advanced stage and the NCLT has reserved the matter for orders." Result PDF
Telecom Services company Tejas Networks announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Revenue: The total income from operations for Q4FY24 stood at Rs 1,326.9 crore, a significant increase from Rs 299.3 crore in Q4FY23. Profit Before Tax (PBT): The PBT for Q4FY24 is reported at Rs 232.6 crore in contrast to a loss before tax of Rs 27 crore in Q4FY23. Profit After Tax (PAT): The company posted a net profit after tax of Rs 146.8 crore in Q4FY24, a notable recovery from a net loss of Rs 11.5 crore in Q4FY23. Total Comprehensive Income: The total comprehensive income for Q4FY24 was Rs 145.54 crore. FY24 Financial Highlights: Total Revenue: The yearly revenue saw an uplift to Rs 2,470.9 crore in FY24 from Rs 921.5 crore in FY23. Profit Before Tax (PBT): The annual PBT turned around from a loss of Rs 42.7 crore in FY23 to a profit of Rs 100.2 crore in FY24. Profit After Tax (PAT): The company posted a net profit after tax of Rs 63 crore in FY24. Total Comprehensive Income: The annual figure for FY24 was Rs 58.80 crore, indicating a reversal from a comprehensive loss of Rs 10.02 crore in FY23. Commenting on the results, Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, "Q4-FY24 has been a milestone quarter for the company. With our strong revenue growth, we have achieved the scale in our business that reflects in our profitability in line with the significant investments that we have made during FY24. We not only ramped up BSNL's 4G/5G RAN shipments but also completed the delivery of the large volume of IP/MPLS routers for the backhaul network. During Q4, we were granted 22 patents, taking our total patent count to 335." Commenting on the results, Mr. Sumit Dhingra, CFO said, "Our consolidated revenue for Q4-FY24 and FY24 were significantly higher than the corresponding numbers in FY23. During FY24 we have made major investments to ramp up our R&D; team and operations which are essential to deliver the growth potential of the company. We completed FY24 with a net profit of Rs 63 crore, a strong order book of Rs 8,221 crore." Result PDF
Conference Call with Tejas Networks Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.