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Tejas Networks hits life high on recording turnaround Q4 results
23-Apr-24   11:00 Hrs IST

Revenue from operations zoomed to Rs 1,326.88 crore in March 2024 quarter as compared with Rs 299.32 crore recorded in same quarter last year.

The company posted a profit before tax of Rs 232.61 crore during the quarter as against a pre-tax loss of Rs 27.04 crore registered in Q4 FY24.

Cash and cash equivalents grew to Rs 641 crore in Q4 FY24 from Rs 559 crore in Q3 FY24, registering a growth of 14.67% QoQ. During the quarter, the company?s order book stood at Rs 8,221 crore.

For FY24, the company reported a consolidated net profit of Rs 62.98 crore as against a net loss of Rs 36.41 crore recorded in FY23. Revenue from operations soared 168.13% YoY to Rs 2,470.92 crore in FY24.

Tejas Networks is a wireline and wireless telecom and data networking products company that designs, develops and manufactures high-performance and future-ready products for building high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks.

The counter hit an all time high of Rs 1,086.90 on the BSE.

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