Tejas Networks trades higher after its consolidated net loss narrows to Rs 11 crore in Q3
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Tejas Networks is currently trading at Rs. 556.90, up by 10.90 points or 2.00% from its previous closing of Rs. 546.00 on the BSE.
The scrip opened at Rs. 555.20 and has touched a high and low of Rs. 570.90 and Rs. 548.80 respectively. So far 33566 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 773.00 on 10-Oct-2022 and a 52 week low of Rs. 359.50 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 586.00 and Rs. 522.90 respectively. The current market cap of the company is Rs. 9392.99 crore.
The promoters holding in the company stood at 51.97%, while Institutions and Non-Institutions held 15.42% and 32.61% respectively.
Tejas Networks has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported net profit at Rs 5.39 crore for the quarter under review as compared to net loss of Rs 24.05 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 273.03 crore for Q3FY23 as compared to Rs 123.43 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss at Rs 10.88 crore for the quarter under review as compared to net loss of Rs 24.30 crore for the same quarter in the previous year. However, total income of the company reported 2- fold jump at Rs 295.55 crore for Q3FY23 as compared to Rs 123.45 crore for the corresponding quarter previous year.
