Bigul

Q1FY23 Quarterly Result Announced for Tejas Networks Ltd.

Telecom Services company Tejas Networks announced Q1FY23 results: For Q1FY23, consolidated net revenue was Rs. 125.8 crore, which was a YoY decrease of 12.8%, resulting in a loss before tax of Rs. 12.9 crore as compared to a profit of Rs. 8.3 crore, for corresponding previous period. Loss after tax was Rs. 6.6 crore as compared to a profit of Rs. 7.6 crore for corresponding previous period. Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We continued to experience supply chain challenges and we could not manufacture enough products to make complete, balanced shipments against our open orders. We are re-engineering our supply chain processes and IT tools, to better manage the unpredictability of component supplies. With these changes, along with our strong order book of Rs 1,158 crores and advance inventory actions, we expect to see better revenue performance in the coming quarters. We continue to increase our R&D; and manufacturing investments for 4G and 5G wireless products and are seeing a good pipeline of business building up". Mr. Venkatesh Gadiyar, CFO said, "During Q1, we saw margin pressure due to industry-wide increase in component prices over last few quarters, which we could not pass on to some of our customers with whom we had agreed for fixed price deals. Our cash position continues to be healthy and as on June 30, 2022 our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, were Rs. 1,739 crore and we continue to be a debt-free Company". Result PDF
25-07-2022
Bigul

Tejas Networks Ltd - 540595 - Outcome Of Board Meeting Held On July 25, 2022

Outcome of Board Meeting held on July 25, 2022
25-07-2022
Bigul

Tejas Networks Ltd - 540595 - Company Update

In continuation to our letters dated March 30, 2022 and July 5, 2022, we would like to inform you that the Company during the period from July 5, 2022 to July 20, 2022, has further acquired 75,979 equity shares through secondary purchase at a price of Rs. 454.19/- per equity share amounting to 0.78% of the equity share capital of Saankhya Labs Private Limited (the 'Saankhya'), on a fully diluted basis for a consideration of Rs. 3.45 crore.
21-07-2022
Bigul

Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the copies of the intimation on the 'Addendum to the Notice of the 22nd Annual General Meeting' published in the newspapers Financial Express (English - All India Edition) and Vishwavani (Kannada Edition) dated July 19, 2022.
19-07-2022
Bigul

Tejas Networks Ltd - 540595 - Addendum To The Notice Of 22Nd Annual General Meeting

Addendum to the Notice of 22nd Annual General Meeting
18-07-2022
Bigul

Tejas Networks Ltd - 540595 - Clarification-Movement In Volume

Clarification-Movement in Volume
15-07-2022
Bigul

Tejas Networks Ltd - 540595 - Board Meeting Intimation for Approve The Unaudited Financial Results For The Quarter Ended June 30, 2022

Tejas Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/07/2022 ,inter alia, to consider and approve The unaudited Standalone and consolidated Financial Results of the Company as per Indian Accounting Standard (IND-AS) for the quarter ended June 30, 2022.
14-07-2022
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