Q2 25 revenue of Rs. 2,811 crore (YoY 610%) and Net Profit of Rs.275 crore
H1 25 revenue of Rs. 4,374 crore (YoY 649%) and Net Profit of Rs. 353 crore
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, “In Q2-FY25 we made record deliveries of 30,000+ 4G sites. We had continued success with GPON and DWDM wins, both in India and globally. We remain focused on expanding our product portfolio and pursuing market opportunities in line with our strategy.”
Mr. Sumit Dhingra, CFO said, “In Q2-FY25 we had a strong QoQ and YoY growth with a revenue of 2,811 crore. We ended the quarter with an order book of Rs. 4,845 crore and a net profit of Rs. 275 crore. In this quarter we also completed the merger of Saankhya Labs with Tejas.”
H1 25 revenue of Rs. 4,374 crore (YoY 649%) and Net Profit of Rs. 353 crore
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
| Amount in Rs. Cr | ||||
|---|---|---|---|---|
| Q2-FY25 | Q2-FY24 | H1-FY25 | H1-FY24 | |
| Net Revenue | 2,811 | 396 | 4,374 | 584 |
| PBT | 411 | (18) | 532 | (84) |
| PAT | 275 | (13) | 353 | (39) |
Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, “In Q2-FY25 we made record deliveries of 30,000+ 4G sites. We had continued success with GPON and DWDM wins, both in India and globally. We remain focused on expanding our product portfolio and pursuing market opportunities in line with our strategy.”
Mr. Sumit Dhingra, CFO said, “In Q2-FY25 we had a strong QoQ and YoY growth with a revenue of 2,811 crore. We ended the quarter with an order book of Rs. 4,845 crore and a net profit of Rs. 275 crore. In this quarter we also completed the merger of Saankhya Labs with Tejas.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that Shri Jyotiraditya M. Scindia, Hon’ble Union Minister of Communications and Development of North Eastern Region inaugurated Tejas Center of Excellence for Wireless Communications at their Bangalore Headquarters. As a part of the visit, the Hon’ble Union Minister also launched the company’s indigenously designed 32T32R Massive MIMO radio capable of delivering 1+ Gbps download speeds using 5G mid-band spectrum.
Congratulating Tejas Networks on this occasion, Hon’ble Union Minister Shri Jyotiraditya Scindia said, “Tejas Networks has demonstrated that Indian companies can design and manufacture high-quality, cutting-edge products and successfully compete against the best global players in the telecom sector. I was truly impressed to see the wide range of world-class wireless and wireline products that Tejas has developed in India that form an integral part of all major networks in India and in several countries around the world.”
The “Tejas Center of Excellence for Wireless Communications” at Tejas Networks seeks to advance research in frontier technologies, standards and architectures that will underpin next-generation mobile networks as they evolve towards 6G and beyond. The Center of Excellence houses state-of-the-art modeling tools and test infrastructure to design, prototype and commercialize innovative wireless products and solutions that will support emerging usage scenarios and applications as envisaged in ITU-R’s IMT-2030 (International Mobile Telecommunications) framework. The center currently focuses on contributions in emerging areas such as AI/ML, Integrated Sensing and Communications (ISAC), Massive MIMO, Terahertz Communications, Reconfigurable Intelligent Surfaces (RIS), Sub-band Full Duplex (SBFD) among others.
Anand Athreya, CEO & Managing Director, Tejas Networks said, “We invest significant resources in R&D and IPR creation and our new Center of Excellence showcases our advanced technological capabilities in wireless communications. We are firmly committed to building a top-tier global telecom and networking company from India and will play our part in helping realize Government of India’s vision of an “Atmanirbhar Bharat” in the telecom sector.”
Congratulating Tejas Networks on this occasion, Hon’ble Union Minister Shri Jyotiraditya Scindia said, “Tejas Networks has demonstrated that Indian companies can design and manufacture high-quality, cutting-edge products and successfully compete against the best global players in the telecom sector. I was truly impressed to see the wide range of world-class wireless and wireline products that Tejas has developed in India that form an integral part of all major networks in India and in several countries around the world.”
The “Tejas Center of Excellence for Wireless Communications” at Tejas Networks seeks to advance research in frontier technologies, standards and architectures that will underpin next-generation mobile networks as they evolve towards 6G and beyond. The Center of Excellence houses state-of-the-art modeling tools and test infrastructure to design, prototype and commercialize innovative wireless products and solutions that will support emerging usage scenarios and applications as envisaged in ITU-R’s IMT-2030 (International Mobile Telecommunications) framework. The center currently focuses on contributions in emerging areas such as AI/ML, Integrated Sensing and Communications (ISAC), Massive MIMO, Terahertz Communications, Reconfigurable Intelligent Surfaces (RIS), Sub-band Full Duplex (SBFD) among others.
Anand Athreya, CEO & Managing Director, Tejas Networks said, “We invest significant resources in R&D and IPR creation and our new Center of Excellence showcases our advanced technological capabilities in wireless communications. We are firmly committed to building a top-tier global telecom and networking company from India and will play our part in helping realize Government of India’s vision of an “Atmanirbhar Bharat” in the telecom sector.”
BENGALURU & DELHI, INDIA & BALTIMORE–(BUSINESS WIRE)–Saankhya Labs, a subsidiary of Tejas Networks, Free Stream Technologies, incubated at Indian Institute of Technology (IIT), Kanpur, and Sinclair, Inc. today announced the companies are collaborating to design and launch a variety of value-for-money mobile phones with augmented Direct-to-Mobile (D2M) broadcast capability. These consumer devices will be powered by Saankhya’s Pruthvi-3 ATSC 3.0 chipsets – the next step in India’s semiconductor journey and Atmanirbhar Bharat (self-reliance).
Saankhya Labs has done pioneering work in bringing to market broadcast radio heads for cellularization of single frequency networks and building the world’s first D2M smartphone (Mark ONE) reference design. For over two years, next-generation D2M technology has undergone trials and field validation in Bengaluru, Delhi, and the United States. Now the partnership is commencing consumer trials for multi-media delivery and datacasting use cases. This development leveraging the first ‘Designed in India’ chip comes on the heels of a strong semiconductor push by the Narendra Modi-led government in India.
Consumer trials will be conducted on a variety of D2M devices comprising smartphones, USB dongle accessories, STB/Gateways, and a low-cost feature phone. They will demonstrate interworking with mobile system-on-a-chip from suppliers with a collective global market share exceeding 70%.
Parag Naik, Founder and CEO of Saankhya Labs said, “As India’s foremost fabless chip company, Saankhya is delighted to see this path-breaking D2M technology getting one step closer to launch. For rapid proliferation of the device ecosystem, we are actively working with a number of mobile device suppliers to develop solutions that integrate our award-winning Software Defined Radio (SDR) chipsets. As an end-to-end originator and supplier of D2M technology – chipsets, radios, software, and network infrastructure, we are fully equipped to rapidly validate end-to-end performance and gear up for launch.”
Chris Ripley, President and CEO of Sinclair said, “I firmly believe that low-cost feature phones will be the biggest driver for domestic demand in India since 4G/5G, incentivizing over 300 million feature phone users to shift to broadcast-enabled phones at a low incremental cost. We expect to launch these devices for trials in the first half of 2025. This competitive market segment can be expected to produce affordable phones for the Indian and global markets.”
“ATSC 3.0’s time and frequency interleaving feature provides excellent mobile performance, which is why we played a foundational role in the creation and deployment of the standard for next-generation broadcast,” he added.
Sumeet Nindrajog, Director of FreeStream said, “Leading mobile brands clearly see the compelling consumer value proposition in D2M service offerings and are gearing up to scale to the needs of the Indian marketplace when deployment takes off. D2M will ride on the tremendous momentum to expand the mobile technology supply chain in India. As India’s first Chips-to-Platform DeepTech startup, FreeStream is working on putting together a D2M ecosystem that will realize PM Modi’s vision of India’s Techade.”
About Saankhya Labs
Saankhya Labs, a subsidiary of Tejas Networks (BSE: 540595) (NSE: TEJASNET), is an innovative leading-edge technology company with a breadth of wireless communication system solutions. Saankhya offers a wide range of communication products for 5G NR, Broadcast, and Satellite Communication applications. With over 100 international technology patents and unique ‘chipset-to-systems’ expertise, Saankhya’s solutions include the award-winning SDR chipsets for communication, next-gen Open RAN Solutions for 5G networks, multi-standard direct-to-mobile (D2M) broadcast, and Satcom solutions. For more information, visit Saankhya Labs at www.saankhyalabs.com.
About Sinclair
Sinclair, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local broadcast television, including news and sports. Sinclair’s Hunt Valley Maryland-based ONE Media subsidiary has a vision to build and globally deploy innovative “Next Generation” platforms and technologies for wireless broadcast of enhanced video, data, and nationally important services. Sinclair and ONE Media regularly use their websites as key sources of company information which can be accessed at www.sbgi.net and www.onemediallc.com respectively.
About FreeStream
Incubated at the prestigious Indian Institute of Technology (IIT) Kanpur, Free Stream Technologies Pvt. Ltd. is India’s first and only ‘Chips to Platform’ DeepTech start-up that is focused on developing, deploying, and managing nationwide network infrastructure for cutting-edge Direct-to-Mobile (D2M) broadcast technology and related platform services. We communicate our growth strategy at www.freestream.ai.
Saankhya Labs has done pioneering work in bringing to market broadcast radio heads for cellularization of single frequency networks and building the world’s first D2M smartphone (Mark ONE) reference design. For over two years, next-generation D2M technology has undergone trials and field validation in Bengaluru, Delhi, and the United States. Now the partnership is commencing consumer trials for multi-media delivery and datacasting use cases. This development leveraging the first ‘Designed in India’ chip comes on the heels of a strong semiconductor push by the Narendra Modi-led government in India.
Consumer trials will be conducted on a variety of D2M devices comprising smartphones, USB dongle accessories, STB/Gateways, and a low-cost feature phone. They will demonstrate interworking with mobile system-on-a-chip from suppliers with a collective global market share exceeding 70%.
Parag Naik, Founder and CEO of Saankhya Labs said, “As India’s foremost fabless chip company, Saankhya is delighted to see this path-breaking D2M technology getting one step closer to launch. For rapid proliferation of the device ecosystem, we are actively working with a number of mobile device suppliers to develop solutions that integrate our award-winning Software Defined Radio (SDR) chipsets. As an end-to-end originator and supplier of D2M technology – chipsets, radios, software, and network infrastructure, we are fully equipped to rapidly validate end-to-end performance and gear up for launch.”
Chris Ripley, President and CEO of Sinclair said, “I firmly believe that low-cost feature phones will be the biggest driver for domestic demand in India since 4G/5G, incentivizing over 300 million feature phone users to shift to broadcast-enabled phones at a low incremental cost. We expect to launch these devices for trials in the first half of 2025. This competitive market segment can be expected to produce affordable phones for the Indian and global markets.”
“ATSC 3.0’s time and frequency interleaving feature provides excellent mobile performance, which is why we played a foundational role in the creation and deployment of the standard for next-generation broadcast,” he added.
Sumeet Nindrajog, Director of FreeStream said, “Leading mobile brands clearly see the compelling consumer value proposition in D2M service offerings and are gearing up to scale to the needs of the Indian marketplace when deployment takes off. D2M will ride on the tremendous momentum to expand the mobile technology supply chain in India. As India’s first Chips-to-Platform DeepTech startup, FreeStream is working on putting together a D2M ecosystem that will realize PM Modi’s vision of India’s Techade.”
About Saankhya Labs
Saankhya Labs, a subsidiary of Tejas Networks (BSE: 540595) (NSE: TEJASNET), is an innovative leading-edge technology company with a breadth of wireless communication system solutions. Saankhya offers a wide range of communication products for 5G NR, Broadcast, and Satellite Communication applications. With over 100 international technology patents and unique ‘chipset-to-systems’ expertise, Saankhya’s solutions include the award-winning SDR chipsets for communication, next-gen Open RAN Solutions for 5G networks, multi-standard direct-to-mobile (D2M) broadcast, and Satcom solutions. For more information, visit Saankhya Labs at www.saankhyalabs.com.
About Sinclair
Sinclair, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local broadcast television, including news and sports. Sinclair’s Hunt Valley Maryland-based ONE Media subsidiary has a vision to build and globally deploy innovative “Next Generation” platforms and technologies for wireless broadcast of enhanced video, data, and nationally important services. Sinclair and ONE Media regularly use their websites as key sources of company information which can be accessed at www.sbgi.net and www.onemediallc.com respectively.
About FreeStream
Incubated at the prestigious Indian Institute of Technology (IIT) Kanpur, Free Stream Technologies Pvt. Ltd. is India’s first and only ‘Chips to Platform’ DeepTech start-up that is focused on developing, deploying, and managing nationwide network infrastructure for cutting-edge Direct-to-Mobile (D2M) broadcast technology and related platform services. We communicate our growth strategy at www.freestream.ai.
Q1 25 revenue was Rs. 1,563 crore (YoY 731%) and Net Profit was Rs.77 crore
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the first quarter ended June 30, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, “In Q1-FY25 we significantly scaled up our wireless manufacturing capacity and deliveries, leading to approximately 27,000 sites shipped cumulatively. In this quarter we also made releases for new radios in additional 4G bands, for production in Q2. Our wireline business was mainly driven by shipments to our run-rate customers for GPON and DWDM equipment, both in India and globally. We also won strategic deals with an operator in the US for network modernization, and a leading operator in SE Asia for broadband rollout.”
Mr. Sumit Dhingra, CFO said, “In Q1-FY25 we continued our strong QoQ and YoY growth with a revenue of 1,563 crore. We ended the quarter with an order book of Rs. 7,091 crore and a net profit of Rs. 77 crore. We continue to increase investments in R&D and operations which is important for long term growth and value creation. The merger of Saankhya Labs with Tejas is in an advanced stage and the NCLT has reserved the matter for orders.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the first quarter ended June 30, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
| Amount in Rs. Cr | |||
|---|---|---|---|
| Q1-FY25 | Q1-FY24 | FY24 | |
| Net Revenue | 1,536 | 188 | 2,471 |
| PBT | 122 | (66) | 100 |
| PAT | 77 | (26) | 63 |
Mr. Sumit Dhingra, CFO said, “In Q1-FY25 we continued our strong QoQ and YoY growth with a revenue of 1,563 crore. We ended the quarter with an order book of Rs. 7,091 crore and a net profit of Rs. 77 crore. We continue to increase investments in R&D and operations which is important for long term growth and value creation. The merger of Saankhya Labs with Tejas is in an advanced stage and the NCLT has reserved the matter for orders.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has been conferred the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023 in the ‘Telecom Equipment Research and Manufacturing’ category. Instituted by the Department of Telecommunications, Government of India, the awards recognize exemplary and outstanding contributions in the areas of telecom innovations, skilling, services, manufacturing and applications.
The award was presented by Shri Jyotiraditya Scindia, Hon’ble Minister of Communications and Development of North Eastern Region, Government of India at a function organized at The Oberoi, New Delhi yesterday evening. The ceremony was also graced by Dr. Neeraj Mittal, IAS, Chairman DCC & Secretary (T), Department of Telecommunications.
Speaking on the occasion, Dr. Kumar N. Sivarajan, CTO & Co-founder of Tejas Networks said, “We are delighted to win the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award for advancing telecom innovations and equipment manufacturing. As a leading R&D driven telecom and networking company, the award underscores our strong commitment and consistent focus on technology excellence and design-led manufacturing. Over the years, this has enabled us to create a world-class product portfolio spanning wireless, broadband, optical and packet networking technologies, all of which are conceived, designed and manufactured in India. Government of India’s forward-looking policies to promote Atmanirbharta in the telecom sector are helping us to further enhance our R&D and manufacturing capabilities to achieve global scale.”
The award was presented by Shri Jyotiraditya Scindia, Hon’ble Minister of Communications and Development of North Eastern Region, Government of India at a function organized at The Oberoi, New Delhi yesterday evening. The ceremony was also graced by Dr. Neeraj Mittal, IAS, Chairman DCC & Secretary (T), Department of Telecommunications.
Speaking on the occasion, Dr. Kumar N. Sivarajan, CTO & Co-founder of Tejas Networks said, “We are delighted to win the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award for advancing telecom innovations and equipment manufacturing. As a leading R&D driven telecom and networking company, the award underscores our strong commitment and consistent focus on technology excellence and design-led manufacturing. Over the years, this has enabled us to create a world-class product portfolio spanning wireless, broadband, optical and packet networking technologies, all of which are conceived, designed and manufactured in India. Government of India’s forward-looking policies to promote Atmanirbharta in the telecom sector are helping us to further enhance our R&D and manufacturing capabilities to achieve global scale.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the fourth quarter ended March 31, 2024. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks.
Mr. Anand Athreya, Managing Director and CEO of Tejas Networks said, “Q4-FY24 has been a milestone quarter for the company. With our strong revenue growth, we have achieved the scale in our business that reflects in our profitability in line with the significant investments that we have made during FY24. We not only ramped up BSNL’s 4G/5G RAN shipments, but also completed the delivery of the large volume of IP/MPLS routers for the backhaul network. During Q4, we were granted 22 patents, taking our total patent count to 335.”
Mr. Sumit Dhingra, CFO said, “Our consolidated revenue for Q4-FY24 and FY24 were significantly higher than the corresponding numbers in FY23. During FY24 we have made major investments to ramp up our R&D team and operations which are essential to deliver the growth potential of the company. We completed FY24 with a net profit of Rs. 63 crore, a strong order book of Rs. 8,221 crore.” As on December 31, 2023, Tejas and its subsidiaries have filed for 445 patents of which 313 have been granted.
| Amount in Rs. cr | ||||
|---|---|---|---|---|
| Q4-FY24 | Q4-FY23 | FY24 | FY23 | |
| Net Revenue | 1,326.9 | 299.3 | 2,470.9 | 921.5 |
| PBT | 232.6 | (27.0) | 100.2 | (42.7) |
| PAT | 146.8 | (11.5) | 63.0 | (36.4) |
Mr. Sumit Dhingra, CFO said, “Our consolidated revenue for Q4-FY24 and FY24 were significantly higher than the corresponding numbers in FY23. During FY24 we have made major investments to ramp up our R&D team and operations which are essential to deliver the growth potential of the company. We completed FY24 with a net profit of Rs. 63 crore, a strong order book of Rs. 8,221 crore.” As on December 31, 2023, Tejas and its subsidiaries have filed for 445 patents of which 313 have been granted.
