Tejas Networks slips 9% as December quarter results disappoint Street

Tejas Networks share price slipped 9 per cent to Rs 994.05 on the BSE in Friday’s intraday trade after the company reported a weak set of quarterly results on a quarterly basis.

Tejas Networks’ reported a profit after tax (PAT) of Rs 166 crore for the third quarter ended December 2024 (Q3FY25) as against a PAT of Rs 275 crore seen in Q2FY25. This was a decline of 40 per cent quarter-on-quarter (Q-o-Q).