Tejas Networks Shares Plunge 12% After Fourth Consecutive Quarterly Loss in Q3

• Tejas Networks shares dropped nearly 12% after reporting its fourth straight quarterly loss.
• The company's Q3 revenue increased 17% sequentially to ₹307 crore but fell 88% year-over-year.
• Q3 net loss was ₹196.5 crore, narrower than the previous quarter's ₹307 crore loss.
• BSNL delays and weak sales impacted the company's top line during the December quarter.
• Tejas Networks recorded a net debt of ₹3,349 crore, down from ₹3,738 crore in the previous quarter.

Why It Matters: Tejas Networks faces investor concern after its fourth consecutive quarterly loss, despite some sequential improvements.