Tejas Networks Q2 Results Live : Tejas Networks declared its Q2 results on October 18, 2024, showcasing a remarkable turnaround with a profit of ₹275.18 crore. The company’s revenue surged by an astounding 610% year-over-year, a significant recovery from the loss of ₹12.64 crore reported during the same period last fiscal year.
In comparison to the previous quarter, the revenue grew by 79.89%, indicating strong performance and demand for Tejas Networks’ products and services. This impressive growth is underscored by an operating income that increased by 179.2% quarter-on-quarter and a staggering 1705.4% year-over-year.
However, the company’s Selling, General, and Administrative expenses rose by 23.09% quarter-on-quarter and increased by 34.38% year-over-year, reflecting the costs associated with its rapid expansion.
Earnings per share (EPS) for Q2 reached ₹15.75, marking an extraordinary increase of 2228.38% year-over-year, further solidifying the company’s financial health amidst its growth trajectory.
Despite a slight dip of 5.32% in returns over the last week, Tejas Networks has shown strong performance over a longer horizon, with returns of 41.34% over the last six months and 29.4% year-to-date.
As of now, Tejas Networks holds a market capitalization of ₹19,273.67 crore, with a 52-week high of ₹1495 and a low of ₹651.25. The company’s stock remains a focal point for investors.
Additionally, the consensus recommendation from analysts as of October 19, 2024, is a ‘Strong Buy’, with one analyst covering the company endorsing this rating, signaling confidence in Tejas Networks’ future prospects.
Tejas Networks Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2811.26 | 1562.77 | +79.89% | 395.95 | +610% |
| Selling/ General/ Admin Expenses Total | 117.99 | 95.86 | +23.09% | 87.8 | +34.38% |
| Depreciation/ Amortization | 73.8 | 64.95 | +13.63% | 41.68 | +77.06% |
| Total Operating Expense | 2350.35 | 1397.69 | +68.16% | 424.66 | +453.47% |
| Operating Income | 460.91 | 165.08 | +179.2% | -28.71 | +1705.4% |
| Net Income Before Taxes | 410.51 | 121.55 | +237.73% | -17.74 | +2414.04% |
| Net Income | 275.18 | 77.48 | +255.16% | -12.64 | +2277.06% |
| Diluted Normalized EPS | 15.75 | 4.44 | +254.73% | -0.74 | +2228.38% |
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