“We would like to inform you that Tejas Networks Limited (the Company) has on March 12, 2025, received an amount of Rs.123.45 Crores from the Ministry of Communications, Department of Telecommunications – New Delhi, towards incentive for the financial year 2023-24 under the PLI (Production Linked Incentive) Scheme for Telecom and Networking Products,” Tejas Networks said in a regulatory filing.
The incentive, received on March 12, 2025, is part of the government’s initiative to promote domestic manufacturing and strengthen India’s telecom infrastructure.
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For the third quarter, Tejas Networks’ net profit stood at ₹165.7 crore during the quarter compared to a profit of ₹275 crore it reported during the previous quarter. Tejas Networks had reported a net loss of ₹45 crore in the base quarter.
The company’s revenue also declined 6% on a quarter-on-quarter basis, while the margin narrowed to 9.1% from 14.3% in the September quarter. The company’s revenue doubled on a year-on-year basis and increased by 41% from the September quarter.
The order book at the end of the quarter stood at ₹2,681 crore from ₹4,845 crore last quarter, while trade receivables increased to ₹4,730 crore from ₹3,758 crore in the previous quarter. The company’s order book of ₹2,681 crore is well below the last five-quarter average of ₹7,700 crore, which is also due to the BSNL deal execution.
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Shares of Tejas Networks Ltd ended at ₹660.15, down by ₹16.00, or 2.37%, on the BSE.
