Q1 25 revenue was Rs. 1,563 crore (YoY 731%) and Net Profit was Rs.77 crore
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the first quarter ended June 30, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, “In Q1-FY25 we significantly scaled up our wireless manufacturing capacity and deliveries, leading to approximately 27,000 sites shipped cumulatively. In this quarter we also made releases for new radios in additional 4G bands, for production in Q2. Our wireline business was mainly driven by shipments to our run-rate customers for GPON and DWDM equipment, both in India and globally. We also won strategic deals with an operator in the US for network modernization, and a leading operator in SE Asia for broadband rollout.”
Mr. Sumit Dhingra, CFO said, “In Q1-FY25 we continued our strong QoQ and YoY growth with a revenue of 1,563 crore. We ended the quarter with an order book of Rs. 7,091 crore and a net profit of Rs. 77 crore. We continue to increase investments in R&D and operations which is important for long term growth and value creation. The merger of Saankhya Labs with Tejas is in an advanced stage and the NCLT has reserved the matter for orders.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the first quarter ended June 30, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
| Amount in Rs. Cr | |||
|---|---|---|---|
| Q1-FY25 | Q1-FY24 | FY24 | |
| Net Revenue | 1,536 | 188 | 2,471 |
| PBT | 122 | (66) | 100 |
| PAT | 77 | (26) | 63 |
Mr. Sumit Dhingra, CFO said, “In Q1-FY25 we continued our strong QoQ and YoY growth with a revenue of 1,563 crore. We ended the quarter with an order book of Rs. 7,091 crore and a net profit of Rs. 77 crore. We continue to increase investments in R&D and operations which is important for long term growth and value creation. The merger of Saankhya Labs with Tejas is in an advanced stage and the NCLT has reserved the matter for orders.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has been conferred the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023 in the ‘Telecom Equipment Research and Manufacturing’ category. Instituted by the Department of Telecommunications, Government of India, the awards recognize exemplary and outstanding contributions in the areas of telecom innovations, skilling, services, manufacturing and applications.
The award was presented by Shri Jyotiraditya Scindia, Hon’ble Minister of Communications and Development of North Eastern Region, Government of India at a function organized at The Oberoi, New Delhi yesterday evening. The ceremony was also graced by Dr. Neeraj Mittal, IAS, Chairman DCC & Secretary (T), Department of Telecommunications.
Speaking on the occasion, Dr. Kumar N. Sivarajan, CTO & Co-founder of Tejas Networks said, “We are delighted to win the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award for advancing telecom innovations and equipment manufacturing. As a leading R&D driven telecom and networking company, the award underscores our strong commitment and consistent focus on technology excellence and design-led manufacturing. Over the years, this has enabled us to create a world-class product portfolio spanning wireless, broadband, optical and packet networking technologies, all of which are conceived, designed and manufactured in India. Government of India’s forward-looking policies to promote Atmanirbharta in the telecom sector are helping us to further enhance our R&D and manufacturing capabilities to achieve global scale.”
The award was presented by Shri Jyotiraditya Scindia, Hon’ble Minister of Communications and Development of North Eastern Region, Government of India at a function organized at The Oberoi, New Delhi yesterday evening. The ceremony was also graced by Dr. Neeraj Mittal, IAS, Chairman DCC & Secretary (T), Department of Telecommunications.
Speaking on the occasion, Dr. Kumar N. Sivarajan, CTO & Co-founder of Tejas Networks said, “We are delighted to win the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award for advancing telecom innovations and equipment manufacturing. As a leading R&D driven telecom and networking company, the award underscores our strong commitment and consistent focus on technology excellence and design-led manufacturing. Over the years, this has enabled us to create a world-class product portfolio spanning wireless, broadband, optical and packet networking technologies, all of which are conceived, designed and manufactured in India. Government of India’s forward-looking policies to promote Atmanirbharta in the telecom sector are helping us to further enhance our R&D and manufacturing capabilities to achieve global scale.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the fourth quarter ended March 31, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, “Q4-FY24 has been a milestone quarter for the company. With our strong revenue growth, we have achieved the scale in our business that reflects in our profitability in line with the significant investments that we have made during FY24. We not only ramped up BSNL’s 4G/5G RAN shipments, but also completed the delivery of the large volume of IP/MPLS routers for the backhaul network. During Q4, we were granted 22 patents, taking our total patent count to 335.”
Mr. Sumit Dhingra, CFO said, “Our consolidated revenue for Q4-FY24 and FY24 were significantly higher than the corresponding numbers in FY23. During FY24 we have made major investments to ramp up our R&D team and operations which are essential to deliver the growth potential of the company. We completed FY24 with a net profit of Rs. 63 crore, a strong order book of Rs. 8,221 crore.” As on December 31, 2023, Tejas and its subsidiaries have filed for 445 patents of which 313 have been granted.
| Amount in Rs. cr | ||||
|---|---|---|---|---|
| Q4-FY24 | Q4-FY23 | FY24 | FY23 | |
| Net Revenue | 1,326.9 | 299.3 | 2,470.9 | 921.5 |
| PBT | 232.6 | (27.0) | 100.2 | (42.7) |
| PAT | 146.8 | (11.5) | 63.0 | (36.4) |
Mr. Sumit Dhingra, CFO said, “Our consolidated revenue for Q4-FY24 and FY24 were significantly higher than the corresponding numbers in FY23. During FY24 we have made major investments to ramp up our R&D team and operations which are essential to deliver the growth potential of the company. We completed FY24 with a net profit of Rs. 63 crore, a strong order book of Rs. 8,221 crore.” As on December 31, 2023, Tejas and its subsidiaries have filed for 445 patents of which 313 have been granted.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for Fiber-to-the-Home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region.
Hon’ble Dr. Amr Talaat, Minister of Communications and Information Technology of Egypt said, “Today’s MoU with Tejas Networks is one of the fruits of discussions that began in January 2023 to enhance cooperation between Egypt and India in the field of communications and information technology. It is a comprehensive agreement that seeks to promote localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.”
Speaking on the occasion, Eng. Mohamed Nasr El-Din, CEO and Managing Director of Telecom Egypt said, “We are delighted to enter into a long-term strategic partnership with Tejas Networks, India’s leading R&D-driven telecom and networking products company and a part of the Tata Group. Telecom Egypt has been consistently working towards enhancing its network infrastructure and developing its technical capabilities through cooperation with the largest companies in the world. The present MoU is aimed at providing Telecom Egypt with the latest communications technology in the world while ensuring that it provides the highest quality of infrastructure services.”
Mr. Anand Athreya, CEO and Managing Director of Tejas Networks said, “Our MoU with Telecom Egypt is an important milestone for both organizations as we jointly strive to accelerate the vision of a Digital Egypt by leveraging the best practices and learnings from Tejas’s experience of successfully designing and delivering 500+ complex, carrier-class networks in India and beyond. We are committed to serving as a trusted advisor and technology partner for Egypt’s digital transformation journey while nurturing its local ecosystem in telecom manufacturing, R&D, network planning, installation and maintenance.”
Mr. Yogesh Verma, Vice President, Middle East and Africa (MEA) said, “Tejas has been operating in MEA for over a decade now and has extensive knowledge and insights about the local requirements and operating conditions to roll out cost-effective and scalable networks. Moreoever, with our recent commercialization of 4G & 5G RAN products, the company now has an end-to-end portfolio to build both fixed and mobile networks. This MoU provides a great platform for us to expand our business in MEA while deepening our collaboration with Telecom Egypt and other customers in the country.”
About Telecom Egypt (WE)
Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables. The company also owns a 45% stake in Vodafone Egypt.
For more information, visit Telecom Egypt at https://www.te.eg
Hon’ble Dr. Amr Talaat, Minister of Communications and Information Technology of Egypt said, “Today’s MoU with Tejas Networks is one of the fruits of discussions that began in January 2023 to enhance cooperation between Egypt and India in the field of communications and information technology. It is a comprehensive agreement that seeks to promote localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.”
Speaking on the occasion, Eng. Mohamed Nasr El-Din, CEO and Managing Director of Telecom Egypt said, “We are delighted to enter into a long-term strategic partnership with Tejas Networks, India’s leading R&D-driven telecom and networking products company and a part of the Tata Group. Telecom Egypt has been consistently working towards enhancing its network infrastructure and developing its technical capabilities through cooperation with the largest companies in the world. The present MoU is aimed at providing Telecom Egypt with the latest communications technology in the world while ensuring that it provides the highest quality of infrastructure services.”
Mr. Anand Athreya, CEO and Managing Director of Tejas Networks said, “Our MoU with Telecom Egypt is an important milestone for both organizations as we jointly strive to accelerate the vision of a Digital Egypt by leveraging the best practices and learnings from Tejas’s experience of successfully designing and delivering 500+ complex, carrier-class networks in India and beyond. We are committed to serving as a trusted advisor and technology partner for Egypt’s digital transformation journey while nurturing its local ecosystem in telecom manufacturing, R&D, network planning, installation and maintenance.”
Mr. Yogesh Verma, Vice President, Middle East and Africa (MEA) said, “Tejas has been operating in MEA for over a decade now and has extensive knowledge and insights about the local requirements and operating conditions to roll out cost-effective and scalable networks. Moreoever, with our recent commercialization of 4G & 5G RAN products, the company now has an end-to-end portfolio to build both fixed and mobile networks. This MoU provides a great platform for us to expand our business in MEA while deepening our collaboration with Telecom Egypt and other customers in the country.”
About Telecom Egypt (WE)
Telecom Egypt is the first total telecom operator in Egypt providing all telecom services to its customers including fixed and mobile voice and data services. Telecom Egypt has a long history serving Egyptian customers for over 160 years maintaining a leadership position in the Egyptian telecom market by offering the most advanced technology, reliable infrastructure solutions and the widest network of submarine cables. The company also owns a 45% stake in Vodafone Egypt.
For more information, visit Telecom Egypt at https://www.te.eg
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company has won the prestigious 2023 Voice and Data Excellence award in the “Make in India” category for its state-of-the-art TJ1400 Access and Aggregation Routers. The award was conferred at the 23rd edition of Voice and Data’s Telecom Leadership Forum held in New Delhi earlier today.
Arnob Roy, COO & Executive Director of Tejas Networks said, “We are delighted to win the prestigious Voice and Data award for our Carrier Routing products which is a strong endorsement of our world-class capabilities in a highly complex and critical technology area. The advent of 5G, coupled with an accelerated adoption of multi-gigabit home broadband and enterprise cloud services, has significantly expanded the addressable market for our high-capacity packet switching and routing products. Our terabit-scale access and aggregation routers are designed with several innovative features to enable service providers to build high-performance and cost-efficient IP networks. Based on our pioneering Software-defined Hardware™ architecture, TJ1400’s novel ultra-converged broadband architecture is powering large-scale 4G/5G mobile RAN, backhaul and broadband rollouts globally.”
Arnob Roy, COO & Executive Director of Tejas Networks said, “We are delighted to win the prestigious Voice and Data award for our Carrier Routing products which is a strong endorsement of our world-class capabilities in a highly complex and critical technology area. The advent of 5G, coupled with an accelerated adoption of multi-gigabit home broadband and enterprise cloud services, has significantly expanded the addressable market for our high-capacity packet switching and routing products. Our terabit-scale access and aggregation routers are designed with several innovative features to enable service providers to build high-performance and cost-efficient IP networks. Based on our pioneering Software-defined Hardware™ architecture, TJ1400’s novel ultra-converged broadband architecture is powering large-scale 4G/5G mobile RAN, backhaul and broadband rollouts globally.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that the company has received Rs 27.78 crore as incentives for the fiscal year 2022-’23 under the PLI (Production-Linked Incentive) Scheme for Telecom and Networking Products. The said amount accounts for 85% of the total claim for FY23 and the balance 15% is expected to be released subsequently in accordance with the PLI Scheme Guidelines.
Mr. Anand Athreya, CEO and Managing Director of Tejas Networks said, “We thank the Empowered Committee for PLI Scheme, Department of Telecommunications (DoT) and SIDBI for approving our incentive application for FY23. Government of India’s design-linked PLI is an excellent scheme that has given a massive boost to indigenous telecom R&D and manufacturing by kickstarting a virtuous cycle of domestic innovation in this sector. As the country’s leading home-grown telecom and networking products company, we continue to make the committed R&D and other capital investments to scale-up our business globally and accelerate our vision to be a top-tier telecom OEM in the next few years.
The company is eligible to receive design-linked PLI incentives for five years, starting with fiscal year 2022-’23, on meeting the minimum cumulative investment of Rs 750 crore committed during the scheme period. As per the scheme guidelines, the quantum of incentives in each year will be a proportion of the company’s incremental net sales of the approved products under the scheme generated in that year over the net eligible sales done in the baseline year (2019-’20).
Mr. Anand Athreya, CEO and Managing Director of Tejas Networks said, “We thank the Empowered Committee for PLI Scheme, Department of Telecommunications (DoT) and SIDBI for approving our incentive application for FY23. Government of India’s design-linked PLI is an excellent scheme that has given a massive boost to indigenous telecom R&D and manufacturing by kickstarting a virtuous cycle of domestic innovation in this sector. As the country’s leading home-grown telecom and networking products company, we continue to make the committed R&D and other capital investments to scale-up our business globally and accelerate our vision to be a top-tier telecom OEM in the next few years.
The company is eligible to receive design-linked PLI incentives for five years, starting with fiscal year 2022-’23, on meeting the minimum cumulative investment of Rs 750 crore committed during the scheme period. As per the scheme guidelines, the quantum of incentives in each year will be a proportion of the company’s incremental net sales of the approved products under the scheme generated in that year over the net eligible sales done in the baseline year (2019-’20).
