Tejas Networks (TEJASNET) Q4 24/25 earnings summary

Executive summary

• Celebrated 25th anniversary and achieved record annual revenue of ₹8,923.21 crore, surpassing $1 billion for the first time.

• Shipped over 100,000 BSNL 4G/5G sites, creating one of the world's largest single-vendor RAN deployments.

• Entered a strategic technology collaboration with NEC for advanced wireless and 5G technologies.

• Board recommended a 25% dividend (INR 2.5/share), subject to shareholder approval.

• Completed amalgamation of Saankhya Labs and Saankhya Strategic Electronics, effective April 1, 2023.

Financial highlights

• FY25 revenue: INR 8,923 crores (3.6x year-over-year), Q4 FY25 revenue: INR 1,907 crores (1.4x YoY).

• FY25 PAT: INR 447 crores, Q4 PAT: negative INR 72 crores due to inventory obsolescence and intangible write-downs.

• FY25 EBIT: INR 905 crores; Q4 EBIT: INR 260 crores.

• FY25 PBT: INR 698 crores.

• Recognized PLI incentives of INR 467.7 crores for FY25.

Outlook and guidance

• FY26 expected to have a different revenue profile due to completion of the large BSNL 4G project.

• Expanded product portfolio, especially in 5G, positions the company for global growth.

• Significant business pipeline in both government and private sectors, with several large opportunities in advanced stages.

• Partnership with NEC expected to drive global customer access and joint go-to-market opportunities.

• Company expects to receive the remaining PLI grant amount of ₹278.78 crore, with reasonable assurance of compliance.