Revenue from operations zoomed 103.95% to Rs 559.96 crore in the December quarter as compared with Rs 274.55 crore recorded in Q3 FY23.

The company reported a pre-tax loss of Rs 48.77 crore in the third quarter as against a pre-tax loss of Rs 9.35 crore registered in the same quarter last year.

Cash and cash equivalents stood at Rs 559 crore in Q3 FY24 from Rs 1,371 crore in Q2 FY24, registering de-growth of 59.23% QoQ. During the quarter, the company’s order book stood at Rs 9,028 crore.

For 9-months FY24, the company reported a consolidated net loss of Rs 83.80 as against a net loss of Rs 24.95 crore recorded in 9M FY23. Revenue from operations surged 84.41% YoY to Rs 1,143.80 crore in 9M 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.