Tejas Networks zooms on turning black in Q4
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Tejas Networks is currently trading at Rs. 1070.00, up by 164.25 points or 18.13% from its previous closing of Rs. 905.75 on the BSE.
The scrip opened at Rs. 1013.70 and has touched a high and low of Rs. 1086.90 and Rs. 985.40 respectively. So far 554781 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1086.90 on 13-Apr-2023 and a 52 week low of Rs. 618.00 on 05-May-2023.
Last one week high and low of the scrip stood at Rs. 1086.90 and Rs. 771.60 respectively. The current market cap of the company is Rs. 18287.95 crore.
The promoters holding in the company stood at 55.60%, while Institutions and Non-Institutions held 16.10% and 28.31% respectively.
Tejas Networks has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported net profit at Rs 159.19 crore for the quarter under review as compared to net loss of Rs 4.95 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1317.14 crore for Q4FY24 as compared Rs 305.72 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit at Rs 146.78 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 11.47 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1339.17 crore for Q4FY24 as compared Rs 320.59 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported many fold jump in its net profit at Rs 81.98 crore as compared to Rs 3.04 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2434.54 crore for year under review as compared to Rs 948.22 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported net profit at Rs 62.98 crore as compared to net loss of Rs 36.41 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2535.58 crore for year under review as compared to Rs 1000.58 crore for year ended March 31, 2023.
