Q2 2025 Tejas Networks Ltd Earnings Call Transcript
Key Points
- Tejas Networks Ltd (BOM:540595) reported its highest-ever quarterly revenue of INR2,811 crore, with a profit after tax of INR275 crore.
- The company has significantly ramped up its wireless business, shipping over 30,000 sites this quarter and more than 58,000 sites cumulatively to BSNL networks.
- Tejas Networks Ltd (BOM:540595) has been selected for PTN and DWDM equipment by a Tier 1 telco in India for 4G and 5G network capacity expansion.
- The company is seeing good traction in international markets, with new customer wins in the Americas and Africa, and has received initial orders for network modernization in the US.
- Tejas Networks Ltd (BOM:540595) completed its merger with Saankhya Labs, potentially enhancing its product offerings and market reach.
- The company's working capital has increased by about INR100 crore, and its borrowing position stands at INR2,768 crore.
- International business saw a decline due to timing issues with shipments, contributing only 3% to overall revenues.
- The India government business declined by 4% of revenues year-over-year, mainly due to the tail end of contracts.
- The company faces challenges in securing private sector deals in India, as many operators prefer existing vendors for network upgrades.
- Tejas Networks Ltd (BOM:540595) does not provide specific revenue guidance, creating uncertainty about future financial performance.
Ladies and gentlemen, good day. And welcome to the Tejas Networks Limited Q2 FY25 earnings conference call hosted by ICICI Securities. (Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr. Sanjesh Jain from ICICI Securities. Thank you and over to you, sir.
Thanks, Sagar. Good evening everyone. Thank you for joining on Tejas Networks Limited second quarter FY25 results conference call. We have Tejas Networks management on call represented by Mr. Anand Athreya, Chief Executive Officer and Managing Director; Mr. Arnob Roy, Chief Operating Officer and Full Time Director; Mr. Sumit Dhingra, Chief Financial Officer; Dr. Kumar N. Sivarajan, Chief Technology Officer. I would like to invite Mr. Arnob to initiate the call with his opening remarks post which, we will have a Q&A session. Over to you, sir.
Yeah, thank you.
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