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Tejas Networks Share Price Rise 4% on ₹123 Crore PLI Incentive

Written by: Kusum KumariUpdated on: Mar 17, 2025, 11:32 AM IST
Tejas Networks share price surged 4% after receiving a ₹123.45 crore PLI incentive for FY24. Despite long-term gains, the stock is down 42% in 2025.
Tejas Networks Share Price Rise 4% on ₹123 Crore PLI Incentive
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Tejas Networks share price jumped 4% on Monday after the company received a ₹123.45 crore incentive under the Production Linked Incentive (PLI) scheme for FY24. The stock hit an intraday high of ₹686.80, marking its biggest rise since February 20. However, by 9:37 AM, it trimmed gains to trade at ₹884.30, down 3.7%, while the Nifty 50 was up 0.65%.

Stock Performance Over Time

The stock has dropped nearly 55% from its all-time high in June last year and has declined 42% in 2025 so far. This follows 5 years of strong gains, where it surged over 1,110% since 2020.

PLI Incentive Details

On March 12, 2025, Tejas Networks received ₹123.45 crore from the Ministry of Communications under the PLI scheme for telecom and networking products. The company disclosed this in an exchange filing on Thursday.

About Tejas Networks

Tejas Networks, a Tata Group company, designs and manufactures telecom and networking products for high-speed communication networks. Its majority shareholder is Panatone Finvest, a subsidiary of Tata Sons Pvt. Ltd.

Financial Performance

  • Q3FY25 Profit: ₹166 crore, down 40% from ₹275 crore in Q2FY25. However, it improved from a ₹45 crore loss in the same quarter last year.
  • Revenue Growth: Sales and services revenue grew 4.5 times year-on-year to ₹2,497 crore from ₹560 crore but declined from ₹2,655 crore in the previous quarter.
  • Order Book: The company had an order book of ₹2,681 crore at the end of Q3FY25, compared to ₹4,845 crore in Q2FY25.

Conclusion

Despite receiving a PLI incentive and strong long-term gains, Tejas Networks’ stock has seen a sharp decline in 2025. Investors are watching its future performance closely.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Published on: Mar 17, 2025, 11:32 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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