Tejas Networks Ltd

Tejas Networks will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

This sharp rise follows the company's recent announcement of receiving Rs 123.45 crore under the Production Linked Incentive (PLI) Scheme. ' The company announced on 13 March 2025, that it had received the incentive from the Ministry of Communications, Department of Telecommunications, New Delhi, for the financial year 2023-24. This payment is part of the PLI scheme designed to boost domestic manufacturing of telecom and networking products. ' The positive news has fueled a strong rally for Tejas Networks, with the stock climbing 23% in four consecutive sessions, recovering from a recent low of Rs 649.70 on 17 March 2025. However, despite this recent uptrend, Tejas Networks' stock is still remains down approximately 33% year-to-date in 2025. It is also significantly below its all-time high of Rs 1495, which was reached on 27 June 2024, currently sitting at a 46.56% decrease from that high point. Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder with a 54.01% stake as on December 2024. On a consolidated basis, Tejas Networks reported a net profit of Rs 165.57 crore in Q3 FY25 as against net loss of Rs 44.87 crore in Q3 FY24. Net sales soared 345.98% YoY to Rs 2,497.30 crore in Q3 December 2024 over Q3 December 2023. The company's order book at the end of Q3 FY25 stood at Rs 2,681 crore. Powered by Capital Market - Live

Redington Ltd, Hindustan Construction Company Ltd, Jupiter Wagons Ltd and Newgen Software Technologies Ltd are among the other gainers in the BSE's 'A' group today, 21 March 2025.Tejas Networks Ltd spiked 15.07% to Rs 817.05 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.8 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one month. Redington Ltd soared 11.80% to Rs 254.4. The stock was the second biggest gainer in 'A' group. On the BSE, 6.83 lakh shares were traded on the counter so far as against the average daily volumes of 2.26 lakh shares in the past one month. Hindustan Construction Company Ltd surged 11.34% to Rs 27.39. The stock was the third biggest gainer in 'A' group. On the BSE, 54.78 lakh shares were traded on the counter so far as against the average daily volumes of 33.04 lakh shares in the past one month. Jupiter Wagons Ltd rose 11.18% to Rs 348.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 14.48 lakh shares were traded on the counter so far as against the average daily volumes of 2.71 lakh shares in the past one month. Newgen Software Technologies Ltd added 9.14% to Rs 1048.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 56401 shares were traded on the counter so far as against the average daily volumes of 22359 shares in the past one month. Powered by Capital Market - Live

Tejas Networks has allotted 3,04,463 equity shares under ESOP on 25 February 2025. With this allotment, the paid up equity share capital has increased to Rs 1,76,05,95,860/- divided into 17,60,59,586 equity shares of Rs 10/- each. Powered by Capital Market - Live

Tejas Networks Ltd gained 1.74% today to trade at Rs 773. The BSE Telecommunication index is up 0.58% to quote at 2572.69. The index is down 8.46 % over last one month. Among the other constituents of the index, Mahanagar Telephone Nigam Ltd increased 1.69% and Tata Teleservices (Maharashtra) Ltd added 1.68% on the day. The BSE Telecommunication index went up 3.28 % over last one year compared to the 2.38% surge in benchmark SENSEX. Tejas Networks Ltd has lost 22.19% over last one month compared to 8.46% fall in BSE Telecommunication index and 2.19% drop in the SENSEX. On the BSE, 1305 shares were traded in the counter so far compared with average daily volumes of 1.3 lakh shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 652.05 on 28 Mar 2024.Powered by Capital Market - Live

Revenue from operations soared 371.86% to Rs 2642.24 crore in Q3 December 2024 over Q3 December 2023. Profit before tax (PBT) stood at Rs 211.27 crore in Q3 FY25 as against a pre-tax loss of Rs 48.77 crore in Q3 FY24. The company's order book at the end of Q3 FY25 stood at Rs 2,681 crore. Anand Athreya, managing director and CEO, Tejas Networks, said, 'We are thrilled that Sanjay Malik, a telecom industry veteran and a seasoned business leader, is joining our team. Sanjay has an exceptional background in leading top-tier equipment companies in the telecommunications sector. Sanjay's rich experience and management acumen will be invaluable as we continue to build our organization to achieve global success.' N. Ganapathy Subramaniam, chairman of the board of directors, Tejas Networks, 'With a world-class product portfolio, deep technology expertise and promising successes both in the domestic and international markets, Tejas stands on the cusp of a major transformation. I welcome Sanjay Malik to the senior leadership team at Tejas as it embarks on this journey to become a global brand in the telecom sector.' In a separate development, Tejas Networks has appointed Sanjay Malik, a telecom industry veteran and former India country head of Nokia, as its executive vice president and chief strategy and business officer. Commenting on his appointment, Sanjay Malik said, 'I'm extremely delighted to join and partner with the talented senior leadership team of Tejas Networks in this exciting phase of accelerated growth. As India's leading indigenous telecom equipment company with an end-to-end portfolio for the service provider and enterprise markets, I believe that Tejas has incredible potential and is well-positioned to realize its ambitious vision. I am excited to start my new mission and support the company as it emerges as a top-tier global telecom and networking OEM in the coming years.' Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, and defence and government entities in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder. Shares of Tejas Networks tumbled 8.55% to Rs 1,003 on the BSE. Powered by Capital Market - Live

Tejas Networks Ltd lost 7.87% today to trade at Rs 1010.45. The BSE Telecommunication index is down 0.32% to quote at 2828.68. The index is down 0.69 % over last one month. Among the other constituents of the index, Optiemus Infracom Ltd decreased 2.34% and ITI Ltd lost 1.66% on the day. The BSE Telecommunication index went up 17.23 % over last one year compared to the 8.14% surge in benchmark SENSEX. Tejas Networks Ltd has lost 17.5% over last one month compared to 0.69% fall in BSE Telecommunication index and 2.57% drop in the SENSEX. On the BSE, 20474 shares were traded in the counter so far compared with average daily volumes of 57778 shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 652.05 on 28 Mar 2024.Powered by Capital Market - Live

Net profit of Tejas Networks reported to Rs 165.67 crore in the quarter ended December 2024 as against net loss of Rs 44.87 crore during the previous quarter ended December 2023. Sales rose 345.98% to Rs 2497.30 crore in the quarter ended December 2024 as against Rs 559.96 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2497.30559.96 346 OPM %14.88-1.34 - PBDT322.54-0.60 LP PBT211.27-48.77 LP NP165.67-44.87 LP Powered by Capital Market - Live

Tejas Network has approved the grant of 15,959 Restricted Stock Units at face value of Rs. 10/- each under Tejas Restricted Stock Unit Plan to the Employees/ Senior Management of the Company. Powered by Capital Market - Live

Tejas Networks has allotted 48,124 equity shares under stock option plans. Consequently, the paid-up share capital of the Company stands increased from Rs. 1,75,70,69,990 divided into 17,57,06,999 equity shares of Rs.10/- each to Rs. 1,75,75,51,230 divided into 17,57,55,123 equity shares of Rs.10/- each.Powered by Capital Market - Live