(20 second reading) Tejas Networks Ltd., the Tata Group company reported a net profit for the Q4, which was the first quarterly profit the company reported after five quarters of losses.
Net profit for Q4 stood at Rs.146.8 crore, compared to a loss of Rs.11.47 crore during the same quarter last year.
The company’s revenue surged 343% from last year, while it rose by 137% when compared to the Q3. Tejas Networks is a designer and manufacturer of wireless networking products. The Tata Group’s semiconductor foray can give it an added boost.
For the quarter that ended on March 31, the company’s order book stood at Rs.8,221 crore.