Tejas Networks Q2 PAT down -19% yoy at Rs3.66cr on sharp rise in the cost of raw material inputs

Tejas Networks Ltd reported 56.99% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs172.78cr

Oct 20, 2021 07:10 IST India Infoline News Service

Tejas Networks Ltd reported 56.99% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs172.78cr. The revenues were relatively higher by 19.78% on a sequential basis compared to Rs144.25cr revenues in the Jun-21 quarter.

Tejas designs, develops, manufactures and sells high performance telecom and networking products for high speed communication networks. Currently, the stock is substantially owned by Panatone Finvest, an investment arm of Tata Sons. Half year revenues were up 71% yoy.

The consolidated Profit after tax (PAT) for the Sep-21 quarter was down -19.21% at Rs3.33cr. Profits were also lower due to a sharp spike in the raw material costs, which is line with the global trend where supply chain constraints have caused a sharp spike in input costs.

During the quarter, it had order bookings of Rs258cr taking its total order book to Rs783cr in terms of outstanding orders. Net margins at 2.12% was lower than the NPM of 4.12% on a yoy basis and also lower than 5.23% on sequential basis in Jun-21 quarter.


Financial highlights for Sep-21 compared yoy and sequentially


Tejas Networks
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 172.78 ₹ 110.06 56.99% ₹ 144.25 19.78%
Net Profit (Rs cr) ₹ 3.66 ₹ 4.53 -19.21% ₹ 7.55 -51.52%
Diluted EPS (Rs) ₹ 0.30 ₹ 0.49 ₹ 0.78
Net Margins 2.12% 4.12% 5.23%

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