Tejas Networks Q4 FY2024 Result: Revenue Surges by 343%, PAT Skyrockets by 1376%

Key Highlights

• Tejas Network reported a 343.03% increase in its revenue on a YOY basis reaching ₹1326 cr from ₹299 cr for the quarter ending March 2024.
• PAT marked at ₹147 cr for Q4 FY 2024, 1376.52% up on a YOY basis.
• PAT margin was up by 14.91% on a YOY basis.

Business Highlights

• The company’s Profit before Tax (PBT) for the Q4 FY 2024 was ₹232.60 cr, up by 961.48% on a YOY basis.
• Net profit for FY 2024 was ₹63 cr against a negative ₹36.40 cr in FY 2023.
• Net revenue for the Financial Year ending March 2024 was ₹2470.90 cr against ₹921.50 cr a year ago.
• As of December 2023, the company and its subsidiaries filed a total of 445 patents, out of which 313 were granted.

Commenting on the results, Mr. Anand Athreya, Managing Director and CEO, 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.”