{"id":"f-e550251d2f-cc4ee5e1-0dba-5c59-8e42-320538949868","title":"Tejas Networks shares decline over 4% after narrow, but fourth straight quarterly loss in Q3","description":"Tejas Networks' net loss and EBITDA loss were narrower than the previous quarter, while its net debt also saw a decline compared to the same quarter last","timestamp":0,"category":"business","headline":"Tejas Networks shares decline over 4% after narrow, but fourth straight quarterly loss in Q3","modifiedHeadline":"Tejas Networks Shares Fall After Q3 Loss","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"53","fcSummary":"Tejas Networks' shares fell after reporting its fourth consecutive quarterly loss. While revenue increased sequentially, it declined significantly year-over-year due to BSNL delays and weak sales. The December quarter loss was ₹196.5 crore, narrower than the previous quarter.","summary":"Tejas Networks shares plunge after Q3 loss, though narrower than prior quarter. Net debt also declined, sparking investor concern.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-cc4ee5e1-0dba-5c59-8e42-320538949868","sourceUrl":"https://www.cnbctv18.com/market/tejas-networks-share-price-q3-results-reaction-net-loss-revenue-inventory-bsnl-order-margins-19818739.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/3SOMmdWRx_g0.webp","content":"Shares of Tejas Networks Ltd. declined on Monday, January 12, after the company reported its third quarter earnings over the weekend. This was the firm's fourth consecutive quarterly loss. \n
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The company's revenue of ₹307 crore increased 17% sequentially from ₹262 crore but declined 88% from the previous year's ₹2,642 crore.

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The BSNL delays persist,

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with advance purchase order issued earlier but the final one pending. This along, with weak sales have impacted the company's topline during the December quarter.

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Tejas Networks' December quarter loss stood at ₹196.5 crore. However, it was narrower than the previous quarter's loss of ₹307 crore.

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Its earnings before interest, tax, depreciation and amortisation (EBITDA) was at a loss of ₹134 crore in the third quarter compared to a loss of ₹293.7 crore in the previous quarter and was down from ₹371.3 crore in the year-ago period.

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Tejas Networks recorded an inventory of ₹2,363 crore in the third quarter compared to ₹2,383 crore in the previous quarter. It will be converted to finished goods and shipped in the upcoming months, the company said.

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Its trade receivables in the December quarter were at ₹3,284 crore compared to ₹4,026 crore in the previous quarter.

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The firm's cash position at the end of the third quarter was at ₹537 crore and its gross debt was at ₹3,885 crore.

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Tejas Networks has a net debt of ₹3,349 crore compared to ₹3,738 crore in the previous quarter — mainly due to lower working capital, partly offset by capex.

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Shares of Tejas Networks were down 4.35% at ₹399 apiece in early trade on Monday. The stock has declined 59.6% in the past year.

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Also Read: Emcure Pharma shares in focus as 20% outstanding equity frees up for trade with lock-in ending

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","readDurationInMinutes":"4","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Tejas Networks Q3 revenue down 88% YoY; ₹196.5 crore loss reported.","BSNL order delays & weak sales hurt Tejas's topline, shares declined.","Tejas Networks' debt at ₹3,349 crore; inventory at ₹2,363 crore in Q3."],"tags":["TejasNetworks","QuarterlyLoss","Q3Earnings","StockDecline","BSNL","RevenueDecline","NetDebt","EBITDA","Inventory","TradeReceivables","EmcurePharma"],"consent":true,"redirectionEnabled":false}

Tejas Networks shares decline over 4% after narrow, but fourth straight quarterly loss in Q3

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