Tejas Networks Shares Plunge 9% as Tata Company Reports Fourth Consecutive Quarterly Loss

• Tejas Networks shares dropped by approximately 9% following the announcement of its December quarter results.
• The company reported a net loss of ₹196.5 crore for the December quarter, marking its fourth consecutive quarterly loss.
• Revenue for the December quarter was ₹307 crore, a significant 88% year-on-year decline from ₹2,642 crore last year.
• Delays in orders related to Bharat Sanchar Nigam Limited (BSNL) and weak sales contributed to the poor performance.
• Net debt improved to ₹3,349 crore, primarily due to a reduction in working capital, despite ongoing losses.

Why It Matters: Tejas Networks faces investor turmoil after its fourth consecutive quarterly loss and a sharp 9% share drop.