Tejas Networks shares soar more than 15%, hit new all-time high. Here's why

Tejas Networks designs and manufactures high-performance wireline and wireless networking product.

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In the fiscal year 2024, the company's net profit amounted to ₹63 crore- an improvement from net losses of ₹36 crore and ₹63 crore reported in FY23 and FY22. Revenue from operations for FY24 surged by 168% year-on-year to ₹2,471 crore, the company said.

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This comes as the company entered into an agreement with Telecom Egypt, the Information Technology Industry Development Agency, and the National Telecom Institute.

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