Q3 2025 Tejas Networks Ltd Earnings Call Transcript
Key Points
- Tejas Networks Ltd (BOM:540595) reported significant revenue growth with net revenues of INR2,642 crores, marking a substantial increase over the previous fiscal year.
- The company successfully completed supplies for 27,000 sites in the quarter, contributing to a total of over 86,000 sites delivered for BSNL's 4G and 5G networks.
- Tejas Networks Ltd (BOM:540595) signed a three-year contract with Vodafone Idea for supplying equipment for their Pan-India 4G and 5G networks, following extensive testing and qualification.
- The company has been selected as a broadband equipment supplier for state-led last-mile connectivity projects in Tamil Nadu, marking a significant win.
- Tejas Networks Ltd (BOM:540595) expanded its office and manufacturing facilities in Bangalore, doubling its floor space capacity for R&D and manufacturing, and set up a center of excellence for wireless communications.
- The company's margins were lower than the previous quarter due to a change in product mix, provisions for old inventory, and higher depreciation for certain R&D equipment.
- Inventory levels remain high at INR3,127 crores, primarily due to ongoing project execution and procurement for high lead-time items.
- Credit receivables increased to INR4,730 crores, reflecting the high revenue levels over the last few quarters, with collections yet to catch up.
- The international business remains a small percentage of overall revenue, with longer cycles for business conversion into revenue.
- The company faces challenges in converting proof of concepts into actual orders, with significant opportunities expected to convert in Q4 and Q1 of FY26.
Ladies and gentlemen, good day, and welcome to the Pages Networks Limited Q3 FY25 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Mishra from ICICI Securities. Thank you, and over to you, sir.
Good evening, everyone. Thank you for joining on Tejas Networks Limited Q3 FY25 Results Conference Call. We have Tejas Network Management on the call represented by Mr. Arnob Roy, COO and Whole Time Director; Mr. Sumit Dhingra, CFO; and Dr. Kumar Tavarajin, CTO. I would like to invite Mr. Arnab Roy, to initiate with opening remarks, post which we will have a Q&A session. Over to you, sir.
Thank you. Welcome, everyone, to the Q3 FY25 earnings call. I'd like to -- at the outset, I'd like to mention that our CEO, Anand Datria is not doing well and he's been able to join today's call. So we will be taking the call
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
