Q1 2025 Tejas Networks Ltd Earnings Call Transcript
Key Points
- Tejas Networks Ltd (BOM:540595) reported its best quarter ever with Q1 FY25 net revenue of INR1,563 crores, an 8.3x year-over-year increase.
- The company achieved a profit after tax of INR77 crores for Q1 FY25, surpassing the full-year profit of INR63 crores for the previous year.
- Significant progress in 4G/5G RAN installations for BSNL's pan-India network, with over 27,000 sites shipped by the end of Q1.
- Strategic international deals secured, including a network modernization project with a Tier 2 operator in the US and a broadband rollout in Southeast Asia.
- Strong order book of INR7,091 crores at the end of Q1 FY25, indicating robust future business prospects.
- Other operating revenue decreased to INR67 crores in Q1 FY25 from INR156 crores in the previous quarter, primarily due to the absence of PLI receipts.
- Trade receivables increased from INR1,458 crores to INR2,052 crores, indicating higher outstanding payments from customers.
- Borrowings rose significantly from INR1,744 crores to INR2,844 crores, leading to a net debt of about INR2,200 crores at the end of the quarter.
- International business remained largely flat, contributing only 3% to the overall revenue for the quarter.
- The merger of Saankhya Labs with Tejas Networks Ltd (BOM:540595) is still in an advanced stage, pending final orders from NCLT, which could delay potential synergies.
Ladies and gentlemen, good day, and welcome to Tejas Networks Limited Q1 FY25 Earnings Conference 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. Thank you, and over to you, sir.
Thank you. Good evening, everyone. Thank you for joining on Tejas Networks Limited Q1 FY25 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; Dr. Kumar N. Sivarajan, Chief Technology Officer.
I would like to invite Mr. Anand sir to initiate with opening remarks, followed by a quarterly update, post which we will have a Q&A session. Over to you, sir.
Good evening, guys. Thanks for
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