Tejas Networks Shares Fall After Weak Q1 Results

Tejas Networks plunged up to 11% on July 15 after posting a ₹193.9 crore Q1 loss, versus a ₹77.5 crore profit last year. Revenue fell 87% YoY due to BSNL-related delays. EBITDA margin dropped to -60%. Despite weak results, the order book rose 22% QoQ to ₹1,241 crore.