Tejas Networks Ltd. News and Updates

Telecom services company Tejas Networks announced Q2FY24 results: 1. Financial Performance: - Q2 net revenue increased by 80% YoY to Rs 396 Cr. - Loss after tax in Q2 was Rs 13 Cr. - Cash and cash equivalents at the end of Q2 stood at Rs 1,371 Cr. - Order book at the end of Q2 reached a record high of Rs 9,271 Cr. 2. Business Updates: - 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. - Tejas Networks launched broadband services in Italy through its FiberConnect product portfolio. - The company was selected as a GPON OLT/ONT supplier by two leading regional ISPs in India. - Tejas Networks was chosen for the backbone network of a leading Media and Entertainment company in the US. 3. Awards and Recognition: - 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. - The number of patents granted to Tejas Networks increased to 282. 4. Financial Indicators: - Cash flow from operations in Q2FY24 was Rs (289) Cr. - Net worth stood at Rs 532 Cr. - Inventory increased to Rs 1,401 Cr. - Trade receivables at Rs 487 Cr. - Net working capital decreased by Rs 527 Cr. - Cash and cash equivalents, including investments in liquid mutual funds, bank balances, and others, amounted to Rs 1,371 Cr. 5. Revenue Breakdown: - H1FY24 revenue was Rs 584 Cr, with India Private contributing 48%, India Government contributing 29%, and International contributing 23%. - Critical Infrastructure accounted for 24% of H1FY24 revenue, BSNL/BBNL accounted for 8%, and other segments made up the remaining 68%. Result PDF

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Tejas Networks Ltd. News and Updates

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