In This Article:
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Revenue: INR2,655 crore for the quarter, 1.8x the previous quarter and 6.7x the year before.
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Profit After Tax: INR275 crore.
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EBITDA: INR459 crore.
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Order Book: INR4,845 crore at the end of Q2.
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Inventory: INR3,411 crore at the end of the quarter.
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Receivables: INR3,758 crore, increased due to higher shipments.
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Cash Collection: INR1,400 crore during the period.
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Borrowings: INR2,768 crore.
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Cash Position: INR583 crore.
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India Private Revenue: 93% of total revenue, dominated by BSNL shipments.
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India Government Revenue: 4% of total revenue, declined year-over-year by 5%.
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International Revenue: 3% of total revenue, with key shipments to Africa and South Asia.
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Closing Backlog: INR4,800 crore, with INR4,600 crore in India and INR200 crore internationally.
Release Date: October 18, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Tejas Networks Ltd (BOM:540595) reported its highest-ever quarterly revenue of INR2,811 crore, with a profit after tax of INR275 crore.
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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.
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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.
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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.
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Tejas Networks Ltd (BOM:540595) completed its merger with Saankhya Labs, potentially enhancing its product offerings and market reach.
Negative Points
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The company's working capital has increased by about INR100 crore, and its borrowing position stands at INR2,768 crore.
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International business saw a decline due to timing issues with shipments, contributing only 3% to overall revenues.
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The India government business declined by 4% of revenues year-over-year, mainly due to the tail end of contracts.
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The company faces challenges in securing private sector deals in India, as many operators prefer existing vendors for network upgrades.
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Tejas Networks Ltd (BOM:540595) does not provide specific revenue guidance, creating uncertainty about future financial performance.
Q & A Highlights
Q: Do you see the current level of execution sustaining in the upcoming quarters? A: We don't provide revenue guidance, but our business pipeline and order book are strong, which should support continued execution.