Tejas Networks Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 22, 2024 at 07:09 pm IST
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Tejas Networks Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 11,705.2 million compared to INR 2,993.2 million a year ago. Revenue was INR 13,391.7 million compared to INR 3,205.9 million a year ago. Net income was INR 1,467.8 million compared to net loss of INR 114.7 million a year ago. Basic earnings per share from continuing operations was INR 8.61 compared to basic loss per share from continuing operations of INR 0.7 a year ago. Diluted earnings per share from continuing operations was INR 8.48 compared to diluted loss per share from continuing operations of INR 0.7 a year ago.
For the full year, sales was INR 23,143.2 million compared to INR 9,195.7 million a year ago. Revenue was INR 25,355.8 million compared to INR 10,005.8 million a year ago. Net income was INR 629.8 million compared to net loss of INR 364.1 million a year ago. Basic earnings per share from continuing operations was INR 3.71 compared to basic loss per share from continuing operations of INR 2.46 a year ago. Diluted earnings per share from continuing operations was INR 3.65 compared to diluted loss per share from continuing operations of INR 2.46 a year ago.
Tejas Networks Limited is a wireline and wireless telecom and data networking products company. The Company designs, develops and manufactures products for building high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks. The Companyâs products include xPon based fiber broadband access, converged packet optical, OTN/DWDM, carrier ethernet routing & switching and network management software. It offers TJ1400 OLT, TJ2100 ONT, TJ1400, TJ1600 Micro-OTN, TJ1600OTN/DWDM, TJ1600 Core Switch and TJ1400P-M Series. The Companyâs services include customer services, build services, managed services, consultancy services and nurture services. Its customers include telecommunications service providers, Internet service providers, web-scale Internet companies, utility companies, defense companies and government entities. The Company also exports its products to overseas territories.
TEJAS NETWORKS LIMITED 
