Following its third consecutive quarterly loss in Q2, Tejas Networks' shares fell by almost 8%.

Following the Tata Group company's announcement of its third straight loss-making quarter for the July-September period, Tejas Networks Ltd.'s shares fell by almost 8% in early trading on Monday, October 20. After market hours on Friday, the firm released its profits for the September quarter. In contrast to a net profit of ₹275.18 crore during the same period last year, it posted a net loss of ₹307.17 crore during the second quarter. During the same period last fiscal year, its overall revenue from operations decreased 90.7% to ₹261.37 crore from ₹2,810.14 crore. In contrast to a positive EBITDA of ₹534.45 crore in the previous year, the company's reported earnings before interest taxes, depreciation, and amortisation (EBITDA) was a loss of ₹293.7 crore.