Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the third quarter ended December 31, 2020. Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks.
For Q3 2021, consolidated net revenue was Rs. 129.1 crore, which was a YoY increase of 51.2%, resulting in a profit before tax of Rs. 9.2 crore as compared to a loss before tax of Rs. 14.8 crore for corresponding previous period. Profit after tax was Rs. 9.2 crore as compared to loss after tax of Rs. 112.1 crore for corresponding previous period.
For the nine months ended December 31, 2020, net revenue was Rs. 313.3 crore, which was a YoY decline of 4.2%, with a profit before tax of Rs. 4.0 crore as compared to a loss before tax of Rs. 12.0 crore for corresponding previous period. . Profit after tax was Rs. 4.0 crore as compared to a loss after tax of Rs. 110.6 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We continued to build on our momentum of revenue as well as profitability growth during Q3. We also had strong order inflows and new customer wins, resulting in order book of Rs. 672 crore, as on December 31, 2020. Our international business for the first nine months saw a YoY revenue growth of 26.9%, led by customers in Africa, Mid-east and South-East Asia. With increased demand for high-speed home broadband connections on optical fiber and the need for telecom operators to upgrade their backbone network capacity, we see a robust demand for our equipment globally.”
Mr. Venkatesh Gadiyar, CFO said, “Our quarterly financial performance continues to improve, as we generated cash of Rs. 55 crore from operations and also reduced our working capital by Rs. 43 crore during Q3. Our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 335 crore as on December 31, 2020 and we continue to be a debt-free Company.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 120 patents.
For Q3 2021, consolidated net revenue was Rs. 129.1 crore, which was a YoY increase of 51.2%, resulting in a profit before tax of Rs. 9.2 crore as compared to a loss before tax of Rs. 14.8 crore for corresponding previous period. Profit after tax was Rs. 9.2 crore as compared to loss after tax of Rs. 112.1 crore for corresponding previous period.
For the nine months ended December 31, 2020, net revenue was Rs. 313.3 crore, which was a YoY decline of 4.2%, with a profit before tax of Rs. 4.0 crore as compared to a loss before tax of Rs. 12.0 crore for corresponding previous period. . Profit after tax was Rs. 4.0 crore as compared to a loss after tax of Rs. 110.6 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We continued to build on our momentum of revenue as well as profitability growth during Q3. We also had strong order inflows and new customer wins, resulting in order book of Rs. 672 crore, as on December 31, 2020. Our international business for the first nine months saw a YoY revenue growth of 26.9%, led by customers in Africa, Mid-east and South-East Asia. With increased demand for high-speed home broadband connections on optical fiber and the need for telecom operators to upgrade their backbone network capacity, we see a robust demand for our equipment globally.”
Mr. Venkatesh Gadiyar, CFO said, “Our quarterly financial performance continues to improve, as we generated cash of Rs. 55 crore from operations and also reduced our working capital by Rs. 43 crore during Q3. Our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 335 crore as on December 31, 2020 and we continue to be a debt-free Company.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 120 patents.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia. As per the contract, Tejas will supply and install its award-winning TJ1400 ultra-converged broadband products (TJ1400UCB) to extend high-speed broadband services to underserved rural communities in the region. The project is expected to be executed within the next 12 months.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband services on optical fiber, wireless or copper media, as per available infrastructure, at highly affordable costs. Tejas was selected because of our cutting-edge products, as well as our vast experience in timely rollouts of large-scale broadband access and optical transmission networks around the globe, including Government of India’s BharatNet and Railway WiFi projects.
Dr. Kumar N. Sivarajan, Chief Technology Officer (CTO) of Tejas Networks, said, “We are excited that Tejas has been selected as the primary telecom equipment supplier for this challenging project. Ubiquitous and affordable broadband has become a necessity in modern life and is a critical tool to deliver advanced services such as telemedicine, e-education, online banking, e-commerce and e-governance services. TJ1400UCB leverages our unique software-defined hardware™ architecture to seamlessly integrate state-of-the-art broadband access technologies and high-capacity packet transmission services in one shelf with the added benefits of unified management, space reduction and power savings to achieve a cost-effective rollout.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband services on optical fiber, wireless or copper media, as per available infrastructure, at highly affordable costs. Tejas was selected because of our cutting-edge products, as well as our vast experience in timely rollouts of large-scale broadband access and optical transmission networks around the globe, including Government of India’s BharatNet and Railway WiFi projects.
Dr. Kumar N. Sivarajan, Chief Technology Officer (CTO) of Tejas Networks, said, “We are excited that Tejas has been selected as the primary telecom equipment supplier for this challenging project. Ubiquitous and affordable broadband has become a necessity in modern life and is a critical tool to deliver advanced services such as telemedicine, e-education, online banking, e-commerce and e-governance services. TJ1400UCB leverages our unique software-defined hardware™ architecture to seamlessly integrate state-of-the-art broadband access technologies and high-capacity packet transmission services in one shelf with the added benefits of unified management, space reduction and power savings to achieve a cost-effective rollout.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that C3ntro Telecom, a leading wholesale carrier based in Mexico, has chosen to expand existing partnership with Tejas Networks for the upgrade of its high-speed Backbone and Broadband network. Based in Mexico City, with coverage in major cities, C3ntro Telecom is the operator of choice for advanced data connectivity, international voice and SMS. C3ntro will deploy Tejas’ multi-terabit TJ1600 OTN/DWDM products to enhance bandwidth capacity on their optical backbone network to meet the massive surge in data center interconnect, broadband traffic from Work from Home (WFH), Video-on-Demand (VOD) and online learning.
Broadband is a key growth segment in Mexico’s telecoms market. With a population of 129 million, there is significant pent-up demand for fiber and mobile broadband services in the country. C3ntro Telecom is playing a vital role in providing high speed voice and data connectivity for residential and enterprise customers in Mexico, USA and LATAM.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are pleased to expand our partnership with C3ntro Telecom. We are delighted that we have been selected by C3ntro to deploy our optical transport products across all major metros in Mexico, to build a scalable and flexible fiber-optic network infrastructure.”
Mr. Simon Masri, CEO at C3ntro Telecom said “We are happy to select Tejas for our next phase of network expansion. Starting with our first MPLS-TP/PTN deployment from Mexico City to Dallas in 2018, to recently fortifying our core network with 100G OTN/DWDM, Tejas’ pay-as-you-grow solution has been the right approach for our network expansion. Tejas products have stood the test of time in providing consistent high availability with an SLA of 99.999%, enabling highly reliable service delivery to other tier-1 international carriers using our platform.”
Mr Shirish Purohit, Head of Sales at Tejas Networks added, “We highly value our partnership with C3ntro. They have been able to quickly deliver new services with our software-defined hardware product architecture that supports flexibility of hardware to configure diverse services on the same platform with seamless upgrades to higher capacities.”
Broadband is a key growth segment in Mexico’s telecoms market. With a population of 129 million, there is significant pent-up demand for fiber and mobile broadband services in the country. C3ntro Telecom is playing a vital role in providing high speed voice and data connectivity for residential and enterprise customers in Mexico, USA and LATAM.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are pleased to expand our partnership with C3ntro Telecom. We are delighted that we have been selected by C3ntro to deploy our optical transport products across all major metros in Mexico, to build a scalable and flexible fiber-optic network infrastructure.”
Mr. Simon Masri, CEO at C3ntro Telecom said “We are happy to select Tejas for our next phase of network expansion. Starting with our first MPLS-TP/PTN deployment from Mexico City to Dallas in 2018, to recently fortifying our core network with 100G OTN/DWDM, Tejas’ pay-as-you-grow solution has been the right approach for our network expansion. Tejas products have stood the test of time in providing consistent high availability with an SLA of 99.999%, enabling highly reliable service delivery to other tier-1 international carriers using our platform.”
Mr Shirish Purohit, Head of Sales at Tejas Networks added, “We highly value our partnership with C3ntro. They have been able to quickly deliver new services with our software-defined hardware product architecture that supports flexibility of hardware to configure diverse services on the same platform with seamless upgrades to higher capacities.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that its versatile TJ1400 UltraFlex access/edge product family that has been shortlisted for the prestigious GLOTEL award in the “Fixed Networks Evolution” category. GLOTEL awards, organized by Telecoms.com (Informa), recognises global companies involved in advancing and transforming today’s telecoms industry through network innovations and excellence. The company also announced that it is witnessing strong customer success with its TJ1400 product and has crossed a major milestone of shipping over 100,000 GPON OLT (Optical Line Terminal) ports to fiber broadband service providers worldwide.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are proud that our TJ1400 UltraFlex has been named as a finalist for telecom industry’s leading innovation awards. TJ1400 UltraFlex, our flagship FTTH (Fiber-to-the-Home) product is being used for covering over 10 million home passes, both in greenfield as well as brownfield deployments. In addition to being deployed in many countries around the world, TJ1400 has the unique distinction of being successfully deployed in the world’s largest rural broadband as well as one of the world’s largest public Wi-Fi networks, delivering high-speed broadband services to over 100 million people each day.”
Mr. Arnob Roy, Whole-time Director and COO of Tejas Networks said, “The unrelenting growth of network traffic due to work-from-home, online learning and video-on-demand is driving large-scale adoption of GPON/NG-PON technologies in high-speed fiber broadband networks. TJ1400 UltraFlex product family with its diverse form factors, superior architectural flexibility, and cost-effective integration of broadband access, packet transport and IP technologies, is an ideal choice to address this exploding bandwidth demand. In addition to GPON/NG-PON technologies, our innovative TJ1400 UltraFlex also supports FWA (Fixed Wireless Access) as well as multi-Gigabit Active Ethernet services from the same, integrated platform. The GLOTEL award is a powerful testimony to our emergence as a leading global innovator for broadband access solutions.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are proud that our TJ1400 UltraFlex has been named as a finalist for telecom industry’s leading innovation awards. TJ1400 UltraFlex, our flagship FTTH (Fiber-to-the-Home) product is being used for covering over 10 million home passes, both in greenfield as well as brownfield deployments. In addition to being deployed in many countries around the world, TJ1400 has the unique distinction of being successfully deployed in the world’s largest rural broadband as well as one of the world’s largest public Wi-Fi networks, delivering high-speed broadband services to over 100 million people each day.”
Mr. Arnob Roy, Whole-time Director and COO of Tejas Networks said, “The unrelenting growth of network traffic due to work-from-home, online learning and video-on-demand is driving large-scale adoption of GPON/NG-PON technologies in high-speed fiber broadband networks. TJ1400 UltraFlex product family with its diverse form factors, superior architectural flexibility, and cost-effective integration of broadband access, packet transport and IP technologies, is an ideal choice to address this exploding bandwidth demand. In addition to GPON/NG-PON technologies, our innovative TJ1400 UltraFlex also supports FWA (Fixed Wireless Access) as well as multi-Gigabit Active Ethernet services from the same, integrated platform. The GLOTEL award is a powerful testimony to our emergence as a leading global innovator for broadband access solutions.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2020. Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks.
For Q2 2021, consolidated net revenue was Rs. 106.8 crore, which was a YoY increase of 25.5%, resulting in a profit after tax of Rs. 4.5 crore, as compared to a loss of Rs. 4.4 crore for corresponding previous period.
For the half year ended September 30, 2020, net revenue was Rs. 184.2 crore, which was a YoY decline of 23.8%, resulting in a loss of Rs. 5.2 crore, as compared to a profit after tax of Rs. 1.5 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We had strong revenue growth in Q2 and we were profitable in this quarter. We continue to see good order inflow, resulting in an improvement in our order book to Rs. 599 crore, as on September 30, 2020. Our international revenues showed robust YoY growth of 64.2% during the first six months, led by growth in Africa and South-East Asia. With more people working remotely and many video services being accessed from homes, there has been a significant increase in data traffic on telecom networks globally, which is driving the demand for our equipment.”
Mr. Venkatesh Gadiyar, CFO said, “We generated cash of Rs. 45 crore from operations during this quarter and our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 299 crore as on September 30, 2020. We also improved our working capital, despite payment delays from some Government customers, and we continue to be a debt-free Company. We expect to see further improvement in our financial performance during the second half of the year.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 118 patents.
For Q2 2021, consolidated net revenue was Rs. 106.8 crore, which was a YoY increase of 25.5%, resulting in a profit after tax of Rs. 4.5 crore, as compared to a loss of Rs. 4.4 crore for corresponding previous period.
For the half year ended September 30, 2020, net revenue was Rs. 184.2 crore, which was a YoY decline of 23.8%, resulting in a loss of Rs. 5.2 crore, as compared to a profit after tax of Rs. 1.5 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We had strong revenue growth in Q2 and we were profitable in this quarter. We continue to see good order inflow, resulting in an improvement in our order book to Rs. 599 crore, as on September 30, 2020. Our international revenues showed robust YoY growth of 64.2% during the first six months, led by growth in Africa and South-East Asia. With more people working remotely and many video services being accessed from homes, there has been a significant increase in data traffic on telecom networks globally, which is driving the demand for our equipment.”
Mr. Venkatesh Gadiyar, CFO said, “We generated cash of Rs. 45 crore from operations during this quarter and our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 299 crore as on September 30, 2020. We also improved our working capital, despite payment delays from some Government customers, and we continue to be a debt-free Company. We expect to see further improvement in our financial performance during the second half of the year.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 118 patents.
Tejas Networks [BSE: 540595, NSE: TEJASNET] announced that it has received purchase order of Rs. 32 crores from Sterlite Technologies (STL) [NSE: STRTECH] and L&T Construction for its GPON (Gigabit Passive Optical Network) fiber-to-the-home (FTTH) equipment for a state-led BharatNet project in south India.
Tejas Networks will supply its state-of-the-art GPON OLT and ONT products for this project, which is being funded as a part of BharatNet, the world’s largest rural broadband project that aims to deliver high-speed Internet connectivity over optical fiber to all the villages in India. Tejas Networks is already the leading supplier of GPON OLT/ONT products for BharatNet Phase-1 project and has been honoured by Government of India as one of the best performing equipment suppliers for BharatNet Phase-1.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are excited to partner with Sterlite Technologies and L&T Construction on this important government project to eliminate the digital divide between urban and rural population. Our GPON and NG-PON products are clearly emerging as globally competitive on all aspects and are being deployed by Tier-1 service providers both in India and around the world. At Tejas, we are fully committed to do our part in fulfilling honourable Prime Minister of India’s dream of an “Atmanirbhar Bharat” in telecom equipment and to help connect every village in the country on BharatNet in the next 1000 days.”
Tejas Networks will supply its state-of-the-art GPON OLT and ONT products for this project, which is being funded as a part of BharatNet, the world’s largest rural broadband project that aims to deliver high-speed Internet connectivity over optical fiber to all the villages in India. Tejas Networks is already the leading supplier of GPON OLT/ONT products for BharatNet Phase-1 project and has been honoured by Government of India as one of the best performing equipment suppliers for BharatNet Phase-1.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are excited to partner with Sterlite Technologies and L&T Construction on this important government project to eliminate the digital divide between urban and rural population. Our GPON and NG-PON products are clearly emerging as globally competitive on all aspects and are being deployed by Tier-1 service providers both in India and around the world. At Tejas, we are fully committed to do our part in fulfilling honourable Prime Minister of India’s dream of an “Atmanirbhar Bharat” in telecom equipment and to help connect every village in the country on BharatNet in the next 1000 days.”
