Tejas Networks Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 06:43 pm IST
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Tejas Networks Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,599.6 million compared to INR 2,745.5 million a year ago. Revenue was INR 5,751.2 million compared to INR 2,955.5 million a year ago. Net loss was INR 448.7 million compared to INR 151.5 million a year ago. Basic loss per share from continuing operations was INR 2.64 compared to INR 0.99 a year ago. Diluted loss per share from continuing operations was INR 2.64 compared to INR 0.99 a year ago.
For the nine months, sales was INR 11,438 million compared to INR 6,202.5 million a year ago. Revenue was INR 11,964.1 million compared to INR 6,799.9 million a year ago. Net loss was INR 838 million compared to INR 249.5 million a year ago. Basic loss per share from continuing operations was INR 4.95 compared to INR 1.65 a year ago. Diluted loss per share from continuing operations was INR 4.95 compared to INR 1.65 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.