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 has held the #1 position in India’s Optical Aggregation market with a market share of 36%. As of Q2, 2017, Tejas Networks has maintained its leadership position in the India optical market, which was the fastest-growing Optical Networking market in the world, with a strong sequential as well as year-on-year growth. Ovum’s Optical Networking market includes three product segments – Aggregation, WDM and Subsea Optoelectronics,” said Don Frey, Principal Analyst, Transport and Routing at Ovum Telecoms Research.
“We are delighted that Tejas Networks is ranked as the #1 vendor in the optical aggregation segment in India – the world’s fastest-growing and most-competitive telecom market” said Sanjay Nayak, CEO and MD of Tejas Networks. “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 and businesses. While there is decent fiber capacity in inter-city networks, there is a significant catch-up investment needed in the aggregation and metro segment, since less than 20% of cell towers are currently fiberized. With our strong incumbency , long-standing customer relationships and government’s support for Make-in-India, we are well positioned to benefit from this increased demand for optical networking equipment in India,” he added.
The National IP awards are conferred every year by the Indian Intellectual Property Office to outstanding innovators, organisations and companies in the fields of patents, designs, trademarks and geographical indications. The awardees are selected by an eminent jury comprising R&D & IP professionals, industry associations, academia, and government representatives. The growth in IPR portfolio over preceding years, utilization of IPRs as a strategic tool in commerce & industry, along with their contribution to the society at large are taken into consideration while selecting the winners.
“We are honoured to be recognized as top Indian private company for patents and commercialization by the Government of India,” said Sanjay Nayak, CEO and MD of Tejas Networks. “Over the years, we have consistently invested in R&D and innovation and built up a rich portfolio of technology patents and intellectual properties, which are a part of our future-ready products. This prestigious award underscores our commitment to be an innovation leader and provide world-class products to our customers in the telecommunications sector,” he added.
Tejas Networks has filed 326 patent applications in India, United States and Europe in the area of optical and wireless communications. In addition, Tejas has also filed 35 patent applications under the Patent Cooperation Treaty.
HUNT VALLEY, Md. — ONE Media 3.0, a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), today announced an agreement with Saankhya Labs, a leader in the development of Cognitive Software Defined Radio (SDR) chips, to accelerate the development of ATSC 3.0 (the Next Generation standard) chipsets.
Under the agreement, Saankhya Labs will begin the development of a global standards supporting ATSC 3.0 chipset that will enable various types of consumer devices to receive the Next Generation television standard. Those devices will include televisions, cell phones, tablets, dongles, gateways, and automotive units.
The intent is to accelerate and stimulate the activities associated with the incubation of the ATSC 3.0 chipset development as a precursor to a full-fledged development program. During the project incubation stage, key team members of Saankhya Labs will engage in chip architecture definition and algorithm identification in collaboration with Sinclair and ONE Media 3.0 technical leads.
The complete ATSC 3.0 standard is on track for final approval by the standard-setting body in the coming months and governmental approval for use in the U.S. is expected by year-end. This new standard promises to revolutionize the broadcast industry by permitting mobility, convergence with broadband Internet platforms, addressability, conditional access, increased capacity, and dramatic quality improvements. Early development of the chipsets anticipating final approval should accelerate adoption of the dramatic new capabilities enabled by the standard as broadcasters begin deployment.
“We are pleased to begin working with Saankhya Labs to fast-track development of a global ATSC 3.0 device ecosystem that is focused on mobility, and provides support for all global broadcast transmission standards,” said Mark Aitken, Sinclair’s Vice President for Advanced Technology. “ONE Media 3.0 and Sinclair, as digital innovators and the largest U.S. broadcaster, are committed to ‘mobile first’ services, advanced data delivery as well as emergency and educational connectivity. Saankhya Labs’ software defined technology will allow us to exploit the underlying flexibility of the Next Generation standard in evolving beyond ‘3.0’ in support of the unique needs of large markets like the United States and India.”
“We are excited to partner with One Media 3.0 and Sinclair to develop an ATSC 3.0 chipset that is set to revolutionize the mobility broadcast and data delivery services industry. Based on ‘Pruthvi,’ Saankhya’s award-winning Software Defined Radio (SDR) platform, the next-generation ATSC 3.0 chipset will enable true convergence of networks and devices. The new age chipset bears testimony to Sinclair and Saankhya’s commitment to innovate and Make in India,” said Parag Naik, CEO of Saankhya Labs.
About Sinclair:
Sinclair is one of the largest and most diversified television broadcasting companies in the country. Including pending transactions, the Company owns, operates, and/or provides services to 173 television stations in 81 markets, broadcasting 513 channels and having affiliations with all the major networks. Sinclair is the leading local news provider in the country, as well as a producer of live sports content. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
About ONE Media 3.0, LLC:
ONE Media 3.0, LLC, a wholly-owned subsidiary of Sinclair, was formed for the purpose of developing business opportunities, products, and services associated with the ATSC 3.0 “Next Generation” broadcast transmission standard and TV platform. ONE Media 3.0’s objectives include the planning and buildout of a Single Frequency Network; designing, developing, and deploying a national Internet Protocol core network infrastructure; and the buildout of a user collection and measurement system.
About Saankhya Labs:
Saankhya Labs, a subsidiary of Tejas Networks, is an innovative leading-edge technology company with a breadth of wireless communication system solutions. Saankhya offers a wide range of communication products for 5G NR, Broadcast, and Satellite Communication applications. With over 100 international technology patents and unique ‘chipset-to-systems’ expertise, Saankhya’s solutions include award-winning SDR chipsets for communication, next-gen OpenRAN Solutions for 5G networks, multi-standard direct to mobile (D2M) broadcast, and Satcom solutions.
SOURCE Sinclair Broadcast Group, Inc.
Related Links
http://www.sbgi.net
Saankhya Labs, founded in 2007, is a fabless semiconductor company specializing in the development of Cognitive Software Defined Radio (SDR) communications processors and modules supporting a broad range of emerging data communication standards. Powered by its award-winning Software Defined Radio (SDR) architecture, Saankhya chipsets combine low power, cost efficiency and small footprint, making them ideally suited to build ONE Worldwide platform for applications such as broadcasting, TV White Space (TVWS), Machine to Machine (M2M) communication and Internet of Things (IoT). Company information can be accessed at www.saankhyalabs.com.
SOURCE: Sinclair Broadcast Group, Inc.
Related Links: http://www.sbgi.net
“We are delighted to welcome Sukhvinder and Joydeep to Tejas. With these appointments, we have strengthened our senior management team with accomplished executives having rich international leadership experience”, said Sanjay Nayak CEO and MD. He added, “Their domain expertise and knowledge will play an important role during our next phase of market expansion and growth.”
Sukhvinder Kumar holds a bachelor of engineering degree in electronics from Dr. Ambedkar Marathawala University, Aurangabad and an advanced management program certificate from Indian Institute of Management, Bengaluru. He has several years of experience in the field of electronics. Prior to joining our Company, he was the chief executive officer and managing director of Eolane Electronics India Private Limited. Sukhvinder said- “with best-in-class products, deep R&D expertise, strong in-house IPR portfolio and TL9000 certified manufacturing processes, Tejas has emerged as India’s leading high-technology product company. I am excited to be part of a top-notch team, as we embark on an exciting growth phase.”
Joydeep Bose joined Tejas from Cisco-Asia Pacific & Japan, where he headed strategy and corporate development for over 10 years. At Cisco, Joydeep focused on strategy and new partnerships, minority investments, co-development and M&A for its cloud, IOT and smart cities businesses. Before Cisco, Joydeep spent 7 years at Intel-India where he was actively involved with Intel Capital’s investments in telecom and wireless startups, before taking up a General Manager role in the emerging products division. Joydeep said- “with significant customer successes in India as well as internationally, Tejas is well positioned to capture much larger market-share globally. Tejas has a strong portfolio of software-differentiated, converged packet optical, packet transport, fiber broadband and Ethernet switches that give us a unique edge in defining the next-generation connected platforms. I look forward to creating growth opportunities and new initiatives through co-creation, structured partnerships, M&A and Tejas-led developer forums.”
“India is an ideal partner to provide telecom products and solutions to Africa. The challenging operating requirements that we have seen in India are very relevant for emerging countries in Africa, where there is a need for building cost-effective yet high-quality network infrastructure. We have seen lot of potential for increasing exports of telecom projects from India to Africa.” said Sanjay Nayak, CEO & MD of Tejas Networks and Vice Chairman, TEPC while giving the keynote address.
Tejas Networks has had a lot of success in Africa and thousands of Tejas equipment has been successfully deployed by over 50 telecom service providers across Africa. Tejas customers in Africa include leading Carrier-of-Carriers, Mobile Operators as well as ISPs. Some of the customers in Africa using Tejas products include WIOCC, SEACOM, MTN Business, Access Kenya, Wananchi, Simbanet, BCS, Internet Solutions, Neotel, Zantel and Smile Communications. Tejas is showcasing its latest range of PTN (Packet Transport Networks), DWDM and other optical networking products.“
