Tejas Networks posts a loss of Rs 62.7 crore in Q4FY22 due to global chip supply shortage Telecom Services firm Tejas Networks declares Q4FY22 result: Q4 revenue was Rs. 126.5 crore and FY 22 revenue was Rs. 550.6 crore Q4 loss was Rs. 49.6 crore and FY 22 loss was Rs. 62.7 crore For Q4-FY22, consolidated net revenue was Rs. 126.5 crore, which was a YoY decrease of 37.2%, resulting in a loss before tax of Rs. 95.9 crore as compared to a profit of Rs. 18.5 crore, for corresponding previous period. Loss after tax was Rs. 49.6 crore as compared to profit of Rs. 33.6 crore for corresponding previous period. For FY 22, net revenue was Rs. 550.6 crore, which was a YoY increase of 6.9%, resulting in a loss after tax of Rs. 62.7 crore, as compared to a profit of Rs. 37.5 crore for corresponding previous period. Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are disappointed that our Q4 revenues were below our expectations. This was due to the ongoing global chip supply shortages and despite our best efforts, we could not manufacture enough products to fulfil open orders. However, we continue to see a positive business momentum with strong Q4 order inflow of Rs. 316 crores, increasing our total order book to an all-time high of Rs 1,175 crores. We have already taken advance inventory actions for securing components for our planned revenues for next 12 months and we believe that we will be able to effectively address the challenges of the ongoing semiconductor component shortages. We are also pleased that our 4G Radio Access Network (RAN) equipment, as a part of the indigenous 4G solution, has successfully passed the Proof-of-Concept field tests in the network of a large Indian telecom operator.” Mr. Venkatesh Gadiyar, CFO said, “During Q4, we saw margin pressure due to increase in component prices and lower international revenues. Our cash position continues to be healthy and as on March 31, 2022 our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, were Rs. 1,102 crores and we continue to be a debt-free Company”. Result PDF
Conference Call with Tejas Networks Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Tejas Networks Management and Analysts on its Saankhya Labs Acquisition. Listen to the full transcript.
Conference Call with Tejas Networks Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Telecommunications equipment company Tejas Networks declares Q3FY22 result: Consolidated net revenue was Rs 107 crore, decreased 17.1% YoY Loss before tax of Rs 32.9 crore as compared to a profit of Rs 9.2 crore in the corresponding previous quarter Loss after tax was Rs 24.3 crore as compared to a profit of Rs 9.2 crore in the corresponding previous quarter Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "Our Q3 revenues were low as we could not fulfill customer orders due to ongoing global semiconductor component shortage. However, our medium to long-term business momentum continues to be in our favour, as we saw strong Q3 order inflow of Rs 311 crore, increasing our total order book to an all-time high of Rs. 986 crores. We continue to take proactive measures to address the ongoing semiconductor component shortage challenges." Mr. Venkatesh Gadiyar, CFO said, "During Q3, we saw margin pressure due to increase in component prices and lower international revenues. In addition, our inventory levels increased, since many orders could not be fulfilled due to shortage of certain critical components. Our cash position continues to be healthy and as on December 31, 2021 our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, were Rs 1,175 crores and we continue to be a debt-free Company". Result PDF