Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the fourth quarter ended March 31, 2021. Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks.
For Q4-FY21, consolidated net revenue was Rs. 201.6 crore, which was a YoY increase of 282.6%*, resulting in a profit before tax of Rs. 18.5 crore as compared to a loss before tax and before impairment of intangible assets of Rs. 56.7 crore, for corresponding previous period. Profit after tax was Rs. 33.6 crore as compared to loss after tax and before impairment of intangible asset of Rs. 56.7 crore for corresponding previous period.
For the year ended March 31, 2021, net revenue was Rs. 514.8 crore, which was a YoY increase of 35.6%, with a profit before tax of Rs. 22.5 crore as compared to a loss before tax and before impairment of intangibles was Rs. 68.7 crore for corresponding previous period. Profit after tax was Rs. 37.5 crore as compared to a loss after tax and before impairment of intangible asset of Rs. 167.3 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We ended our financial year with strong revenue as well as profitability growth in Q4-FY21. Our international business during the year saw a robust YoY revenue growth of 62% and was 40% of our total revenue (up from 33% during FY20), led by customers in Africa, Mid-east and South-East Asia. We are seeing positive tailwinds for our business in India due to increased demand for high-speed broadband connections and Government policy for promoting domestic telecom equipment. We continued to see strong order inflows as well as new customer wins, resulting in a YoY booking growth of 54% and we ended the year with an order book of Rs. 679 crore.”
Mr. Venkatesh Gadiyar, CFO said, “Our quarterly financial performance continues to improve, as we generated cash of Rs. 47 crore and Rs. 158 crore from operations during Q4-FY21 and full FY21 respectively. We also improved our working capital, with reduction in inventory levels as well as receivables. During the quarter, our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved by Rs. 29 crore to Rs. 364 crore as on March 31, 2021 and we continue to be a debt-free Company.”
As on date, we have filed for 349 patents of which 127 have been granted.
* Q4 FY-20 was an exception
For Q4-FY21, consolidated net revenue was Rs. 201.6 crore, which was a YoY increase of 282.6%*, resulting in a profit before tax of Rs. 18.5 crore as compared to a loss before tax and before impairment of intangible assets of Rs. 56.7 crore, for corresponding previous period. Profit after tax was Rs. 33.6 crore as compared to loss after tax and before impairment of intangible asset of Rs. 56.7 crore for corresponding previous period.
For the year ended March 31, 2021, net revenue was Rs. 514.8 crore, which was a YoY increase of 35.6%, with a profit before tax of Rs. 22.5 crore as compared to a loss before tax and before impairment of intangibles was Rs. 68.7 crore for corresponding previous period. Profit after tax was Rs. 37.5 crore as compared to a loss after tax and before impairment of intangible asset of Rs. 167.3 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We ended our financial year with strong revenue as well as profitability growth in Q4-FY21. Our international business during the year saw a robust YoY revenue growth of 62% and was 40% of our total revenue (up from 33% during FY20), led by customers in Africa, Mid-east and South-East Asia. We are seeing positive tailwinds for our business in India due to increased demand for high-speed broadband connections and Government policy for promoting domestic telecom equipment. We continued to see strong order inflows as well as new customer wins, resulting in a YoY booking growth of 54% and we ended the year with an order book of Rs. 679 crore.”
Mr. Venkatesh Gadiyar, CFO said, “Our quarterly financial performance continues to improve, as we generated cash of Rs. 47 crore and Rs. 158 crore from operations during Q4-FY21 and full FY21 respectively. We also improved our working capital, with reduction in inventory levels as well as receivables. During the quarter, our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved by Rs. 29 crore to Rs. 364 crore as on March 31, 2021 and we continue to be a debt-free Company.”
As on date, we have filed for 349 patents of which 127 have been granted.
* Q4 FY-20 was an exception
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that GigNet, a leading digital infrastructure company in Mexico, has selected the company’s optical networking and broadband access products for their state-of-the-art, high-capacity fiber optic network expansion in the Cancun region of Mexico.
GigNet is a premier digital infrastructure company with a comprehensive digital services portfolio of Internet, WiFi, fiber-to-the-home, and other advanced solutions for hospitality and enterprise customers in Mexico. To support the rapid growth of GigNet’s “Smart Communities” business segment for planned developments across the region, Tejas Networks will supply its full range of last-mile access products based on GPON/NG-PON fiber broadband technology, ultra-converged packet aggregation products based on MPLS-TP/PTN technology, and terabit-scale optical backbone products based on OTN/DWDM technology, all centrally managed by a universal and versatile SDN-ready network management system (NMS).
Paul A. Moore, Chairman & CEO of GigNet said, “GigNet prides itself for being the broadband provider of choice for sophisticated business customers and developers in Mexico demanding the strictest reliability, quality and service-level guarantees. GigNet has ambitious plans in Cancun and Riviera Maya as the leader in the digital transformation for enterprises, residential developers and service providers seeking high-speed connectivity and access to services such as streaming, cloud services, social media, biometric security, and data analytics. We selected Tejas for their innovative, software-defined hardware™ architecture that enables extreme service agility and seamless feature upgrades to new technologies, to help us maintain our competitive advantage. They have also demonstrated outstanding technical support capabilities locally in Mexico and have been very responsive to our rapidly accelerating customer installations.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to partner with GigNet as they increase their robust, flexible and scalable network to profitably deliver premium, SLA-driven services to their customers, using our innovative products. We are excited that they have selected our end-to-end optical and access products, for this prestigious network in Mexico.”
GigNet is a premier digital infrastructure company with a comprehensive digital services portfolio of Internet, WiFi, fiber-to-the-home, and other advanced solutions for hospitality and enterprise customers in Mexico. To support the rapid growth of GigNet’s “Smart Communities” business segment for planned developments across the region, Tejas Networks will supply its full range of last-mile access products based on GPON/NG-PON fiber broadband technology, ultra-converged packet aggregation products based on MPLS-TP/PTN technology, and terabit-scale optical backbone products based on OTN/DWDM technology, all centrally managed by a universal and versatile SDN-ready network management system (NMS).
Paul A. Moore, Chairman & CEO of GigNet said, “GigNet prides itself for being the broadband provider of choice for sophisticated business customers and developers in Mexico demanding the strictest reliability, quality and service-level guarantees. GigNet has ambitious plans in Cancun and Riviera Maya as the leader in the digital transformation for enterprises, residential developers and service providers seeking high-speed connectivity and access to services such as streaming, cloud services, social media, biometric security, and data analytics. We selected Tejas for their innovative, software-defined hardware™ architecture that enables extreme service agility and seamless feature upgrades to new technologies, to help us maintain our competitive advantage. They have also demonstrated outstanding technical support capabilities locally in Mexico and have been very responsive to our rapidly accelerating customer installations.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to partner with GigNet as they increase their robust, flexible and scalable network to profitably deliver premium, SLA-driven services to their customers, using our innovative products. We are excited that they have selected our end-to-end optical and access products, for this prestigious network in Mexico.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has signed a multi-year contract with Asia Consultancy Group (ACG), a leading independent private company providing Telecommunications infrastructure, managed & engineering services across Afghanistan. ACG with its headquarters in USA, is a full life-cycle managed network service provider in Afghanistan for last many years. As part of this contract, Tejas will supply its state of the art 100G-600G capable DWDM/OTN and PTN products to establish a high-capacity national backbone and packet access network in Afghanistan.
“At ACG, we are committed to develop a state-of-the-art, terabit-scale optical network that can cost-effectively address the escalating network capacity requirements of our service provider customers. After a rigorous evaluation process, we selected Tejas’s TJ1600 Metro and Long-haul DWDM/OTN products and TJ1400 PTN products for this important build-out. We are truly impressed by their scalability, extreme flexibility and operational simplicity when compared to other competitive offerings in the market today.” said Dr. Dzung Nguyen, CTO of ACG. “We look forward to working closely with the Tejas Networks team to ensure that we fully leverage the advanced capabilities of their products and implement an agile and future-proof network that can adapt well to the explosive growth in Afghanistan’s mobile, broadband and cloud services markets in the coming years.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted that ACG has chosen Tejas as their core technology partner to implement a state-of-the-art Carrier-of-Carrier network for telcos, businesses and government institutions in Afghanistan. Our TJ1600 DWDM/OTN products have an innovative software-defined hardware™ architecture that enables next-generation wholesale telecom carriers like ACG to scale-up their network capacity in cost-effective increments and align their capex investments in line with their services and revenue growth. Our partnership with ACG exemplifies our emergence as a trusted global supplier of a full range of optical transmission products for access, metro and core networks.”
Mr. Yogesh Verma, Vice President for MENA region at Tejas Networks said, “ACG is committed to offer highly reliable bandwidth services to its customers. With our state-of-the-art technology and superior support, ACG can continue to deliver on their committed SLAs and ensure vital connectivity where it’s most needed. We are excited to support ACG in realizing a scalable and robust optical infrastructure that enables profitable transport and delivery of high-quality bandwidth services to Afghan operators and businesses at the lowest cost per bit.”
“At ACG, we are committed to develop a state-of-the-art, terabit-scale optical network that can cost-effectively address the escalating network capacity requirements of our service provider customers. After a rigorous evaluation process, we selected Tejas’s TJ1600 Metro and Long-haul DWDM/OTN products and TJ1400 PTN products for this important build-out. We are truly impressed by their scalability, extreme flexibility and operational simplicity when compared to other competitive offerings in the market today.” said Dr. Dzung Nguyen, CTO of ACG. “We look forward to working closely with the Tejas Networks team to ensure that we fully leverage the advanced capabilities of their products and implement an agile and future-proof network that can adapt well to the explosive growth in Afghanistan’s mobile, broadband and cloud services markets in the coming years.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted that ACG has chosen Tejas as their core technology partner to implement a state-of-the-art Carrier-of-Carrier network for telcos, businesses and government institutions in Afghanistan. Our TJ1600 DWDM/OTN products have an innovative software-defined hardware™ architecture that enables next-generation wholesale telecom carriers like ACG to scale-up their network capacity in cost-effective increments and align their capex investments in line with their services and revenue growth. Our partnership with ACG exemplifies our emergence as a trusted global supplier of a full range of optical transmission products for access, metro and core networks.”
Mr. Yogesh Verma, Vice President for MENA region at Tejas Networks said, “ACG is committed to offer highly reliable bandwidth services to its customers. With our state-of-the-art technology and superior support, ACG can continue to deliver on their committed SLAs and ensure vital connectivity where it’s most needed. We are excited to support ACG in realizing a scalable and robust optical infrastructure that enables profitable transport and delivery of high-quality bandwidth services to Afghan operators and businesses at the lowest cost per bit.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the third quarter ended December 31, 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 Q3 2021, consolidated net revenue was Rs. 129.1 crore, which was a YoY increase of 51.2%, resulting in a profit before tax of Rs. 9.2 crore as compared to a loss before tax of Rs. 14.8 crore for corresponding previous period. Profit after tax was Rs. 9.2 crore as compared to loss after tax of Rs. 112.1 crore for corresponding previous period.
For the nine months ended December 31, 2020, net revenue was Rs. 313.3 crore, which was a YoY decline of 4.2%, with a profit before tax of Rs. 4.0 crore as compared to a loss before tax of Rs. 12.0 crore for corresponding previous period. . Profit after tax was Rs. 4.0 crore as compared to a loss after tax of Rs. 110.6 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We continued to build on our momentum of revenue as well as profitability growth during Q3. We also had strong order inflows and new customer wins, resulting in order book of Rs. 672 crore, as on December 31, 2020. Our international business for the first nine months saw a YoY revenue growth of 26.9%, led by customers in Africa, Mid-east and South-East Asia. With increased demand for high-speed home broadband connections on optical fiber and the need for telecom operators to upgrade their backbone network capacity, we see a robust demand for our equipment globally.”
Mr. Venkatesh Gadiyar, CFO said, “Our quarterly financial performance continues to improve, as we generated cash of Rs. 55 crore from operations and also reduced our working capital by Rs. 43 crore during Q3. Our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 335 crore as on December 31, 2020 and we continue to be a debt-free Company.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 120 patents.
For Q3 2021, consolidated net revenue was Rs. 129.1 crore, which was a YoY increase of 51.2%, resulting in a profit before tax of Rs. 9.2 crore as compared to a loss before tax of Rs. 14.8 crore for corresponding previous period. Profit after tax was Rs. 9.2 crore as compared to loss after tax of Rs. 112.1 crore for corresponding previous period.
For the nine months ended December 31, 2020, net revenue was Rs. 313.3 crore, which was a YoY decline of 4.2%, with a profit before tax of Rs. 4.0 crore as compared to a loss before tax of Rs. 12.0 crore for corresponding previous period. . Profit after tax was Rs. 4.0 crore as compared to a loss after tax of Rs. 110.6 crore for corresponding previous period.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We continued to build on our momentum of revenue as well as profitability growth during Q3. We also had strong order inflows and new customer wins, resulting in order book of Rs. 672 crore, as on December 31, 2020. Our international business for the first nine months saw a YoY revenue growth of 26.9%, led by customers in Africa, Mid-east and South-East Asia. With increased demand for high-speed home broadband connections on optical fiber and the need for telecom operators to upgrade their backbone network capacity, we see a robust demand for our equipment globally.”
Mr. Venkatesh Gadiyar, CFO said, “Our quarterly financial performance continues to improve, as we generated cash of Rs. 55 crore from operations and also reduced our working capital by Rs. 43 crore during Q3. Our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, improved to Rs. 335 crore as on December 31, 2020 and we continue to be a debt-free Company.”
As on date, we have filed for 349 patents and during the quarter, we were granted 2 patents bringing our cumulative grant to 120 patents.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia. As per the contract, Tejas will supply and install its award-winning TJ1400 ultra-converged broadband products (TJ1400UCB) to extend high-speed broadband services to underserved rural communities in the region. The project is expected to be executed within the next 12 months.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband services on optical fiber, wireless or copper media, as per available infrastructure, at highly affordable costs. Tejas was selected because of our cutting-edge products, as well as our vast experience in timely rollouts of large-scale broadband access and optical transmission networks around the globe, including Government of India’s BharatNet and Railway WiFi projects.
Dr. Kumar N. Sivarajan, Chief Technology Officer (CTO) of Tejas Networks, said, “We are excited that Tejas has been selected as the primary telecom equipment supplier for this challenging project. Ubiquitous and affordable broadband has become a necessity in modern life and is a critical tool to deliver advanced services such as telemedicine, e-education, online banking, e-commerce and e-governance services. TJ1400UCB leverages our unique software-defined hardware™ architecture to seamlessly integrate state-of-the-art broadband access technologies and high-capacity packet transmission services in one shelf with the added benefits of unified management, space reduction and power savings to achieve a cost-effective rollout.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be chosen for this prestigious project that will enable a sizable rural population to experience the tangible benefits of high-speed, reliable and affordable wireless internet for the first time. TJ1400UCB is an innovative product that provides the flexibility to rapidly rollout broadband services on optical fiber, wireless or copper media, as per available infrastructure, at highly affordable costs. Tejas was selected because of our cutting-edge products, as well as our vast experience in timely rollouts of large-scale broadband access and optical transmission networks around the globe, including Government of India’s BharatNet and Railway WiFi projects.
Dr. Kumar N. Sivarajan, Chief Technology Officer (CTO) of Tejas Networks, said, “We are excited that Tejas has been selected as the primary telecom equipment supplier for this challenging project. Ubiquitous and affordable broadband has become a necessity in modern life and is a critical tool to deliver advanced services such as telemedicine, e-education, online banking, e-commerce and e-governance services. TJ1400UCB leverages our unique software-defined hardware™ architecture to seamlessly integrate state-of-the-art broadband access technologies and high-capacity packet transmission services in one shelf with the added benefits of unified management, space reduction and power savings to achieve a cost-effective rollout.”
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.”
