Market News
2 min read | Updated on April 28, 2025, 10:45 IST
SUMMARY
Tejas Networks reported a consolidated loss of ₹71.8 crore in the latest March quarter. In the year-ago quarter, the company had posted a net profit of ₹146.78 crore.
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Tejas Networks designs and manufactures high-performance wirelife and wireless networking products. | Image: Tejas Networks/LinkedIn
Tejas Networks share price: Shares of wireline and wireless networking products manufacturer Tejas Networks nosedived on Monday, April 28, after the company released its financial results for the fourth quarter of the fiscal year 2025.
The stock declined 10.84% to ₹765.80 apiece on the National Stock Exchange (NSE) at 10:44 am.
Revenue from operations increased 42.4% to ₹1,906.98 crore in Q4 FY25, compared to ₹1,339.17 crore in the corresponding period of the last fiscal year.
The company's board also recommended a dividend of ₹2.5 per share, subject to approval at the annual general meeting (AGM) on June 27.
Anand Athreya, Managing Director and Chief Executive Officer of the company, said, "In Q4-FY25, we completed deliveries of 100,000+ sites for the BSNL 4G/5G network which is one of the largest single-vendor RAN networks delivered in record time. We had key wins for our leading edge Optical, PTN and FTTx products in mobile backhaul, broadband services and power utility networks. During the quarter we signed a technology collaboration agreement with NEC for development and marketing of advanced RAN technologies and joint go-to-market."
Sumit Dhingra, chief financial officer, said that the firm ended the quarter with an order book of ₹1,019 crore.
The net loss was due to increased investments in R&D and one-time changes in inventory and R&D expenses, he said.
"We ended FY25 with a revenue of Rs. 8,923 crore and a net profit of Rs. 447 crore, a significant growth over FY24," Dhingra added.
The firm also approved the grant of 1,28,700 restricted stock units (RSUs) at a face value of ₹10 each under the Tejas Restricted Stock Unit Plans to the company's key management personnel.
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