Q3 2024 Tejas Networks Ltd Earnings Call Transcript
Key Points
- Tejas Networks Ltd (BOM:540595) reported strong revenue growth of INR560 crores for Q3 FY24, more than doubling the revenue from the same quarter the previous year.
- The company's nine-month revenue in FY24 exceeded the entire FY23 revenue, indicating robust growth.
- Tejas Networks Ltd (BOM:540595) has a strong order book of INR9,028 crores, providing a solid foundation for future revenue.
- The company received significant purchase orders, including INR107 crores for BSNL 4G RAN shipments and INR96 crores from National Space India Limited for satcom transponders.
- Tejas Networks Ltd (BOM:540595) continues to see strong traction in both its wireless and wireline businesses, with successful deployments and additional orders in various sectors and regions.
- The company reported a loss of INR45 crores for Q3 FY24, indicating financial challenges despite revenue growth.
- EBIT for the quarter was negative INR56 crores, reflecting operational inefficiencies or high costs.
- There has been a marked increase in trade receivables, raising concerns about cash flow and collection efficiency.
- The company's inventory has grown significantly to INR2,683 crores, which could indicate potential issues with inventory management or demand forecasting.
- Margins in the wireless segment are lower compared to the wireline segment, which could impact overall profitability as the wireless business grows.
Ladies and gentlemen, good day, and welcome to the Tejas Networks Limited Q3 FY24 earnings call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ashvik Jain from ICICI Securities Limited. Thank you, and over to you, sir.
Thank you. Good evening, everyone. Thank you for joining on Tejas Networks Limited Q3 FY24 results conference call. We have Tejas Networks' management on call represented by Mr. Anand Athreya, Chief Executive Officer and Managing Director; Mr. Arnob Roy, Chief Operating Officer and Whole-Time Director; Mr. Sumit Dhingra, Chief Financial Officer; and Dr. Kumar N. Sivarajan, Chief Technological Officer.
I would like to invite Mr. Anand sir to initiate with opening remarks, post which we will have a Q&A session. Over to you, sir.
Thank you. Good evening.
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