Tejas Networks shares crash 16% as first loss in 5 quarters sparks selloff
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Shares of Tata Group-owned Tejas Networks fell as much as 15.6% on Monday to Rs 726.10 on the BSE after the telecommunications equipment maker posted a consolidated net loss of Rs 71.80 crore for the fourth quarter, alongside heavy provisions for inventory write-downs. Tejas Networks reported a net loss of Rs 71.80 crore for the quarter ended March 2025, compared with a net profit of Rs 146.78 crore in the same period a year earlier. This marked the company’s first quarterly loss after four consecutive profitable quarters. While total revenue from operations surged to Rs 1,906.94 crore from Rs 1,326.88 crore a year ago, profitability was dragged down by a sharp fall in margins. Earnings before interest, tax, depreciation and amortisation (EBITDA) slumped to Rs 21 crore from Rs 306.42 crore reported in the base quarter. During the March quarter, the company made a provision of Rs 117 crore for inventory obsolescence and write-downs, taking...
