Tejas Networks Ltd has received a ₹84.95-crore from the Ministry of Communications under the Production Linked Incentive (PLI) Scheme for telecom and networking products.
The payment, released on Friday, November 28, represents the first tranche — 85% of the eligible incentive — for Q4FY24–25, according to the exchange filing. The remaining amount will be disbursed as per the scheme guidelines.
Q2 Results
For the September quarter, Tejas Networks reported a net loss of ₹307.17 crore, compared to a net profit of ₹275.18 crore in the same period last year. Revenue from operations fell 90.7% to ₹261.37 crore from ₹2,810.14 crore in Q2FY24. EBITDA saw was a loss of ₹293.7 crore, down from a positive ₹534.45 crore year-on-year.
The company remains confident of scaling international revenue to 30–40% in the coming years, improving margins through a more stable product mix, and normalising receivables within FY25.
Shares of Tejas Networks Ltd ended lower on Friday, November 28, by 1.85% at 494.50 on the NSE.
(Edited by : Shoma Bhattacharjee)
