Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that C3ntro Telecom, a leading wholesale carrier based in Mexico, has chosen to expand existing partnership with Tejas Networks for the upgrade of its high-speed Backbone and Broadband network. Based in Mexico City, with coverage in major cities, C3ntro Telecom is the operator of choice for advanced data connectivity, international voice and SMS. C3ntro will deploy Tejas’ multi-terabit TJ1600 OTN/DWDM products to enhance bandwidth capacity on their optical backbone network to meet the massive surge in data center interconnect, broadband traffic from Work from Home (WFH), Video-on-Demand (VOD) and online learning.
Broadband is a key growth segment in Mexico’s telecoms market. With a population of 129 million, there is significant pent-up demand for fiber and mobile broadband services in the country. C3ntro Telecom is playing a vital role in providing high speed voice and data connectivity for residential and enterprise customers in Mexico, USA and LATAM.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are pleased to expand our partnership with C3ntro Telecom. We are delighted that we have been selected by C3ntro to deploy our optical transport products across all major metros in Mexico, to build a scalable and flexible fiber-optic network infrastructure.”
Mr. Simon Masri, CEO at C3ntro Telecom said “We are happy to select Tejas for our next phase of network expansion. Starting with our first MPLS-TP/PTN deployment from Mexico City to Dallas in 2018, to recently fortifying our core network with 100G OTN/DWDM, Tejas’ pay-as-you-grow solution has been the right approach for our network expansion. Tejas products have stood the test of time in providing consistent high availability with an SLA of 99.999%, enabling highly reliable service delivery to other tier-1 international carriers using our platform.”
Mr Shirish Purohit, Head of Sales at Tejas Networks added, “We highly value our partnership with C3ntro. They have been able to quickly deliver new services with our software-defined hardware product architecture that supports flexibility of hardware to configure diverse services on the same platform with seamless upgrades to higher capacities.”
Broadband is a key growth segment in Mexico’s telecoms market. With a population of 129 million, there is significant pent-up demand for fiber and mobile broadband services in the country. C3ntro Telecom is playing a vital role in providing high speed voice and data connectivity for residential and enterprise customers in Mexico, USA and LATAM.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are pleased to expand our partnership with C3ntro Telecom. We are delighted that we have been selected by C3ntro to deploy our optical transport products across all major metros in Mexico, to build a scalable and flexible fiber-optic network infrastructure.”
Mr. Simon Masri, CEO at C3ntro Telecom said “We are happy to select Tejas for our next phase of network expansion. Starting with our first MPLS-TP/PTN deployment from Mexico City to Dallas in 2018, to recently fortifying our core network with 100G OTN/DWDM, Tejas’ pay-as-you-grow solution has been the right approach for our network expansion. Tejas products have stood the test of time in providing consistent high availability with an SLA of 99.999%, enabling highly reliable service delivery to other tier-1 international carriers using our platform.”
Mr Shirish Purohit, Head of Sales at Tejas Networks added, “We highly value our partnership with C3ntro. They have been able to quickly deliver new services with our software-defined hardware product architecture that supports flexibility of hardware to configure diverse services on the same platform with seamless upgrades to higher capacities.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that its versatile TJ1400 UltraFlex access/edge product family that has been shortlisted for the prestigious GLOTEL award in the “Fixed Networks Evolution” category. GLOTEL awards, organized by Telecoms.com (Informa), recognises global companies involved in advancing and transforming today’s telecoms industry through network innovations and excellence. The company also announced that it is witnessing strong customer success with its TJ1400 product and has crossed a major milestone of shipping over 100,000 GPON OLT (Optical Line Terminal) ports to fiber broadband service providers worldwide.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are proud that our TJ1400 UltraFlex has been named as a finalist for telecom industry’s leading innovation awards. TJ1400 UltraFlex, our flagship FTTH (Fiber-to-the-Home) product is being used for covering over 10 million home passes, both in greenfield as well as brownfield deployments. In addition to being deployed in many countries around the world, TJ1400 has the unique distinction of being successfully deployed in the world’s largest rural broadband as well as one of the world’s largest public Wi-Fi networks, delivering high-speed broadband services to over 100 million people each day.”
Mr. Arnob Roy, Whole-time Director and COO of Tejas Networks said, “The unrelenting growth of network traffic due to work-from-home, online learning and video-on-demand is driving large-scale adoption of GPON/NG-PON technologies in high-speed fiber broadband networks. TJ1400 UltraFlex product family with its diverse form factors, superior architectural flexibility, and cost-effective integration of broadband access, packet transport and IP technologies, is an ideal choice to address this exploding bandwidth demand. In addition to GPON/NG-PON technologies, our innovative TJ1400 UltraFlex also supports FWA (Fixed Wireless Access) as well as multi-Gigabit Active Ethernet services from the same, integrated platform. The GLOTEL award is a powerful testimony to our emergence as a leading global innovator for broadband access solutions.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are proud that our TJ1400 UltraFlex has been named as a finalist for telecom industry’s leading innovation awards. TJ1400 UltraFlex, our flagship FTTH (Fiber-to-the-Home) product is being used for covering over 10 million home passes, both in greenfield as well as brownfield deployments. In addition to being deployed in many countries around the world, TJ1400 has the unique distinction of being successfully deployed in the world’s largest rural broadband as well as one of the world’s largest public Wi-Fi networks, delivering high-speed broadband services to over 100 million people each day.”
Mr. Arnob Roy, Whole-time Director and COO of Tejas Networks said, “The unrelenting growth of network traffic due to work-from-home, online learning and video-on-demand is driving large-scale adoption of GPON/NG-PON technologies in high-speed fiber broadband networks. TJ1400 UltraFlex product family with its diverse form factors, superior architectural flexibility, and cost-effective integration of broadband access, packet transport and IP technologies, is an ideal choice to address this exploding bandwidth demand. In addition to GPON/NG-PON technologies, our innovative TJ1400 UltraFlex also supports FWA (Fixed Wireless Access) as well as multi-Gigabit Active Ethernet services from the same, integrated platform. The GLOTEL award is a powerful testimony to our emergence as a leading global innovator for broadband access solutions.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2020. Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks.
For Q2 2021, consolidated net revenue was Rs. 106.8 crore, which was a YoY increase of 25.5%, resulting in a profit after tax of Rs. 4.5 crore, as compared to a loss of Rs. 4.4 crore for corresponding previous period.
For the half year ended September 30, 2020, net revenue was Rs. 184.2 crore, which was a YoY decline of 23.8%, resulting in a loss of Rs. 5.2 crore, as compared to a profit after tax of Rs. 1.5 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We had strong revenue growth in Q2 and we were profitable in this quarter. We continue to see good order inflow, resulting in an improvement in our order book to Rs. 599 crore, as on September 30, 2020. Our international revenues showed robust YoY growth of 64.2% during the first six months, led by growth in Africa and South-East Asia. With more people working remotely and many video services being accessed from homes, there has been a significant increase in data traffic on telecom networks globally, which is driving the demand for our equipment.”
Mr. Venkatesh Gadiyar, CFO said, “We generated cash of Rs. 45 crore from operations during this quarter and our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 299 crore as on September 30, 2020. We also improved our working capital, despite payment delays from some Government customers, and we continue to be a debt-free Company. We expect to see further improvement in our financial performance during the second half of the year.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 118 patents.
For Q2 2021, consolidated net revenue was Rs. 106.8 crore, which was a YoY increase of 25.5%, resulting in a profit after tax of Rs. 4.5 crore, as compared to a loss of Rs. 4.4 crore for corresponding previous period.
For the half year ended September 30, 2020, net revenue was Rs. 184.2 crore, which was a YoY decline of 23.8%, resulting in a loss of Rs. 5.2 crore, as compared to a profit after tax of Rs. 1.5 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We had strong revenue growth in Q2 and we were profitable in this quarter. We continue to see good order inflow, resulting in an improvement in our order book to Rs. 599 crore, as on September 30, 2020. Our international revenues showed robust YoY growth of 64.2% during the first six months, led by growth in Africa and South-East Asia. With more people working remotely and many video services being accessed from homes, there has been a significant increase in data traffic on telecom networks globally, which is driving the demand for our equipment.”
Mr. Venkatesh Gadiyar, CFO said, “We generated cash of Rs. 45 crore from operations during this quarter and our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 299 crore as on September 30, 2020. We also improved our working capital, despite payment delays from some Government customers, and we continue to be a debt-free Company. We expect to see further improvement in our financial performance during the second half of the year.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 118 patents.
Tejas Networks [BSE: 540595, NSE: TEJASNET] announced that it has received purchase order of Rs. 32 crores from Sterlite Technologies (STL) [NSE: STRTECH] and L&T Construction for its GPON (Gigabit Passive Optical Network) fiber-to-the-home (FTTH) equipment for a state-led BharatNet project in south India.
Tejas Networks will supply its state-of-the-art GPON OLT and ONT products for this project, which is being funded as a part of BharatNet, the world’s largest rural broadband project that aims to deliver high-speed Internet connectivity over optical fiber to all the villages in India. Tejas Networks is already the leading supplier of GPON OLT/ONT products for BharatNet Phase-1 project and has been honoured by Government of India as one of the best performing equipment suppliers for BharatNet Phase-1.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are excited to partner with Sterlite Technologies and L&T Construction on this important government project to eliminate the digital divide between urban and rural population. Our GPON and NG-PON products are clearly emerging as globally competitive on all aspects and are being deployed by Tier-1 service providers both in India and around the world. At Tejas, we are fully committed to do our part in fulfilling honourable Prime Minister of India’s dream of an “Atmanirbhar Bharat” in telecom equipment and to help connect every village in the country on BharatNet in the next 1000 days.”
Tejas Networks will supply its state-of-the-art GPON OLT and ONT products for this project, which is being funded as a part of BharatNet, the world’s largest rural broadband project that aims to deliver high-speed Internet connectivity over optical fiber to all the villages in India. Tejas Networks is already the leading supplier of GPON OLT/ONT products for BharatNet Phase-1 project and has been honoured by Government of India as one of the best performing equipment suppliers for BharatNet Phase-1.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are excited to partner with Sterlite Technologies and L&T Construction on this important government project to eliminate the digital divide between urban and rural population. Our GPON and NG-PON products are clearly emerging as globally competitive on all aspects and are being deployed by Tier-1 service providers both in India and around the world. At Tejas, we are fully committed to do our part in fulfilling honourable Prime Minister of India’s dream of an “Atmanirbhar Bharat” in telecom equipment and to help connect every village in the country on BharatNet in the next 1000 days.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] announced that it has received a purchase order of Rs. 66 crores from L&T Construction, to supply its GPON based fiber-broadband products and high-performance Metro Ethernet switches for a prestigious Indian defence network project. The order was received during last quarter and the first set of supplies have started this quarter.
Larsen & Toubro (L&T) Construction is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue and operating in 30+ countries.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are honoured to be selected as a communications equipment supplier for this prestigious Indian defence project. It is a matter of great pride that our designed and made in India GPON OLT/ONT products and Metro Ethernet switches will be deployed in this strategic network. This win reinforces our technology strengths and credibility as a trusted provider of defence communication equipment to tri-services, since we have earlier supplied our DWDM and Layer-3 Multi-Gigabit Ethernet switches for the Indian Navy network and our Layer-2 Gigabit Ethernet switches for the Indian Air Force network. With over 10,000 nodes installed in various defence networks across India, we have demonstrated that we are making great progress towards realizing the vision of “Atmanirbhar Bharat” for secured communication infrastructure”.
Larsen & Toubro (L&T) Construction is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue and operating in 30+ countries.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are honoured to be selected as a communications equipment supplier for this prestigious Indian defence project. It is a matter of great pride that our designed and made in India GPON OLT/ONT products and Metro Ethernet switches will be deployed in this strategic network. This win reinforces our technology strengths and credibility as a trusted provider of defence communication equipment to tri-services, since we have earlier supplied our DWDM and Layer-3 Multi-Gigabit Ethernet switches for the Indian Navy network and our Layer-2 Gigabit Ethernet switches for the Indian Air Force network. With over 10,000 nodes installed in various defence networks across India, we have demonstrated that we are making great progress towards realizing the vision of “Atmanirbhar Bharat” for secured communication infrastructure”.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the first quarter ended June 30, 2020. Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks.
For Q1 2021, our consolidated revenues (net of pass-through component sale) were Rs. 77.4 crore which was a YoY decline of 50.6% resulting in a loss after tax of Rs. 9.8 crore, as compared to a profit after tax of Rs. 5.9 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “Our revenues during the quarter were impacted due to COVID-19 lockdowns affecting our ability to fulfill customer orders. During the quarter, we saw strong new order intake of Rs. 188 crore, taking our total order book to Rs. 593 crores, which is the highest we had seen in the last 8 quarters. In addition, we secured wins from multiple Tier-1 operators for our GPON-based home-broadband products. As a leading pure-play telecom product company from India, we are well positioned to capitalize on the opportunities opening up due to Government of India’s focus to create “Atmanirbhar Bharat”.
Export revenues showed robust YoY growth of 52% during the quarter. In addition, we won over million dollar deals each, from 3 different international customers in Asia, Africa and Mid-east. We are seeing new opportunities coming our way, as our global customers look to de-risk and diversify their supply chain investments in the evolving geo-political environment.”
Post-COVID, with more people working remotely and many video services being accessed from homes, there has been a significant increase in data traffic on telecom networks, which is driving demand for high-bandwidth broadband connections. Telecom operators are increasing their capex to address fiber-to-the-home broadband requirements and to augment the capacity of their optical networks- both of which are being addressed by Company’s products.
“Our strong order book position even during the pandemic, is a clear testimony to the resilience of our business. We are more relevant to our customers today than in the past.” said Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks.
Mr. Venkatesh Gadiyar, CFO said, “We continue to be a debt-free Company and our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, stood at Rs. 272 crore. We managed our working capital well, despite seeing certain payment delays from customers due to COVID-19 situation. While the uncertainty due to economic impact of COVID-19 remains, financially we are well positioned to invest in growth opportunities in front of us.”
As on date, we have filed for 349 patents and have been granted 116 patents.
For Q1 2021, our consolidated revenues (net of pass-through component sale) were Rs. 77.4 crore which was a YoY decline of 50.6% resulting in a loss after tax of Rs. 9.8 crore, as compared to a profit after tax of Rs. 5.9 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “Our revenues during the quarter were impacted due to COVID-19 lockdowns affecting our ability to fulfill customer orders. During the quarter, we saw strong new order intake of Rs. 188 crore, taking our total order book to Rs. 593 crores, which is the highest we had seen in the last 8 quarters. In addition, we secured wins from multiple Tier-1 operators for our GPON-based home-broadband products. As a leading pure-play telecom product company from India, we are well positioned to capitalize on the opportunities opening up due to Government of India’s focus to create “Atmanirbhar Bharat”.
Export revenues showed robust YoY growth of 52% during the quarter. In addition, we won over million dollar deals each, from 3 different international customers in Asia, Africa and Mid-east. We are seeing new opportunities coming our way, as our global customers look to de-risk and diversify their supply chain investments in the evolving geo-political environment.”
Post-COVID, with more people working remotely and many video services being accessed from homes, there has been a significant increase in data traffic on telecom networks, which is driving demand for high-bandwidth broadband connections. Telecom operators are increasing their capex to address fiber-to-the-home broadband requirements and to augment the capacity of their optical networks- both of which are being addressed by Company’s products.
“Our strong order book position even during the pandemic, is a clear testimony to the resilience of our business. We are more relevant to our customers today than in the past.” said Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks.
Mr. Venkatesh Gadiyar, CFO said, “We continue to be a debt-free Company and our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, stood at Rs. 272 crore. We managed our working capital well, despite seeing certain payment delays from customers due to COVID-19 situation. While the uncertainty due to economic impact of COVID-19 remains, financially we are well positioned to invest in growth opportunities in front of us.”
As on date, we have filed for 349 patents and have been granted 116 patents.
