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Tejas Networks doubles its profits for the April – June, 2018 quarter

July 30, 2018
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Domestic telecom gear maker Tejas Networks has reported over two-fold jump in its consolidated net profit. The company’s profits stood at Rs 450 million for the April – June 2018 quarter.

The company had posted a net profit of Rs 204.4 million during the quarter under consideration.

The total revenue of the company has increased from Rs 2.24 billion in April-June 2017 to Rs 2.45 billion in the reporting period.

A major portion of the revenue came from government funded projects followed by scaling up of networks by private telecom operators.

Further, the company gained seven new telecom customers overseas during the quarter. Also, Tejas was granted two patents resulting in a cumulative grant of 78 patents.

The company has filed for 342 patents which include technology for 5G services.

 

 
 
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