Tejas Networks Limited has reported its unaudited consolidated financial results for the quarter ended September 30, 2024. The company recorded a significant improvement in both revenue and net profit compared to the previous year, showcasing a robust financial performance in Q2 FY25.
Key Financial Highlights (Q2 FY25):
- Total income from operations: ₹2,811.26 crore, marking a substantial increase compared to ₹395.95 crore in Q2 FY24.
- Net profit before tax: ₹410.51 crore, a sharp turnaround from the loss of ₹17.74 crore in the same quarter last year.
- Net profit after tax: ₹275.18 crore, compared to a loss of ₹12.64 crore in Q2 FY24.
- Total comprehensive income: ₹274.53 crore, showing significant recovery from the comprehensive loss of ₹10.59 crore in the previous year’s corresponding quarter.
- Earnings per share (EPS): The basic earnings per share stood at ₹16.06, while the diluted EPS was reported at ₹15.75.
Six-Month Period Performance:
For the six months ending September 30, 2024, Tejas Networks also showed impressive growth:
- Total income from operations: ₹4,374.03 crore, up from ₹584.08 crore in the previous period.
- Net profit before tax: ₹532.06 crore, highlighting the company’s turnaround from the loss of ₹83.62 crore recorded in the same six-month period last year.
- Net profit after tax: ₹352.66 crore, a significant improvement from the loss of ₹38.93 crore in the prior year’s period.
- Total comprehensive income: ₹350.85 crore.
Tejas Networks continues to strengthen its financial position with strong operational performance, driven by a combination of increased revenue and a turnaround in profitability. The company’s efforts to improve operational efficiency and its focus on core sectors appear to be paying off, reflecting positively in the quarterly and half-year results.
