India's Tejas Networks slumps after swinging to quarterly loss
ReutersJul 15, 2025 7:26 AM
Indian telecom infra provider Tejas Networks TEJS.NS drops 5.8% to 657.75 rupees, its lowest level since May 2023
Co posted June-qtr consolidated loss after tax at 1.94 billion rupees ($22.6 million) vs profit of 774.8 million rupees a year ago, while total revenue plunged 87% on-year
Delays in receipt of few purchase orders, including an expansion order from state-run BSNL hit revenue in the quarter - TEJS
Stock on track to log busiest trading session in over two-months, volumes at 5.4x the 30-day avg
Year-to-date, stock down ~45%
($1 = 85.8020 Indian rupees)
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