Tejas Networks Limited has witnessed a remarkable surge in its market capitalization today, as the stock hit its 20% upper circuit at ₹1,425.20 per share, reflecting a strong investor response to its stellar Q2 FY25 financial performance. This surge has led to an impressive market cap gain of over ₹3,000 crore, pushing the company’s total market capitalization to ₹23,119.32 crore.
The stock’s rally comes on the back of robust Q2 FY25 results, showcasing significant growth in both revenue and profitability:
- Revenue: ₹2,811.26 crore in Q2 FY25, marking a substantial increase from ₹395.95 crore in the corresponding quarter of the previous year.
- Net Profit Before Tax: ₹410.51 crore, representing a major turnaround from a loss of ₹17.74 crore in Q2 FY24.
- Net Profit After Tax: ₹275.18 crore, compared to a loss of ₹12.64 crore in the same period last year.
- EBIT Margin: Improved by 550 basis points quarter-on-quarter (QoQ), signaling enhanced operational efficiency.
Tejas Networks’ strong financial performance has underscored its successful focus on core sectors and operational improvements, driving significant market enthusiasm. As the telecom and network infrastructure sectors continue to grow, the company’s strategic initiatives are paying off, with this 20% upper circuit marking a significant milestone in its market trajectory.
Investors are showing increasing confidence in Tejas Networks, positioning it as a strong player in the telecom equipment and accessories industry, with the potential for continued growth in the coming quarters.
