Semiconductor shortage affected the revenues and profitability but order book increased for Tejas | Q3 FY22 Conference Call Highlights

2 min read
  • Q3 Net Revenues: Rs. 107 Cr (YoY decrease of 17%)
  • Q3 PAT Loss of Rs. 24.3 Cr (versus PAT of 9.2 Cr in Q3FY21)
  • Cash and Cash Equivalents at: Rs 1,175 Cr (no debt)
  • Q3 Bookings: Rs 311 Cr; Order book increased to Rs. 986 Cr (all-time high)
  • Run-rate business (India-Pvt + International) contributed to 85% of total in 9M FY22 (YoY growth of 32.7%). India-Govt was 22% of Q3 revenues. YoY growth of 52.8% for 9M FY22.
  •  Multiple orders won in critical infra segment; healthy pipeline of new business. India private was 47%% of Q3 revenues. YoY growth of 18.2% for 9M FY22.
  • Strong order inflow from telco customers. International was 31% of Q3 revenues. YoY growth of 51.5% for 9M FY22. Won 5 new customers.
  • Approved as “trusted source” for telecom products by Government of India
  • Their 4G RAN (Radio Access Network) undergoing Proof-of-Concept for BSNL’s 4G network, via the SI partner.
  • Q3 revenue shortfall since they could not fulfill customer orders and ship complete systems, due to component shortage. While they have placed advance purchase orders for securing components, the supply situation continues to be challenging in the wake of global semiconductor component shortage.
  • Board has been strengthened with appointment of Mr. N.G Subramaniam (COO, Tata

Consultancy Services) and Mr. A.S. Lakshminarayanan (MD & CEO, Tata Communications).

  • Cash position is strong at Rs 1,175 Cr and are working on plans to invest for long-term growth.
  • Payments from BSNL continue to come, but at slow pace.

Disclaimer: The information here is provided for reference purposes only and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell stocks or MF

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.