Tejas Networks Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Tejas Networks Ltd reported a 5.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 361.8%.
- Its expenses for the quarter were up by 1.4% QoQ and 291.8% YoY.
- The net profit decreased 39.8% QoQ and decreased 469.2% YoY.
- The earnings per share (EPS) of Tejas Networks Ltd stood at 9.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2655.98 | 2821.87 | 575.12 | -5.9% | 361.8% |
Total Expenses | 2444.71 | 2411.36 | 623.89 | 1.4% | 291.8% |
Profit Before Tax | 211.27 | 410.51 | -48.77 | -48.5% | -533.2% |
Tax | 45.60 | 135.33 | -3.90 | -66.3% | -1269.2% |
Profit After Tax | 165.67 | 275.18 | -44.87 | -39.8% | -469.2% |
Earnings Per Share | 9.20 | 15.80 | -2.60 | -41.8% | -453.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Tejas Networks Ltd is a leading provider in the telecommunications industry, primarily focusing on the design, development, and sale of optical and data networking products. The company serves a global market, offering products that support high-speed data transmission for telecommunication service providers, utilities, and enterprises. Tejas Networks has been at the forefront of innovation in the realm of networking solutions, leveraging its expertise to cater to both domestic and international markets. Recent developments in the company include an increased focus on expanding its product portfolio to cater to the growing demand for high-speed internet and enhanced connectivity solutions, although specific recent events or strategic shifts are not detailed in the provided data.
Revenue
For the quarter ending in Q3FY25, Tejas Networks Ltd reported a total income of ₹2655.98 crores. This represents a quarter-over-quarter (QoQ) decrease of 5.9% compared to ₹2821.87 crores in Q2FY25. However, on a year-over-year (YoY) basis, there is a significant increase of 361.8% from ₹575.12 crores in Q3FY24. This notable YoY growth suggests a substantial improvement in revenue generation compared to the previous year, reflecting the company's ability to scale its operations and capture a larger market share over the year.
Profitability
In terms of profitability, the company recorded a profit before tax of ₹211.27 crores in Q3FY25, which is a decrease of 48.5% from ₹410.51 crores in Q2FY25. This downturn is significant, indicating a reduction in profitability on a sequential basis. On a YoY basis, the profit before tax has improved substantially from a loss of ₹48.77 crores in Q3FY24, marking a positive swing in financial performance. The profit after tax for Q3FY25 stands at ₹165.67 crores, down by 39.8% QoQ from ₹275.18 crores in Q2FY25. Yet, this is a substantial improvement from a loss of ₹44.87 crores in Q3FY24. The earnings per share (EPS) for the quarter is ₹9.20, down by 41.8% from the previous quarter, but a considerable improvement from a negative EPS of ₹2.60 in the same quarter last year.
Operating Metrics
The total expenses reported for Q3FY25 were ₹2444.71 crores, showing a minor increase of 1.4% QoQ from ₹2411.36 crores in Q2FY25. Year-over-year, total expenses have risen by 291.8% from ₹623.89 crores in Q3FY24. The increase in expenses on a YoY basis aligns with the company's expanded operations and increased revenue. The tax expenses for the quarter were ₹45.60 crores, which is a decrease of 66.3% from ₹135.33 crores in the previous quarter, and a shift from a tax benefit of ₹3.90 crores in Q3FY24 to a tax expense, indicating a change in the company's tax position. These metrics reflect the dynamic changes in operational activities over the year and between quarters.
