|
Revenue from operations jumped 80.03% to Rs 395.95 crore in Q2 FY24 as compared with Rs 219.94 crore posted in Q2 FY23.
Pre-tax loss stood at Rs 17.74 crore in the second quarter as compared to pre-tax profit of Rs 6.67 crore in same quarter last year.
The company reported negative earnings before interest tax (EBIT) of Rs 29 crore in Q2 FY24, a registering de-growth of 237% YoY.
Cash and Cash Equivalents stood at Rs 1,371 crore in Q2 FY24 as against Rs 943 crore in Q1 FY24, registering growth of 45.38% QoQ. Order book stood at Rs 9,271 crore in Q2 FY24.
Meanwhile, the company has informed that the chief financial officer, Venkatesh Gadiyar has tendered his resignation from the company. He will be relieved from the services of the company with effect from close of business hours on 30 November 2023.
Further, the company's board, based on recommendation of nomination and remuneration committee, has appointed Sumit Dhingra as the CFO of the company effective from 1 December 2023.
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.
|