Tejas Networks PAT more than doubles at Rs. 45 crore

Tejas Networks reported its results for the quarter ended June 30, 2018 on Monday. The consolidated revenue for the quarter came in at Rs. 235.83 crore, registering 7.5 per cent yoy increase.

EBITDA for the quarter rose by 38.9 per cent yoy to Rs. 62.51 crore with a corresponding margin expansion of 599 bps. EBITDA margin for the quarter stood at 26.5 per cent. The PAT for the quarter came in at Rs. 45.03 crore, yoy increase of 120.3 per cent.

The increased use of data by consumers, businesses and governments resulted in an increased demand for company’s optical transmission equipment. During the quarter, the company was granted 2 patents resulting in a cumulative grant of 78 patents. As on date, the company has filed for 342 patents.

Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks over optic fiber.

On Monday, the the stock opened at Rs. 255.75 per share and touched an intraday high and low of Rs. 266 and Rs. 245.05, respectively, and finally closed at Rs. 254.70 per share on BSE.