Tejas Networks reported a net loss of Rs 71.80 crore for the quarter ended March 2025, compared with a net profit of Rs 146.78 crore in the same period a year earlier. This marked the company’s first quarterly loss after four consecutive profitable quarters.
While total revenue from operations surged to Rs 1,906.94 crore from Rs 1,326.88 crore a year ago, profitability was dragged down by a sharp fall in margins. Earnings before interest, tax, depreciation and amortisation (EBITDA) slumped to Rs 21 crore from Rs 306.42 crore reported in the base quarter.
During the March quarter, the company made a provision of Rs 117 crore for inventory obsolescence and write-downs, taking the full-year provision to Rs 181 crore. The telecommunications equipment maker also wrote off Rs 22 crore of expenses related to intangible assets under development.
Trade receivables rose to Rs 4,884 crore, reflecting higher shipments during the quarter. Borrowings stood at Rs 3,269 crore, mostly for working capital purposes.
Tejas Networks had announced its results after market hours on Friday, with the shares closing nearly 3% lower that day at Rs 859.85. The stock has fallen about 25.6% in the past year and nearly 11% over the past week. It is down nearly 50% from its 52-week high of Rs 1,495.
Outlook and technical indicators
Despite the weak quarterly performance, Tejas Networks said its domestic opportunity pipeline for financial year 2026 includes a large project in the government sector, with customer and application expansions expected across both private and public markets. It is also working to broaden its global sales footprint.
On the technical front, the stock is trading below all eight of its key simple moving averages, including the 50-day, 100-day, 150-day and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 55.9, indicating neutral momentum.
Also read | Tejas Networks gets Rs 189.1 cr from govt as PLI incentive for FY25
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