Tejas network ,touted as Indian Huawei, This company was struggling with execution of projects thanks to the semiconductor components supply chain disruption in world ,Due to this the company underperformed for almost 9 qtrs. The bazooka push the stock got in q4fy24 and has not looked back ,The stock doubled from 650 odd levels to 1400+ levels ,Now again the Q2fy25 results looks great .
Q2FY25 revenue of Rs 2,811 crore (YoY 610%) and Net Profit of Rs.275 crore.
H1FY25 revenue of Rs 4,374 crore (YoY 649%) and Net Profit of Rs. 353 crore.
Anand Athreya, Managing Director and CEO of Tejas Networks said:, "In Q2FY25 we made record deliveries of 30,000 4G sites. We had continued success with GPON and DWDM wins, both in India and globally. We remain focused on expanding our product portfolio and pursuing market opportunities in line with our strategy."
Sumit Dhingra, CFO of Tejas Networks said: "In Q2-FY25 we had a strong QoQ and YoY growth with a revenue of 2,811 crore. We ended the quarter with an order book of Rs 4,845 crore and a net profit of Rs 275 crore. In this quarter we also completed the merger of Saankhya Labs with Tejas."
Lets look at chart.
The rectangle shows the 9 qtrs the company did not do good the price kept oscillating in a range and witnessed no significant breakdown ,The smart money held on with its conviction about company performing ,Come q4fy24 the company came with solid numbers and stock doubled in a short time.
We can see a impulse from 650 levels and a small abc almost done with this positive results the stock looks set to scale new uncharted territory soon. Remain invested in this company for long term ,This can do wonders even from here.
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