Tejas Network plummets 5% over lackluster Q4 numbers

25 Apr 2022 , 12:49 PM

Tejas Network Limited logs revenue of Rs126.50 crore in Q4FY22, down by 37.20% yoy against the previous quarter. Whereas, it reported a growth of 6.9% yoy in revenue for FY22 at Rs550.60 crore as compared to Rs514.80 crore in FY21.

It reported a negative EBIT of Rs110 crore for Q4FY22, logging a decline of 807.90% yoy . While EBIT for FY22 was neagtive Rs157.20 crore (-157.20 crore), declining drastically against positive EBIT of Rs1.4 crore in FY21.

The loss before tax for Q4FY22 was Rs95.90 crore, registering a decline of 617.50% yoy. While PBT for FY22 declined 620.10% yoy as the company reported a loss of Rs117.10 crore against a profit of Rs22.50 crore in FY21.

Loss for FY22 stood at Rs62.70 crore against a profit of Rs37.5 crore in FY21, down by 267% yoy. Loss for Q4FY22 stood at Rs49.60 crore, down by 247.90% yoy against Q4FY21.

EPS for the current year narrowed to Rs4.34 in Q4FY22 and negative Rs5.97 in FY22 against Rs4.05 in FY21.

Tejas Networks is currently trading at Rs480.25 down by Rs25.25 or 5% from its previous closing of Rs505.50 on the BSE.