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Tejas Networks reports dismal Q4 outcome

26-Apr-25 11:54 Hrs IST

Total revenue from operations soared to Rs 1,906.94 crore in Q4 FY25 from Rs 1,326.88 crore recorded in the corresponding quarter the previous year.

Profit before tax surged 77.13% to 1,960.07 crore in Q4 FY25, compared with Rs 1,106.56 crore in Q4 FY25.

Cash and cash equivalents were at Rs 827 crore in Q4 FY25, up from Rs 643 crore in Q4 FY24, registering a growth of 28.61% QoQ. During the quarter, the company's order book stood at Rs 1,019 crore.

On a full-year basis, the company's net profit zoomed 609.52% to 447 crore on a 261.10% surge in revenue from operations to Rs 8,923 in FY25 over FY24.

In FY26, excluding other operating revenue, the company stated it is poised for strong growth driven by a significantly expanded product portfolio in FY25, which has substantially increased its addressable market. Key technological advancements include support for 5G across multiple spectrum bands and the enhancement of the portfolio with advanced 5G massive MIMO (maMIMO) radios. The company also highlighted the strategic acquisition of a field-proven 4G/5G core, further strengthening its end-to-end offering. Additionally, there has been a notable expansion in the IP/MPLS router family, enhancement of the optical portfolio with next-generation 800G/1.2T DWDM systems, and the introduction of XGSPON products in the FTTx portfolio.

The company stated that global market trends remain favorable, with strong projected growth across all its product segments. Domestically, the opportunity pipeline includes several large-scale government projects, along with new customer acquisitions and application wins in both public and private sectors, which are expected to drive further expansion in FY26. The company emphasized that its strategic partnership with NEC provides access to global customers and enables joint go-to-market strategies. With an expanded international sales footprint and key initial wins in overseas markets, the company stated it is well-positioned to build momentum and scale its global business in the coming year.

Anand Athreya, managing director and CEO of Tejas Networks, said, In Q4-FY25 we completed deliveries of 100,000+ sites for the BSNL 4G/5G network, which is one of the largest single-vendor RAN networks delivered in record time. We had key wins for our leading-edge optical, PTN, and FTTx products in mobile backhaul, broadband services, and power utility networks. During the quarter we signed a technology collaboration agreement with NEC for development and marketing of advanced RAN technologies and joint go-to-market.

Sumit Dhingra, CFO, said, In Q4-FY25 we had strong YoY growth with revenue of Rs 1,907 crore. We ended the quarter with an order book of Rs. 1,019 crore and a net loss of Rs. 72 crore due to increased investments in R&D and one-time charges in certain inventory and R&D expenses. We ended FY25 with revenue of Rs 8,923 crore and net profit of Rs 447 crore, a significant growth over FY24.

Meanwhile, the board has recommended a dividend of 25% (Rs 2.5/share), subject to the approval of the shareholders.

Tejas Networks designs and manufactures wireline and wireless networking products, with a focus on technology, innovation, and R&D. TNL carrier-class products are used by telecom service providers, utilities, governments, and defense networks in 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 declined 2.89% to end at Rs 859.85 on Friday, 25 April 2025.