Latest news with #TejasNetwork
India.com
21-05-2025
- Business
- India.com
Masterstroke by Noel Tata, this Ratan Tata's company gets Rs 29030000000 order from.., can challenge Mukesh Ambani's…
Tata Consultancy Services (TCS), announced that it has secured an additional Advance Purchase Order (APO) of Rs 2,903 crore from the state-owned telecom company, BSNL. The order is for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites, TCS said in a regulatory filing. If BSNL gets 4G services developed with the help of TCS, it can give tough competition to Mukesh Ambani's Jio in telecom sector. TCS said that detailed purchase orders will be issued by Bharat Sanchar Nigam Limited (BSNL) to the company in due course subject to fulfilment of certain conditions and documentation as mentioned in the APO. Tejas Network said that it has received an order from TCS for the supply of goods and services for BSNL's 4G project. In an exchange filing, Tejas Network said that it will supply Radio Access Network (RAN) and other equipment worth Rs 1,525.53 crore to TCS for this project. TCS CEO K K Krithivasan had said, 'BSNL contract is 70 percent complete which means that its revenue impact will start tapering from Q4 itself. We're looking for multiple opportunities to compensate the revenue gap from this contract.' In April, TCS reported a 2 percent on-year fall in consolidated net profit to Rs 12,224 crore over the current challenges faced by the IT sector globally. TCS' consolidated revenue from operations increased 5.3 percent year-on-year to Rs 64,479 crore in the quarter ending March, as against Rs 61,237 crore in the same quarter a year ago. (With Inputs From PTI)
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Business Standard
30-04-2025
- Business
- Business Standard
Tata group stock trades lower for 6th straight day; slips 15% in 3 days
Tejas Networks share price today: Shares of Tejas Networks slipped 5 per cent to ₹696 on the BSE in Wednesday's intra-day trade, extending their fall after the company reported a loss of ₹71.80 crore in the March quarter of financial year 2024-25 (Q4FY25). Post Q4 results, in the past three trading days, the stock has plunged 15 per cent. The stock is quoting lower for the sixth straight trading day; it has slipped 22 per cent during the period. From its 52-week high level of ₹1,495.10 on June 24, 2024, it has tanked 53 per cent. The stock had hit a 52-week low of ₹647 on March 17, 2025. At 01:08 PM, Tejas Networks was trading 4 per cent lower at ₹701.50, as compared to 0.03 per cent rise in the BSE Sensex. Tejas Network Q4FY25 results Tejas Networks reported a consolidated net loss of ₹71.80 crore in Q4FY25, compared to a net profit of ₹146.78 crore in the same quarter of FY24. Revenues from sales and services grew 54.2 per cent to ₹1,806 crore, from ₹1,171 crore recorded in the corresponding quarter of the previous year. During the quarter, the company's order book stood at ₹1,019 crore, against ₹2,681 crore at the end of December 2024 quarter (Q3FY25). FY26 Outlook The company said that global market trends remain favourable, with strong projected growth across all its product segments. Markets for the company's product segments are projected to grow globally. Domestic opportunity pipeline includes large projects in the government sector. Several new customers and new applications wins in both the private and Government sectors, which are set to expand in FY26. Partnership with NEC gives us access to global customers and joint go-to-market opportunities. Expanded global sales footprint and strategic initial wins will give us a strong momentum for increasing our international business. The Atmanirbhar Bharat Abhiyan of the Government of India (GoI), which is aimed at limiting import dependence and increasing the demand for indigenous products, provides better growth opportunities for the company. ICRA in a rating rationale dated March 31, 2025, notes that moderation in the operating income is likely to put pressure on the company's profit margins. Thus, the addition of the order book remains a key monitorable. Further, Tejas Network's profitability and cash flows are also exposed to foreign exchange rate fluctuation risks. Tejas Networks has also entered into technology collaboration agreements with NEC Corporation, Japan (NEC), for the development of advanced wireless technologies for the global telecom industry. As part of the technology collaboration agreement, it will have to pay ~USD 60 million to NEC over the next one year, as per the milestones. About Tejas Networks Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas is an innovative, leading-edge technology company with a wide range of communication products for 4G/5G, Optical, Routing, Broadcast and Satellite Communication applications. With its unique 'chipset-to-systems' expertise, Tejas' solutions include award-winning SDR chipsets for communications, next-generation Open RAN Solutions for 5G networks, multi-standard direct to mobile (D2M) broadcast and Satcom solutions. Tejas Networks is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.
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Business Standard
28-04-2025
- Business
- Business Standard
Tejas Networks shares tumble 14% after Q4; Here's all you need to know
Shares of Tejas Networks tumbled over 10 per cent in Monday's intraday session after it reported a loss of ₹71.80 crore in the March quarter of the financial year 2024-25. Tejas Network's stock fell as much as 14.37 per cent during the day to ₹735.5 per share. The stock pared losses to trade 10.7 per cent lower at ₹767 apiece, compared to a 0.9 per cent advance in Nifty50 as of 11:35 AM. The company's scrip extended its decline to day four on Monday. Before the crash in the stock today, it recovered by about 38 per cent from its lows of ₹649 per share, which it hit last month. The stock has risen 35 per cent this year, compared to a 2.6 per cent advance in the benchmark Nifty50. Tejas Network has a total market capitalisation of ₹13,498.36 crore. Tejas Network Q4FY25 results: Key numbers here Tejas Networks reported a consolidated net loss of ₹71.80 crore in the fourth quarter of FY25, compared to a net profit of ₹146.78 crore in the same quarter of FY24. Total revenue from operations soared to ₹1,906.94 crore in Q4 FY25, up from ₹1,326.88 crore recorded in the corresponding quarter of the previous year. Profit before tax surged 77.13 per cent to ₹1,960.07 crore in Q4 FY25, compared with ₹1,106.56 crore in Q4 FY24. Cash and cash equivalents stood at ₹827 crore in Q4 FY25, rising from ₹643 crore in Q4 FY24, marking a growth of 28.61 per cent quarter-on-quarter. During the quarter, the company's order book stood at ₹1,019 crore. Tejas Networks management commentary: About Tejas Networks Tejas Networks designs and manufactures wireline and wireless networking products, with a focus on technology, innovation, and research and development. TNL carrier-class products are used by telecom service providers, utilities, governments, and defence networks in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.
