Tejas Networks has allotted 29,212 equity shares under ESOP on 24 December 2024. Consequent to the allotment made on December 24, 2024, the Paid-up Share Capital of the Company stands increased to Rs 1,75,70,69,990 /- divided into 17,57,06,999 equity shares of Rs 10/- each. Powered by Capital Market - Live

Tejas Networks has entered into a three - year contract with Vodafone Idea (VIL) to supply its industry-leading TJ1400 and TJ1600 packet and optical transmission products to augment Vodafone Idea's backhaul capacity and boost network performance across multiple telecom circles in the country.  Jagbir Singh, CTO Vodafone Idea said 'As VIL accelerates its pan-India 4G and 5G rollouts, it is critical to upgrade our backhaul network to be scalable, robust and future-ready to efficiently manage the expected growth in data traffic and rising bandwidth demands. We are pleased to welcome Tejas Networks as our wireline network partner in this journey towards VIL 2.0. Their state-of-the-art PTN and OTN products will play a key role in delivering a superior service experience for our customers.'Powered by Capital Market - Live

Tejas Networks Ltd gained 3.66% today to trade at Rs 1390. The BSE Telecommunication index is up 0.86% to quote at 2952.78. The index is up 3.19 % over last one month. Among the other constituents of the index, Indus Towers Ltd increased 1.53% and Tata Teleservices (Maharashtra) Ltd added 1.49% on the day. The BSE Telecommunication index went up 38.29 % over last one year compared to the 16.46% surge in benchmark SENSEX. Tejas Networks Ltd has added 6.25% over last one month compared to 3.19% gain in BSE Telecommunication index and 2.07% rise in the SENSEX. On the BSE, 14023 shares were traded in the counter so far compared with average daily volumes of 1.07 lakh shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 652.05 on 28 Mar 2024.Powered by Capital Market - Live

Tejas Networks announced that the company will be supplying its industry-leading GPON OLT, ONT and Management System forthe state-led BharatNet Last Mile Connectivity (LMC) project in Tamil Nadu. The project is being implemented by TANFINET (Tamil Nadu FibreNet Corporation), a Special Purpose Vehicle (SPV) set up by the Government of Tamil Nadu with Polycab India (PIL) as the Master System Integrator. The BharatNet LMC project seeks to extend affordable high-speed connectivity to around 50,000 Government institutions, Public Health Centres and Schools from the nearest BharatNet site at Gram Panchayat/Block/District levels. Further, the LMC infrastructure will also be leveraged to provide FTTH (Fiber to the Home) service to rural households in Tamil Nadu through partnerships with local cable operators and telecom service providers.Powered by Capital Market - Live

On a consolidated basis, Tejas Networks reported net profit of Rs 275.18 crore in Q2 September 2024 as against net loss of Rs 12.64 crore in Q2 September 2023. Net sales soared 570.58% to Rs 2655.16 crore in Q2 September 2024 over Q2 September 2023. Profit before tax (PBT) stood at Rs 410.51 crore in Q2 September 2024 as against pre-tax loss of Rs 17.74 crore in Q2 September 2023. The company's order book at the end of Q2FY25 stood at Rs Rs 4,845 crore. Anand Athreya, managing director and CEO of Tejas Networks said, In Q2-FY25 we made record deliveries of 30,000+ 4G sites. we had continued success with GPON and DWDM wins, both in India and globally. We remain focused on expanding our product portfolio and pursuing market opportunities in line with our strategy. Sumit Dhingra, CFO said, In Q2-FY25 we had a strong QoQ and YoY growth with a revenue of 2,811 crore. We ended the quarter with an order book of Rs. 4,845 crore and a net profit of Rs. 275 crore. In this quarter we also completed the merger of Saankhya Labs with Tejas. Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder. Powered by Capital Market - Live

Tejas Networks Ltd rose 20% today to trade at Rs 1427.55. The BSE Telecommunication index is up 1.01% to quote at 3074.32. The index is down 2.54 % over last one month. Among the other constituents of the index, ITI Ltd increased 2.29% and Route Mobile Ltd added 1.86% on the day. The BSE Telecommunication index went up 48.61 % over last one year compared to the 24.84% surge in benchmark SENSEX. Tejas Networks Ltd has added 16.94% over last one month compared to 2.54% fall in BSE Telecommunication index and 3.43% drop in the SENSEX. On the BSE, 3.41 lakh shares were traded in the counter so far compared with average daily volumes of 34911 shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 652.05 on 28 Mar 2024.Powered by Capital Market - Live

Net profit of Tejas Networks reported to Rs 275.18 crore in the quarter ended September 2024 as against net loss of Rs 12.64 crore during the previous quarter ended September 2023. Sales rose 570.58% to Rs 2655.16 crore in the quarter ended September 2024 as against Rs 395.95 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2655.16395.95 571 OPM %20.143.28 - PBDT484.3123.94 1923 PBT410.51-17.74 LP NP275.18-12.64 LP Powered by Capital Market - Live

Tejas Networks will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live

Tejas Networks today announced that Jyotiraditya M. Scindia, Hon'ble Union Minister of Communications and Development of North Eastern Region inaugurated Tejas Center of Excellence for Wireless Communications at their Bangalore Headquarters. As a part of the visit, the Hon'ble Union Minister also launched the company's indigenously designed 32T32R Massive MIMO radio capable of delivering 1+ Gbps download speeds using 5G mid-band spectrum. The 'Tejas Center of Excellence for Wireless Communications' at Tejas Networks seeks to advance research in frontier technologies, standards and architectures that will underpin next-generation mobile networks as they evolve towards 6G and beyond. The Center of Excellence houses state-of-the-art modeling tools and test infrastructure to design, prototype and commercialize innovative wireless products and solutions that will support emerging usage scenarios and applications as envisaged in ITU-R's IMT-2030 (International Mobile Telecommunications) framework. The center currently focuses on contributions in emerging areas such as AI/ML, Integrated Sensing and Communications (ISAC), Massive MIMO, Terahertz Communications, Reconfigurable Intelligent Surfaces (RIS), Sub-band Full Duplex (SBFD) among others. Powered by Capital Market - Live

The domestic equity benchmarks traded sideways in early afternoon trade. The Nifty traded above the 24,550 mark after hitting the day's low of 24,522.95 in mid-morning trade. Oil & gas shares extended gains for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, shed 30.59 points or 0.05% to 80,405.15. The Nifty 50 index rose 17.45 points or 0.07% to 24,558.60. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.45% and the S&P BSE Small-Cap index rallied 1.13%. The market breadth was strong. On the BSE, 2,651 shares rose and 1,260 shares fell. A total of 152 shares were unchanged. Economy: India's forex reserves declined $4.8 billion to $670.119 billion for the week ended August 9, according to the latest RBI data. In the previous reporting week, the country's foreign exchange reserves had increased $7.533 billion to an all-time high of $674.919 billion. For the week ended August 9, foreign currency assets, a major component of the reserves, decreased by $4.079 billion to $587.96 billion. Gold reserves declined by $860 million to $59.239 billion during the week. The special drawing rights (SDRs) were up by $121 million to $18.282 billion. India's reserve position with the IMF increased by $18 million to $4.638 billion in the reporting week, the central bank data showed. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 0.39% to 14.46. The Nifty 29 August 2024 futures were trading at 24,583, at a premium of 24.40 points as compared with the spot at 24,558.60 The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 41.1 lakh contracts at the 24,500 strike price. Maximum Put OI of 52.6 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Oil & Gas index gained 1.53% to 13,198.30. The index rallied 3.04% in two consecutive trading sessions. GAIL (India) (up 2.77%), Mahanagar Gas (up 2.39%), Hindustan Petroleum Corporation (up 2.37%), Bharat Petroleum Corporation (up 2.29%), Aegis Logistics (up 1.93%), Oil & Natural Gas Corporation (up 1.67%), Indian Oil Corporation (up 1.59%), Oil India (up 1.45%), Castrol India (up 1.29%) and Petronet LNG (up 1.19%) advanced. Stocks in Spotlight : Tejas Networks rose 1.13% after the company's wholly owned subsidiary, Saankhya Labs has received an order from NewSpace India for supplying two-way Mobile Satellite Service (MSS) Terminals for various purposes. Strides Pharma Science declined 1.14%. The company informed that it's wholly owned subsidiary, Strides Alathur has received an establishment inspection report (EIR) from the United States Food and Drug Administration (USFDA) for its formulations facility at Alathur, Chennai.Powered by Capital Market - Live