Tejas Networks has hit its 20% upper circuit, reaching ₹1,425.20 per share, reflecting investor confidence following the release of its impressive Q2 FY25 financial results. The company reported a substantial rise in revenue and profitability:
- Revenue: ₹2,811.26 crore in Q2 FY25, up significantly from ₹395.95 crore in Q2 FY24.
- Net Profit Before Tax: ₹410.51 crore, a sharp 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), further strengthening the company’s financial performance.
This turnaround is a testament to Tejas Networks’ strategic focus on core sectors, operational efficiency, and market growth, as reflected in the stock’s upper circuit hit. The robust financials are driving market enthusiasm, positioning the company strongly in the telecom and network infrastructure sectors.
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Tejas Networks