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 audited financial results for the quarter and year ended March 31, 2022 published in the newspapers 'Financial Express' - All India Edition and 'Vishwavani' - Kannada Edition dated April 24, 2022. Q4FY22 Quarterly Result Announced for Tejas Networks Ltd.
Tejas Networks posts a loss of Rs 62.7 crore in Q4FY22 due to global chip supply shortage Telecom Services firm Tejas Networks declares Q4FY22 result: Q4 revenue was Rs. 126.5 crore and FY 22 revenue was Rs. 550.6 crore Q4 loss was Rs. 49.6 crore and FY 22 loss was Rs. 62.7 crore For Q4-FY22, consolidated net revenue was Rs. 126.5 crore, which was a YoY decrease of 37.2%, resulting in a loss before tax of Rs. 95.9 crore as compared to a profit of Rs. 18.5 crore, for corresponding previous period. Loss after tax was Rs. 49.6 crore as compared to profit of Rs. 33.6 crore for corresponding previous period. For FY 22, net revenue was Rs. 550.6 crore, which was a YoY increase of 6.9%, resulting in a loss after tax of Rs. 62.7 crore, as compared to a profit of Rs. 37.5 crore for corresponding previous period. Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are disappointed that our Q4 revenues were below our expectations. This was due to the ongoing global chip supply shortages and despite our best efforts, we could not manufacture enough products to fulfil open orders. However, we continue to see a positive business momentum with strong Q4 order inflow of Rs. 316 crores, increasing our total order book to an all-time high of Rs 1,175 crores. We have already taken advance inventory actions for securing components for our planned revenues for next 12 months and we believe that we will be able to effectively address the challenges of the ongoing semiconductor component shortages. We are also pleased that our 4G Radio Access Network (RAN) equipment, as a part of the indigenous 4G solution, has successfully passed the Proof-of-Concept field tests in the network of a large Indian telecom operator.” Mr. Venkatesh Gadiyar, CFO said, “During Q4, we saw margin pressure due to increase in component prices and lower international revenues. Our cash position continues to be healthy and as on March 31, 2022 our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, were Rs. 1,102 crores and we continue to be a debt-free Company”. Result PDF
Earnings Call for Q4FY22 of Tejas Networks
Conference Call with Tejas Networks Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Tejas Networks posts loss of Rs 49.62 crore in January-March quarter
The company had posted a profit of Rs 33.55 crore in the period a year ago. Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Change in Management
Outcome of Board Meeting - Appointment of Mr. N. Ganapathy Subramaniam (DIN: 07006215) as Non-Executive Chairman of Board of Tejas Networks Limited Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Resignation of Chairman
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Mr. Balakrishnan V (DIN:02825465) has resigned from the position of the Non-Executive Chairman and Independent Director of Tejas Networks Limited (the 'Company') with effect from April 23, 2022. Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation Tejas Networks Ltd - 540595 - Board Meeting Outcome for Board Meeting - April 22, 2022
The Board of Directors of Tejas Networks Limited ('the Company') at their meeting held on Friday, April 22, 2022 at Bengaluru has inter alia considered and approved the attached