{"id":160475,"date":"2024-04-23T11:46:24","date_gmt":"2024-04-23T15:46:24","guid":{"rendered":"https:\/\/44.250.171.167\/?p=160475"},"modified":"2024-04-23T11:46:26","modified_gmt":"2024-04-23T15:46:26","slug":"tejas-networks-ltd-q4-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tejas-networks-ltd-q4-fy24-earnings-conference-call-insights\/","title":{"rendered":"Tejas Networks Ltd Q4 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Tejas Networks Ltd (TEJASNET) Q4 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Achieved best ever quarter and year in company&#8217;s history.<\/li>\n<li>Q4 FY24 revenue at INR 1,327 crore, PAT INR 147 crore.<\/li>\n<li>FY24 revenue INR 2,471 crore, PAT INR 63 crore.<\/li>\n<li>Ended year with strong order book of over INR 8,200 crore.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Major Projects\/Wins<\/strong>\n<ul>\n<li>Shipped over 10,000 sites for BSNL 4G\/5G RAN deployment.<\/li>\n<li>Completed supply of ~50,000 IP\/MPLS routers for BSNL 4G\/5G backhaul.<\/li>\n<li>Strategic wins for WDM and switching products in critical infra sector.<\/li>\n<li>Partnership for FTTH GPON equipment, manufacturing and training.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Product Portfolio Update<\/strong>\n<ul>\n<li>Multiple ongoing PoCs with potential customers for RAN products.<\/li>\n<li>Progress on wireline business &#8211; BSNL IP\/MPLS, FTTH wins.<\/li>\n<li>22 new patents granted in Q4, total 335 approved patents.<\/li>\n<li>Recognized as representative vendor by industry analysts.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Corporate Updates<\/strong>\n<ul>\n<li>Received award for IP\/MPLS products supplied to BSNL.<\/li>\n<li>Merger process with Saankhya Labs progressing well.<\/li>\n<li>Management changes &#8211; Arnob Roy appointed ED &amp; COO.<\/li>\n<li>Subsidiaries received incentives under PLI and semiconductor schemes.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Market Opportunity<\/strong>\n<ul>\n<li>Strong growth expected in addressable wireless and wireline markets over next 5 years.<\/li>\n<li>Large opportunities in India &#8211; BSNL 4G\/5G, private telco capex, BharatNet, broadband rollouts.<\/li>\n<li>Globally &#8211; $100 bn+ broadband investments in US\/Europe, 4G\/5G deployments in emerging markets, $8 bn+ utility network modernization.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Major Projects\/Wins<\/strong>\n<ul>\n<li>Shipped over 10,000 sites for BSNL 4G\/5G RAN deployment.<\/li>\n<li>Supplied ~50,000 IP\/MPLS routers for BSNL 4G\/5G backhaul network.<\/li>\n<li>Strategic wins for WDM, switching products in critical infrastructure sector.<\/li>\n<li>Partnership for local manufacturing, training for FTTH GPON equipment.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Product Portfolio<\/strong>\n<ul>\n<li>End-to-end portfolio spanning wireless\/wireline access, metro\/core, management software.<\/li>\n<li>Serves 4G\/5G mobile, broadband, enterprise data, critical infrastructure networks.<\/li>\n<li>22 new patents granted in Q4, total 335 approved patents.<\/li>\n<\/ul>\n<\/li>\n<li><strong>BSNL 4G\/5G Project<\/strong>\n<ul>\n<li>Expects to complete supply and majority of deployment\/commissioning in FY25.<\/li>\n<li>News of delays clarified &#8211; RAN being integrated with existing core where C-DoT core not ready.<\/li>\n<li>Once C-DoT core deployed, RAN will be parented to it in those zones.<\/li>\n<\/ul>\n<\/li>\n<li><strong>International Business Opportunities<\/strong>\n<ul>\n<li>Increasing focus and investments in international markets like US, Europe, emerging economies.<\/li>\n<li>Several ongoing projects and opportunities being pursued actively.<\/li>\n<li>Key areas &#8211; broadband, 4G\/5G deployments, utility network modernization.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Working Capital Cycle<\/strong>\n<ul>\n<li>Significant increase in Q4 due to BSNL 4G project execution prep.<\/li>\n<li>Working capital expected to taper down over next few quarters as project progresses.<\/li>\n<li>To be seen in context of this large Rs 7,700 cr project.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Private Telcos Opportunity<\/strong>\n<ul>\n<li>Engaged in multiple Proof-of-Concepts (POCs) with private telcos for RAN deployments.<\/li>\n<li>$3 billion+ capex potential for RAN rollouts by private telcos in India.<\/li>\n<li>Exploring international opportunities as well.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Manufacturing Capacity<\/strong>\n<ul>\n<li>Invested in scaling up manufacturing capacity to meet BSNL project timelines.<\/li>\n<li>Established capability to execute large-scale projects within stringent deadlines.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Working Capital Management<\/strong>\n<ul>\n<li>Working capital tied up in component procurement for manufacturing pipeline.<\/li>\n<li>Temporary phenomenon as inventory gets converted to finished goods and revenue realized.<\/li>\n<li>Working capital expected to reduce as project execution progresses and collections increase.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Profitability Improvement<\/strong>\n<ul>\n<li>Margin improvement in current quarter after lower-margin network equipment deployment in previous quarter.<\/li>\n<li>Overall margins a blend of wireless and wireline product mix.<\/li>\n<li>Trajectory expected to improve further based on product mix.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Strategic Partnership<\/strong>\n<ul>\n<li>Long-standing strategic partnership with Valiant Communications for utility market.<\/li>\n<li>Valiant&#8217;s teleprotection technology integrated with Tata&#8217;s transmission products.<\/li>\n<li>Provides optimized solution for utility and critical infrastructure customers.<\/li>\n<li>Partnership helps explore opportunities in India and globally.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Tejas Networks Ltd (TEJASNET) Q4 FY24 Earnings Concall Financial Performance Achieved best ever quarter and year in company&#8217;s history. Q4 FY24 revenue at INR 1,327 crore, PAT INR 147 crore. FY24 revenue INR 2,471 crore, PAT INR 63 crore. Ended year with strong order book of over INR 8,200 crore. Major Projects\/Wins [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[10169,8234],"class_list":["post-160475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-earnings","tag-telecom-equipment"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171033,"url":"https:\/\/alphastreet.com\/india\/tejas-networks-q1-fy26-earnings-results\/","url_meta":{"origin":160475,"position":0},"title":"Tejas Networks Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 8, 2025","format":false,"excerpt":"Incorporated in 2000,Tejas Networks Ltd designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D. 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