Hot Pursuit     21-Oct-21
Tejas Networks slumps after dismal Q2
Tejas Networks was locked in a lower circuit of 5% at Rs 444.1 after the company posted a 19.2% drop in consolidated net profit to Rs 3.66 crore in Q2 FY22 as compared to a net profit of Rs 4.53 crore posted in Q2 FY21.
Revenue from operations increased by 57% to Rs 172.78 crore in Q2 FY22 over Q2 FY21. The profit before stood at Rs 3.33 crore in Q2 FY22, 26.5% lower than Rs 4.53 crore in Q2 FY22 over Q2 FY21. Profitability was impacted after total expenses spiked 52.7% to Rs 173.62 crore in Q2 FY22 over Q2 FY21.

The company's order book increased to Rs 783 crore for the quarter ended September 2021. The company's cash and cash Equivalent stood at Rs 1,195 crore in Q2 FY22 including investment of Rs 837.5 crore from Panatone Finvest Ltd.

Tejas Networks designs, develops and sells high-performance networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries.

Previous News
  Tejas Networks reports consolidated net profit of Rs 77.48 crore in the June 2024 quarter
 ( Results - Announcements 20-Jul-24   07:39 )
  Tejas Networks reports consolidated net loss of Rs 10.88 crore in the December 2022 quarter
 ( Results - Announcements 07-Feb-23   07:35 )
  Tejas Networks allots 73,808 equity shares under ESOP
 ( Corporate News - 22-Aug-23   20:29 )
  Tejas Networks Ltd Slips 0.98%
 ( Hot Pursuit - 28-Nov-23   09:30 )
  Tejas Networks grants 60,350 stock options
 ( Corporate News - 19-Jan-24   19:05 )
  Tejas Networks to invest Rs 750 cr under design-led PLI scheme for telecom
 ( Hot Pursuit - 02-Nov-22   08:55 )
  Tejas Networks consolidated net profit declines 19.21% in the September 2021 quarter
 ( Results - Announcements 21-Oct-21   08:15 )
  Tejas Networks consolidated net profit declines 70.77% in the September 2022 quarter
 ( Results - Announcements 22-Oct-22   08:02 )
  Tejas Networks Ltd Surges 6.37%
 ( Hot Pursuit - 16-Aug-23   09:30 )
  Tejas Networks reported weak Q4 outcome
 ( Hot Pursuit - 23-Apr-22   11:14 )
  Tejas Networks to hold AGM
 ( Corporate News - 07-Jul-22   10:54 )
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