Tejas Networks gets connected!

Tejas Networks is the top gainer on the BSE since the morning today; it opened at its 20% upper price band of Rs.1427.55, not too far from its 52-week high of Rs.1495.10.

The market has given its Q2FY25  a big thumbs up. Riding high on a strong demand and especially  from BSNL, the company posted a six-times jump in revenue at Rs.2811 crore and it also got back into the black with a net profit of Rs.275 crore v/s net loss of Rs.13 crore (YoY).

The company's order backlog stood at Rs.4,845 crore, with Rs.4,627 crore from India and Rs.218 crore from international markets.

The company is now looking ahead with several key opportunities- in the wireless sector, the company is poised to benefit from the expansion of BSNL’s 4G network and the subsequent upgrade to 5G and in the wireline sector, it plans to gain from Bharatnet Phase 3 and is also looking at FTTH (Fiber to the Home) and network modernization contracts with various operators in the EMEA (Europe, the Middle East, and Africa) region and the Americas.

The company designs, manufactures and sells leading-edge telecom products used by communication service providers, utilities, defence and government entities in over 75 countries.