Tejas Networks gain nearly 40% in 2 days to record high after Q4 results

The revenue surged by nearly 343% on a year-on-year (YoY) basis, while it rose by 137% quarter on quarter (QoQ). Tejas Networks also reported positive EBITDA, which stood at Rs 306 crore, compared to an EBITDA loss of Rs 8.2 crore last year.

As per the latest shareholding pattern available with the exchanges, Panatone Finvest, a Tata Group entity owns a 55.6% stake in Tejas Networks. FIIs and DIIs hold 11.3% and 4.3% shares respectively while 28.3% shares of the company are held by the public.

expects FY25 revenue to be 4x FY24 on BSNL and Bharatnet execution. They increased revenue by 6%/7% for FY25/FY26 on account of the beat on their revenue estimate. They also raised their EBITDA margin by 150-10bps on the margin beat.

On account of the above-mentioned expectation, the brokerage has increased the target price for Tejas Networks to Rs 1,100 from an earlier Rs 975.

Tejas Networks has been performing well for its investors with 71.8% returns in the past 1 year, 58.4% in the past one month, and 37% in the last week alone.

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