Tejas Network - Buy

 

Company reported a net loss of Rs 10 cr in Q3 FY23 as against a net loss of Rs 24 cr posted in Q3 FY22.

Revenue from operations zoomed 156.4% to Rs 274 cr Vs  Rs 107 cr recorded in the same period a year ago.

The company reported a pre-tax loss of Rs 5 cr  as compared to a pre-tax loss of Rs 32.91 crore reported PY

Total expenses up 92.27% year on year to Rs 300 cr in Q3 FY23. Cost of materials consumed was at Rs 160 cr (up 155.31% YoY) and employee expenses stood at Rs 68.66 crore (up 118.94% YoY) 

Tejas Network shares - gone up by 35% on yearly basis, gone up by   23% in the last 6 months and in the last 1 month went up by 5%

Company is expected to well as the outlook for the products is robust order book of Rs.1,431 crores for optical and fibre products.

Any declines in the price will present a golden opportunity to add the blue chip share to your portfolio.