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Tejas Networks shares tumble 14% after Q4; Here's all you need to know
Tejas Network's stock fell as much as 14.37 per cent during the day to ₹735.5 per share. The stock pared losses to trade 10.7 per cent lower at ₹767 apiece, compared to a 0.9 per cent advance in Nifty50 as of 11:35 AM.
The company's scrip extended its decline to day four on Monday. Before the crash in the stock today, it recovered by about 38 per cent from its lows of ₹649 per share, which it hit last month. The stock has risen 35 per cent this year, compared to a 2.6 per cent advance in the benchmark Nifty50. Tejas Network has a total market capitalisation of ₹13,498.36 crore.
Tejas Network Q4FY25 results: Key numbers here
Tejas Networks reported a consolidated net loss of ₹71.80 crore in the fourth quarter of FY25, compared to a net profit of ₹146.78 crore in the same quarter of FY24.
Total revenue from operations soared to ₹1,906.94 crore in Q4 FY25, up from ₹1,326.88 crore recorded in the corresponding quarter of the previous year. Profit before tax surged 77.13 per cent to ₹1,960.07 crore in Q4 FY25, compared with ₹1,106.56 crore in Q4 FY24.
Cash and cash equivalents stood at ₹827 crore in Q4 FY25, rising from ₹643 crore in Q4 FY24, marking a growth of 28.61 per cent quarter-on-quarter. During the quarter, the company's order book stood at ₹1,019 crore.
Tejas Networks management commentary:
About Tejas Networks
Tejas Networks designs and manufactures wireline and wireless networking products, with a focus on technology, innovation, and research and development. TNL carrier-class products are used by telecom service providers, utilities, governments, and defence networks in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.
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