Tejas Networks (BSE: 540595, NSE: TEJASNET) today reported its financial results for the third quarter and nine months ended December 31, 2017. Tejas Networks designs, develops, manufactures and Sells high-performance and cost-competitive optical and data networking products, which are used to build high-speed communication networks over optical fiber.
On a Sequential basis, for C3’18 our consolidated revenues (net of taxes and pass-through component sale to our contract manufacturers) grew by 5.2% to Rs. 226.15 crore. Our operating profit grew by 21.7% and net profit after tax by 12.2%. As a percentage of consolidated revenues (net of taxes and pass-through component Sale) our operating margin was 15.7% in O318 compared to 13.6% in O2’18 and our net profit after tax was 13.3% as compared to net profit of 12.5% in the previous quarter.
For the nine month period ended December 31, 2017, our revenues (net of taxes and pass-through component Sale) were Rs. 641.16 crore which was a growth of 13.5% year-on-year, our operating profits grew by 22.1% year-on-year and our net profit (before exceptional item) grew by 37.4% year-on-year.
For the quarter ended December 31, 2017, our consolidated revenues (net of taxes and pass-through Component Sale) declined by 11.0% year-on-year and our operating profits declined by 29.0% and net profit (before exceptional item) declined by 28.5% year-on-year.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “Globally, there is a robust demand for optical transmission equipment, driven by increased usage of mobile data as well as broadband by consumers, businesses and governments. With expansion of 4G networks and advent of 5G networks in future, we expect that this trend will Continue for the next few years”. He added “We continue to see strong growth led by India, particularly driven by government-funded projects. We see greater opportunities in large telecom projects, however, Some of these projects are getting shifted to the next financial year. Due to this, we expect our revenue growth during the current financial year to be around 5%”.
Mr. Venkatesh Gadiyar, CFO said, “As a technology product company, we continue to see the benefits of operating leverage, which is reflected in our strong profitability growth on a Nine months basis. For the nine months ended, our net profit after tax was Rs. 77.45 crore and we generated cash of Rs. 179.18 crore from operations. We are a debt-free Company and our current cash and cash equivalent including investment in liquid mutual funds was Rs 449.50 crore.”
During the quarter, Tejas won many awards, including “Best performing equipment supply partner for Bharatnet Phase-1” from Minister of Communications (Independent Charge) Government of India, “High Growth Electronic Hardware Exporter” from Software Technology Parks of India, Karnataka and “Digital India Excellence Award for Electronics Manufacturing”, at the PAN-IIM World Management Conference.
On a Sequential basis, for C3’18 our consolidated revenues (net of taxes and pass-through component sale to our contract manufacturers) grew by 5.2% to Rs. 226.15 crore. Our operating profit grew by 21.7% and net profit after tax by 12.2%. As a percentage of consolidated revenues (net of taxes and pass-through component Sale) our operating margin was 15.7% in O318 compared to 13.6% in O2’18 and our net profit after tax was 13.3% as compared to net profit of 12.5% in the previous quarter.
For the nine month period ended December 31, 2017, our revenues (net of taxes and pass-through component Sale) were Rs. 641.16 crore which was a growth of 13.5% year-on-year, our operating profits grew by 22.1% year-on-year and our net profit (before exceptional item) grew by 37.4% year-on-year.
For the quarter ended December 31, 2017, our consolidated revenues (net of taxes and pass-through Component Sale) declined by 11.0% year-on-year and our operating profits declined by 29.0% and net profit (before exceptional item) declined by 28.5% year-on-year.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “Globally, there is a robust demand for optical transmission equipment, driven by increased usage of mobile data as well as broadband by consumers, businesses and governments. With expansion of 4G networks and advent of 5G networks in future, we expect that this trend will Continue for the next few years”. He added “We continue to see strong growth led by India, particularly driven by government-funded projects. We see greater opportunities in large telecom projects, however, Some of these projects are getting shifted to the next financial year. Due to this, we expect our revenue growth during the current financial year to be around 5%”.
Mr. Venkatesh Gadiyar, CFO said, “As a technology product company, we continue to see the benefits of operating leverage, which is reflected in our strong profitability growth on a Nine months basis. For the nine months ended, our net profit after tax was Rs. 77.45 crore and we generated cash of Rs. 179.18 crore from operations. We are a debt-free Company and our current cash and cash equivalent including investment in liquid mutual funds was Rs 449.50 crore.”
During the quarter, Tejas won many awards, including “Best performing equipment supply partner for Bharatnet Phase-1” from Minister of Communications (Independent Charge) Government of India, “High Growth Electronic Hardware Exporter” from Software Technology Parks of India, Karnataka and “Digital India Excellence Award for Electronics Manufacturing”, at the PAN-IIM World Management Conference.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase-1 project. BharatNet is an ambitious Government of India project to bring high-speed broadband connectivity to 250,000 gram panchayats of the country. Tejas Networks was felicitated for its contribution to the success of BharatNet Phase-1 by Shri Manoj Sinha, Hon’ble Minister of State for Communications (Independent Charge) and Minister of State for Railways at a function organized by Bharat Broadband Network Limited (BBNL) at India Habitat Centre, New Delhi yesterday.
Speaking on the occasion, Hon’ble Minister Shri Manoj Sinha said, “I am very happy with the performance and commitment of Tejas Networks. They have done a commendable job in contributing to the success of Phase-I by supplying and installing their GPON equipment in a short period of time. It is a matter of pride that Bharatnet has been successfully implemented using indigenous products and technology and is a strong endorsement of our Government’s supportive policies for Make-in-India and using design-led manufacturing.”
Congratulating Tejas Networks for their role in the success of BharatNet Phase-1, Smt. Aruna Sundararajan, Secretary DoT and Chairman Telecom Commission said, “Tejas Networks is one of the most promising telecom product companies in India and the manner in which they have supported the rollout of this project has been outstanding and we hope to see this company achieve greater heights in the days to come.”
Mr. Sanjay Nayak, CEO & MD, Tejas Networks said, “We are honored to be a partner for Bharatnet, a prestigious project of Government of India, which will serve as the high-speed backbone of Digital India. Bharatnet is one of the largest greenfield rollouts of a GPON–based broadband network in the world and we are delighted that we have supplied and successfully deployed our GPON equipment in over 40,000 locations, spanning over 16 states spread across the country, in record time.” He further added, “Our GPON products have been completely designed and manufactured in India and Bharatnet is a great example of a successful public-private partnership that exemplifies Government of India’s “Digital India” and “Make-in-India” initiatives.”
Mr. Arnob Roy, President of Optical Products at Tejas Networks said, “We have been investing significant resources in R&D for creating world-class products that are specifically suited for India and other emerging markets. For the BharatNet project, we have used our award winning TJ1400 GPON product, which is a ruggedized equipment that can operate under challenging environmental conditions. It enables flexible, scalable and cost-effective delivery of both high-speed broadband access and packet transport services from the same platform.”
Speaking on the occasion, Hon’ble Minister Shri Manoj Sinha said, “I am very happy with the performance and commitment of Tejas Networks. They have done a commendable job in contributing to the success of Phase-I by supplying and installing their GPON equipment in a short period of time. It is a matter of pride that Bharatnet has been successfully implemented using indigenous products and technology and is a strong endorsement of our Government’s supportive policies for Make-in-India and using design-led manufacturing.”
Congratulating Tejas Networks for their role in the success of BharatNet Phase-1, Smt. Aruna Sundararajan, Secretary DoT and Chairman Telecom Commission said, “Tejas Networks is one of the most promising telecom product companies in India and the manner in which they have supported the rollout of this project has been outstanding and we hope to see this company achieve greater heights in the days to come.”
Mr. Sanjay Nayak, CEO & MD, Tejas Networks said, “We are honored to be a partner for Bharatnet, a prestigious project of Government of India, which will serve as the high-speed backbone of Digital India. Bharatnet is one of the largest greenfield rollouts of a GPON–based broadband network in the world and we are delighted that we have supplied and successfully deployed our GPON equipment in over 40,000 locations, spanning over 16 states spread across the country, in record time.” He further added, “Our GPON products have been completely designed and manufactured in India and Bharatnet is a great example of a successful public-private partnership that exemplifies Government of India’s “Digital India” and “Make-in-India” initiatives.”
Mr. Arnob Roy, President of Optical Products at Tejas Networks said, “We have been investing significant resources in R&D for creating world-class products that are specifically suited for India and other emerging markets. For the BharatNet project, we have used our award winning TJ1400 GPON product, which is a ruggedized equipment that can operate under challenging environmental conditions. It enables flexible, scalable and cost-effective delivery of both high-speed broadband access and packet transport services from the same platform.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has successfully completed the execution of a high capacity national optical backbone network in Bangladesh for the Bangladesh Telecommunications Company Ltd. (BTCL), in partnership with Telephone Shilpa Shanstha (TSS) Ltd., Bangladesh.
The high-capacity terrestrial network is built using multiple 100 Gbps channels on DWDM (Dense Wavelength Division Multiplexing) equipment of Tejas Networks and connects the undersea cable landing at Kuakata in Bangladesh to Dhaka. It will be used for countrywide distribution of high-speed Internet bandwidth available from the SMW-5 undersea submarine cable system which connects Bangladesh to several countries in Asia, Africa and Europe such as Singapore, Sri Lanka, Myanmar, Indonesia, Saudi Arabia, UAE, Djibouti, Turkey, Italy and France.
“We are honored to be selected by BTCL as the optical technology partner for building one of the largest and mission-critical networks in Bangladesh,” said Sanjay Nayak, CEO and MD of Tejas Networks. “The network will significantly boost the availability of reliable high-speed Internet services in the country and we are proud to be associated with such a prestigious project of Government of Bangladesh.” he added.
Mr. Mashiur Rahman, Managing Director, Bangladesh Submarine Cable Company Limited (BSCCL), Bangladesh said, “We are pleased to be the user of the high capacity DWDM Equipment of Tejas Networks, a pioneering high-technology company from India, which has successfully helped us rollout this next-generation network for Bangladesh in the shortest possible time. Tejas Networks fully met our expectations of timely deliveries, high quality and prompt customer support to successfully get this network up and running as per committed deadlines.”
This high-capacity transmission network project is designed to have ten major traffic drop points with countrywide traffic distribution through existing access networks. Tejas 1600 converged packet optical (CPO) products have been deployed in this project and these were locally manufactured by TSS, a premier government-owned telecom company in Bangladesh. Tejas TJ1600 is a highly flexible and scalable optical product, with a unique software-defined hardware™ architecture, that incorporates advanced Nx100G coherent DWDM transmission technology to ensure a high-performance and future-proof network.
The high-capacity terrestrial network is built using multiple 100 Gbps channels on DWDM (Dense Wavelength Division Multiplexing) equipment of Tejas Networks and connects the undersea cable landing at Kuakata in Bangladesh to Dhaka. It will be used for countrywide distribution of high-speed Internet bandwidth available from the SMW-5 undersea submarine cable system which connects Bangladesh to several countries in Asia, Africa and Europe such as Singapore, Sri Lanka, Myanmar, Indonesia, Saudi Arabia, UAE, Djibouti, Turkey, Italy and France.
“We are honored to be selected by BTCL as the optical technology partner for building one of the largest and mission-critical networks in Bangladesh,” said Sanjay Nayak, CEO and MD of Tejas Networks. “The network will significantly boost the availability of reliable high-speed Internet services in the country and we are proud to be associated with such a prestigious project of Government of Bangladesh.” he added.
Mr. Mashiur Rahman, Managing Director, Bangladesh Submarine Cable Company Limited (BSCCL), Bangladesh said, “We are pleased to be the user of the high capacity DWDM Equipment of Tejas Networks, a pioneering high-technology company from India, which has successfully helped us rollout this next-generation network for Bangladesh in the shortest possible time. Tejas Networks fully met our expectations of timely deliveries, high quality and prompt customer support to successfully get this network up and running as per committed deadlines.”
This high-capacity transmission network project is designed to have ten major traffic drop points with countrywide traffic distribution through existing access networks. Tejas 1600 converged packet optical (CPO) products have been deployed in this project and these were locally manufactured by TSS, a premier government-owned telecom company in Bangladesh. Tejas TJ1600 is a highly flexible and scalable optical product, with a unique software-defined hardware™ architecture, that incorporates advanced Nx100G coherent DWDM transmission technology to ensure a high-performance and future-proof network.
Software Technology Parks of India (STPI) is an autonomous society under Ministry of Electronics and Information Technology (MeitY), Govt. of India established in 1991. The award winners were selected by an eminent committee consisting of representatives from STPI- Government of India, Government of Karnataka, Academia, Media and Industry who evaluated the performance of the entire spectrum of IT, ITES and Electronics & Hardware Exporting Companies in the state on a range of parameters including consistency in exports, employment and diversity.
“We are honored to be recognized as a leading exporter of electronics products from Karnataka by STPI. As a pioneering R&D-driven, deep technology ESDM company from India, our focus is to design-and-manufacture in India so that we can do maximum domestic value-addition within the country and contribute to Government of India’s goal of achieving net-zero imports in the electronics sector by 2020. Since broadband and telecom networks are now becoming the backbone of Digital India, indigenization and use of domestic products will not only be necessary to reduce our import bills, but will also help achieve self-reliance in the area of cyber-security” said Sanjay Nayak, CEO and MD of Tejas Networks. “In recent years, Tejas has achieved the status of a Top-10 global supplier of optical aggregation equipment and our products are now deployed in over 65 countries around the world. In addition to scaling up our exports, we have also successfully competed with global MNCs and have been ranked #1 in the Indian optical aggregation market” he added.
Software Technology Parks of India (STPI) is an autonomous society under Ministry of Electronics and Information Technology (MeitY), Govt. of India established in 1991. The award winners were selected by an eminent committee consisting of representatives from STPI- Government of India, Government of Karnataka, Academia, Media and Industry who evaluated the performance of the entire spectrum of IT, ITES and Electronics & Hardware Exporting Companies in the state on a range of parameters including consistency in exports, employment and diversity.
“We are honored to be recognized as a leading exporter of electronics products from Karnataka by STPI. As a pioneering R&D-driven, deep technology ESDM company from India, our focus is to design-and-manufacture in India so that we can do maximum domestic value-addition within the country and contribute to Government of India’s goal of achieving net-zero imports in the electronics sector by 2020. Since broadband and telecom networks are now becoming the backbone of Digital India, indigenization and use of domestic products will not only be necessary to reduce our import bills, but will also help achieve self-reliance in the area of cyber-security” said Sanjay Nayak, CEO and MD of Tejas Networks. “In recent years, Tejas has achieved the status of a Top-10 global supplier of optical aggregation equipment and our products are now deployed in over 65 countries around the world. In addition to scaling up our exports, we have also successfully competed with global MNCs and have been ranked #1 in the Indian optical aggregation market” he added.
Software Technology Parks of India (STPI) is an autonomous society under Ministry of Electronics and Information Technology (MeitY), Govt. of India established in 1991. The award winners were selected by an eminent committee consisting of representatives from STPI- Government of India, Government of Karnataka, Academia, Media and Industry who evaluated the performance of the entire spectrum of IT, ITES and Electronics & Hardware Exporting Companies in the state on a range of parameters including consistency in exports, employment and diversity.
Tejas Networks (NSE: TEJASNET / BSE: 540595) today announced that it is displaying its latest innovations in the packet optical space at AfricaCom 2017. AfricaCom is Africa’s largest telecoms, media and technology event and is being held at Cape Town International Convention Centre, Cape Town, South Africa between November 7th and 9th.
Tejas has a large portfolio of software-defined hardware™ products for building flexible, carriergrade telecom networks. At AfricaCom, Tejas is displaying its state-of-the-art TJ1400 and TJ1600 products that enable the following capabilities:
– Integrated Broadband Access and Packet Transport services delivered from the same platform including GPON-based fiber broadband, 4G/LTE-based wireless broadband and multi-gigabit Ethernet services for homes and enterprises.
– MPLS-based packet transport with high-fidelity packet synchronization and dense circuit emulation for seamless network transformation from circuit-based 2G/3G networks to pure-packet 4G/5G networks.
– Scalable, multi-terabit PTN and OTN switching supporting Nx100G/400G coherent DWDM transmission with alien wavelength capability for national backbone networks, high-capacity Metropolitan Core/Long-haul networks and web-scale Data Center Interconnect (DCI) networks.
Meet our senior executives and technology experts at Booth No. B41 to learn more about our award-winning products and solutions.
Tejas has a large portfolio of software-defined hardware™ products for building flexible, carriergrade telecom networks. At AfricaCom, Tejas is displaying its state-of-the-art TJ1400 and TJ1600 products that enable the following capabilities:
– Integrated Broadband Access and Packet Transport services delivered from the same platform including GPON-based fiber broadband, 4G/LTE-based wireless broadband and multi-gigabit Ethernet services for homes and enterprises.
– MPLS-based packet transport with high-fidelity packet synchronization and dense circuit emulation for seamless network transformation from circuit-based 2G/3G networks to pure-packet 4G/5G networks.
– Scalable, multi-terabit PTN and OTN switching supporting Nx100G/400G coherent DWDM transmission with alien wavelength capability for national backbone networks, high-capacity Metropolitan Core/Long-haul networks and web-scale Data Center Interconnect (DCI) networks.
Meet our senior executives and technology experts at Booth No. B41 to learn more about our award-winning products and solutions.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2017.
Tejas Networks designs, develops, manufactures and sells high-performance and costcompetitive optical and data networking products, which are used to build high-speed communication networks over optical fiber.
For the quarter ended September 30, 2017, our consolidated revenues (net of taxes and pass-through component sale to our contract manufacturers) were Rs. 214.90 crore which was a growth of 20.9% year-on-year. Our operating profits grew by 61.2% year-on-year and net profit grew 68.0% year-on-year. As a percentage of consolidated revenues (net of taxes and pass-through component sale to our contract manufacturers) our operating margin was 13.6% in Q2’18 compared to 10.2% in Q2’17 and our net profit after tax in Q2’18 was 12.5% as compared to net profit of 9.0% in Q2’17.
For the six month period ended September 30, 2017, our revenues (net of taxes and passthrough component sales to our contract manufacturers) were Rs. 415.01 crore which was a growth of 33.5% year-on-year, our operating profits grew by 120.2% year-on-year and our net profit grew 232.5% year-on-year.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We continue to see strong growth led by India, which is the world’s fastest growing optical networking market. We believe that India is at the cusp of a prolonged growth cycle in optical networking, driven by strong usage of mobile data as well as broadband by consumers, businesses and government”.
Tejas continued to strengthen its market position in India. Recently, Ovum (Informa), a global market-leading data, research and consulting firm, ranked Tejas as #1 in marketshare for India’s Optical Aggregation market for the last 4 quarters rolling.
Mr. Venkatesh Gadiyar, CFO said, “We continue to see the benefits of operating leverage, which is reflected in our strong profitability growth on a year-on-year basis. For the first half of the year, our net profit after tax was Rs. 47.31 crore and we generated cash of Rs. 94.72 crore from operations. As of September 30, 2017, our cash and cash equivalents amounted to Rs.381.52 crore. We are now practically a debt-free company, with a outstanding debt of just Rs. 3.37 crore as of September 30, 2017.”
Recently we have strengthened our management team and Mr. N R Ravikrishnan has joined us on October 11, 2017 as General Counsel and Chief Compliance officer. Earlier, he worked as the Company Secretary and Head (Compliance, Audit and Facilities) in Infosys Group.
Tejas Networks designs, develops, manufactures and sells high-performance and costcompetitive optical and data networking products, which are used to build high-speed communication networks over optical fiber.
For the quarter ended September 30, 2017, our consolidated revenues (net of taxes and pass-through component sale to our contract manufacturers) were Rs. 214.90 crore which was a growth of 20.9% year-on-year. Our operating profits grew by 61.2% year-on-year and net profit grew 68.0% year-on-year. As a percentage of consolidated revenues (net of taxes and pass-through component sale to our contract manufacturers) our operating margin was 13.6% in Q2’18 compared to 10.2% in Q2’17 and our net profit after tax in Q2’18 was 12.5% as compared to net profit of 9.0% in Q2’17.
For the six month period ended September 30, 2017, our revenues (net of taxes and passthrough component sales to our contract manufacturers) were Rs. 415.01 crore which was a growth of 33.5% year-on-year, our operating profits grew by 120.2% year-on-year and our net profit grew 232.5% year-on-year.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We continue to see strong growth led by India, which is the world’s fastest growing optical networking market. We believe that India is at the cusp of a prolonged growth cycle in optical networking, driven by strong usage of mobile data as well as broadband by consumers, businesses and government”.
Tejas continued to strengthen its market position in India. Recently, Ovum (Informa), a global market-leading data, research and consulting firm, ranked Tejas as #1 in marketshare for India’s Optical Aggregation market for the last 4 quarters rolling.
Mr. Venkatesh Gadiyar, CFO said, “We continue to see the benefits of operating leverage, which is reflected in our strong profitability growth on a year-on-year basis. For the first half of the year, our net profit after tax was Rs. 47.31 crore and we generated cash of Rs. 94.72 crore from operations. As of September 30, 2017, our cash and cash equivalents amounted to Rs.381.52 crore. We are now practically a debt-free company, with a outstanding debt of just Rs. 3.37 crore as of September 30, 2017.”
Recently we have strengthened our management team and Mr. N R Ravikrishnan has joined us on October 11, 2017 as General Counsel and Chief Compliance officer. Earlier, he worked as the Company Secretary and Head (Compliance, Audit and Facilities) in Infosys Group.
