
Tejas Networks Limited has reported its unaudited financial results for the third quarter ended December 31, 2024. The company recorded a decline in revenue and profitability on a quarter-on-quarter (QoQ) basis but showcased significant improvement in its year-on-year (YoY) performance.
Key Highlights:
- Revenue from operations:
- Rs 2,642 crore in Q3 FY25, a 6% drop from Rs 2,811 crore in Q2 FY25.
- Increased significantly YoY from Rs 560 crore in Q3 FY24, marking a 371% growth.
- Net profit:
- Rs 165 crore in Q3 FY25, down from Rs 275 crore in Q2 FY25.
- A strong improvement YoY, as the company reported a net loss of Rs 44.87 crore in Q3 FY24.
- Total expenses: Rs 2,444 crore, slightly higher than Rs 2,411 crore in the previous quarter.
- Other income: Rs 13.74 crore, up from Rs 10.61 crore in Q2 FY25.
Analysis:
The company’s YoY revenue growth highlights its successful efforts to scale operations compared to the same period last year. However, the sequential decline in revenue and net profit is attributed to lower sales volumes in Q3 compared to Q2 FY25. Tejas Networks continues to focus on operational efficiencies and cost management to drive profitability.
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