Tejas Networks shares soar 20% to 3-month high on stellar Q2 numbers, up 1,400% in 4 years

Shares of Tejas Networks, a Tata Group-backed company, surged 20% in early morning trade on Monday, October 21 to their three-month high of ₹1,427 apiece. This sharp rise follows the company’s impressive Q2FY25 numbers, which were released after market hours on Friday.

The company reported a six-times jump in consolidated revenue from operations at ₹2,811 crore in Q2FY25 compared to ₹396 crore during the same period last year. It posted a profit after tax (PAT) of ₹275 crore, a significant turnaround from a net loss of ₹13 crore in Q2FY24.