Tejas Networks Posts Loss of Rs 112 Cr in Dec Quarter
Domestic telecom gear maker Tejas Networks on Tuesday posted a consolidated loss of Rs 112.06 crore in the third quarter ended December 31, mainly on account of dip in sales.
New Delhi, Jan 21 (PTI) Domestic telecom gear maker Tejas Networks on Tuesday posted a consolidated loss of Rs 112.06 crore in the third quarter ended December 31, mainly on account of dip in sales.
The company had posted a profit of Rs 32.84 crore in the corresponding period a year ago.
Its total income from sales reduced to less than half at Rs 92.85 crore during the reported quarter, from Rs 193.63 crore in the corresponding quarter of 2018-19.
Shares of Tejas Networks on Tuesday closed at Rs 90.2 apiece on the BSE, up 1.23 per cent compared to the previous close.
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