Tejas Networks’ shares, which manufacture telecom equipment, increased by much to 20% to reach the upper circuit at Rs 1,427.55 a share. Tejas Networks’ share price increased following the release of impressive statistics for the September quarter of its fiscal year 2025 (Q2FY25).
In Q2FY25, the company’s consolidated revenue from operations increased six times to ₹2,811 crore from ₹396 crore in the same quarter the previous year. After reporting a net loss of ₹13 crore in Q2FY24, it made a huge comeback with a profit after tax (PAT) of ₹275 crore.
The company reported a net profit of ₹353 crore for H1FY25, up from a net loss of ₹39 crore in the same period last fiscal year. This is after the company had nine straight quarters of net losses. The company maintained this trend after returning to profitability in Q4FY24.
Tejas Networks’ managing director and CEO, Anand Athreya, stated, “We made record delivery of over 30,000 4G sites in Q2-FY25. With DWDM and GPON triumphs, we continued to have success in India and around the world. In keeping with our plan, we’re still committed to growing our product line and seizing market opportunities.”
Tejas Networks Q2 Results
This significant increase comes after the business’s excellent Q2 FY25 earnings, which were disclosed on Friday after market hours. Comparing the company’s consolidated net revenue from operations to the same period previous year, it increased sixfold to ₹2,811 crore. This astounding expansion is a result of the business’s successful financial turnaround. In comparison to a net loss of ₹13 crore during the same quarter previous year, it reported a profit after tax (PAT) of ₹275 crore.
Tejas Network Share Price Today
At 10:12 a.m. on the NSE, Tejas Networks Ltd.’s shares were trading 14.66% higher at Rs 1,361.85 apiece. With a gain of almost 50% year over year, Tejas Networks’ shares have returned 20% during the last half of a year. Up 53% year to date in 2024, the stock has performed well.
