Tejas Networks Q4 net profit up 9.2% at Rs 35.89 crore
Domestic telecom gear maker Tejas Networks posted 9.2 per cent increase in consolidated net profit for January-March 2019 quarter at Rs 35.89 crore on account of sales growth in international business and to local private sector players.
The company had posted a net profit of Rs 32.84 crore in the year-ago period.
The company's total income for the quarter ended March jumped to Rs 280 crore from Rs 112.19 crore in the corresponding quarter of the previous fiscal.
For the year ended March 31, 2019, Tejas Networks posted 38 per cent increase in consolidated net profit at Rs 147.24 crore as compared with Rs 106.32 crore in 2017-18.
"We witnessed high fluctuation in quarter-on-quarter business. However, the performance was extremely satisfying in the fourth quarter and the year overall. It was mainly on account of international sales going up by 70 per cent and non-government revenue increasing by 33 per cent on year-on-year basis," Tejas Networks Managing Director and CEO Sanjay Nayak told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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