Tejas Networks rose 3.68% to Rs 142.25 after the company reported a consolidated net profit of Rs 9.23 crore in Q3 FY21 as against a net loss of Rs 112.06 crore in Q3 FY20.
Net sales jumped 55.6% year-on-year (YoY) to Rs 134.88 crore during the quarter. The company posted a pre-tax loss of Rs 9.23 crore in Q3 December 2020 as compared to a pre-tax loss of Rs 14.78 crore in Q3 December 2019.
Sanjay Nayal, managing director and CEO of Tejas Networks, said, We continued to build on our momentum of revenue as well as profitability growth during 03. We also had strong order inflows and new customer wins, resulting in order book of Rs 672 crore, as on 31 December 2020. Our international business for the first nine months saw a YoY revenue growth of 269%, led by customers in Africa, Mid-east and South-East Asia. With increased demand for high-speed home broadband connections on optical fiber and the need for telecom operators to upgrade their backbone network capacity, we see a robust de