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Earnings

Tejas Networks expects Q4FY19 revenue at Rs 290 crore

Updated : January 24, 2019 12:00 PM IST

Tejas Networks was falling in trade on Thursday, with the shares down more than 10 percent on the back of a weak set of Q3 numbers.

The Q3 revenue was 20 percent lower on YoY basis.

Elaborating on the Q3 numbers, Sanjay Nayak, MD and CEO of the company, said that the firm was confident of clocking 20 percent growth YoY by end of FY19. He expects Q4FY19 revenue to be at Rs 290 crore.

“Last year 82 percent of our revenue was from India and 18 percent was international. We expect this year to be around 75 and 25, respectively which means international is going to grow fast,” he explained.

“We are ahead of margins in the 9 months. Our 9 month profitability has already crossed the full year profitability of last year. We are about 300 bps higher in terms of EBITDA as well as PAT although by the end of the year we expect it to be around 15 percent profit before tax compared to previous year’s guidance,” he added.
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