TEJASNETNSE19 January 2024

Tejas Networks Limited has informed the Exchange about Investor Presentation

Tejas Networks Limited

January 19, 2024

The Secretary National Stock Exchange of India Ltd Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051 NSE Symbol: TEJASNET

Dear Sir/Madam,

Re: Earnings Call Presentation- Q3 FY 24

The Secretary BSE Limited P J Towers, Dalal Street, Mumbai – 400 001 BSE Scrip Code: 540595

Pursuant to Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the earnings presentation on the unaudited Financial Results of the Company for the quarter and nine-months ended December 31, 2023.

Kindly take the above information on record.

Yours sincerely For Tejas Networks Limited

N R Ravikrishnan General Counsel, Chief Compliance Officer & Company Secretary

TEJAS NETWORKS LTD Q3FY24 INVESTOR PRESENTATION

January 19, 2024

Safe Harbor Statement

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the industry in which the Company operates. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.

Key Updates: Q3-FY24

Financial Update

▪ Q3 Net Revenue: Rs. 560 Cr (YoY 104%);

▪ Q3 Loss After Tax: Rs. 45 Cr;

▪ Order book at end of Q3: Rs 9,028 Cr

Wireless Business:

Key Highlights

▪ Continued strong revenue growth

−

9M revenue exceeded FY23 full-year revenue by 24%

▪

Strong orderbook; continue to invest and focus on execution

▪

Continued to ramp-up BSNL 4G RAN shipments – combination of Band 1 and Band 28 Radios

Received additional PO of Rs 107.7 crore from TCS to supply RAN equipment for BSNL's 4G/5G rollout

Saankhya Labs received Rs 96.4 crore provisional purchase order from NSIL(Department of Space) for deployment of two-way Satcom Xponders for communication and support system on marine fishing vessels

Wireline Business

▪

Successfully deployed 150+ 100G/200G channels DWDM channels on alien wave network; Received add-on order for a pan-India deployment

Started supplies of IP/MPLS router equipment for BSNL 4G backhaul network

Successfully commissioned high-capacity (1.2Tbps links) metro network in the US for a video production and distribution application

Executed a commercial contract for supply of optical networking equipment with a leading government telco in Africa

Supplied PTN/MPLS-TP equipment for network modernization of a leading power utility in South Asia;

Commissioned nationwide optical backbone of a leading power utility company in India

9M-FY24: Revenue update

24%

FY23

Rs. 920 Cr

BSNL/BBNL 8%

Critical Infrastructure 18%

26%

217Cr

241Cr

462cr

50%

India - Govt

India - Pvt

International

BSNL/BBNL 10%

Critical Infrastructure 20%

15%

9M24 Rs. 1,144 Cr

30%

174Cr

39Cr

624Cr

42 Cr

346Cr 25Cr

66 cr

55%

▪

India-Government: 30% of 9M 24 revenues. YoY growth of 127%

India Private: 55% of 9M 24 revenues. YoY growth of 88%

International: 15% of 9M 24 revenues. YoY growth of 28%

▪ Closing Backlog- Rs 9,028 Cr

− India: Rs 8,807 Cr

− International: Rs. 221 Cr

Q3-FY24: Financial Update

▪ Strong Revenue Growth: Both QoQ (41%) and YoY (104%)

▪ 9M revenue exceeded FY23 full-year revenue by 24%

▪

Loss after tax of 45 cr; Continued investments in scaling up R&D teams and operations to accelerate product development for driving growth, and executing large projects.

Q3-FY249M-FY24LTMFY 2023Revenues (Net)560 (YoY 104%)1144 (YoY 84%)1443 (YoY 93%) 920 EBIT-56 (YoY -117%)-165 (YoY -155%)-209 (YoY -19%) -108 PBT-49 (YoY -422%)-132 (YoY -748%)-159 (YoY -43%) -43 PAT-45 (YoY -196%)-84 (YoY -236%)-95 (YoY -28%) -36 EPS-2.64 (YoY -167%)-4.95 (YoY -200%)-5.68 (YoY -8%) -2.46 Amount in Rs. crore except EPSQ3-FY24: Key Financial Indicators

▪

Inventory increased to Rs. 2,683 Cr during Q3-FY24

− Secured key long-lead components for expediting delivery of several

critical large orders – primarily BSNL 4G RAN and backhaul network

− Will be converted to finished goods and shipped in upcoming months

▪ Trade Receivables at Rs. 855 Cr;

− Collected Rs 273 Cr during Q3

▪ Working capital increased in Q3 by Rs. 671 Cr

− Primarily due to increased inventory.

1. Cash and cash equivalents, investment in liquid mutual funds, Other Bank

balances in current assets

▪ Cash Position at end of Q3 was Rs. 559 Cr

▪ Borrowings of Rs. 274 Cr at end of Q3 for working capital purposes

ParticularsQ2-FY24Q3-FY24Cash flow from Operations532 (998) Net Worth3,007 2,980 Inventory1,401 2,683 Trade receivables487 855 Net working capital671 1,342 Cash and Cash Equivalents11,371 559 Borrowings- 274 Amount in Rs. CrCorporate Update: Q3-FY24

Awards and Recognition

▪ Tejas and its subsidiaries were granted 31 patents in Q3FY24; total patent grants grew from 282 to 313

▪ Recognized as a representative vendor in the first Gartner® Market Guide for Optical Transport Systems

▪ Recognized for its “Leading PON-based Smart City” solutions at the Network X event held in Paris

▪ TJ1600 optical and packet transmission product was selected as the “Best Indian IPR of the Year in Telecom” at the India Mobile Congress

(IMC), New Delhi

Corporate Update

▪ Saankhya Labs merger in progress – Equity Shareholders and Unsecured Creditors meetings to be held on Feb 9 pursuant to the directions of

the NCLT

Comprehensive Wireless and Wireline Portfolio…

4G/5G Radio and Baseband Units

Multi-Gigabit Fiber Broadband Access

Universal NMS

IP/Ethernet Switching Portfolio

Ultra-Converged Access/ Edge

Metro & Backbone DWDM/OTN

…For End-to-End Telecom Networks

Universal, SDN-ready Network Management System (NMS)

Broadband Access (LTE/LTE-A, xPON, Ethernet)

Metro Aggregation & Carrier Routing (PTN, OTN, IP/MPLS)

Metro Core & Long-haul (DWDM & OTN)

New

4G/5G Macro RAN

GPON/XGS-PON

Nx10G/100G PTN/OTN

Nx400G/600G+ DWDM/OTN

Ethernet & IP/MPLS

Typical Applications Served

4G/5G Mobile RAN & Backhaul

High-performance radios, baseband units & optical xHaul solutions for 4G & 5G Networks

Products: 4G/5G Radios and Base station, Ethernet, IP/MPLS, GPON, OTN

Critical Infrastructure Seamless network transformation from legacy circuit to packet transport technologies in power, rail, oil & gas, defense sectors

Products: MPLS-TP, IP/MPLS, Carrier Ethernet, DWDM

Wholesale & Enterprise Data Services Cost-efficient solutions to upgrade bandwidth in Metro and Core networks

Products: DWDM, OTN, Carrier Ethernet and IP/MPLS

Home & Business Broadband Deliver high-speed broadband connectivity on optical fiber, fixed wireless and copper cables to homes in cities and rural areas

Products: GPON/XGS-PON, PTN, LTE, Ethernet Switches

Thank you!

ir@tejasnetworks.com

Contact - +91(80)41794600

← All Transcripts TEJASNET Stock Page →

Tejas Networks Limited has informed the Exchange about Investor Presentation

Market Movers