Tejas Networks Shares Surge 4% on Rs 123 Crore PLI Incentive for FY24

The leading telecom and data networking products manufacturer Tejas Networks witnessed its stock prices increase 4 percent on Monday after receiving Rs 123.45 crore in incentives through the Production Linked Incentive (PLI) program for FY 2023-24. Tejas Networks stock rose to Rs 686.8 per share as its daily high but it subsequently lost ground to trade at Rs 884.3 per share by 9:37 AM. During the same time period the Nifty 50 index increased by 0.65 percent while the broader index maintained a modest 0.65 percent gain.

The PLI incentive arrived through the Department of Telecommunications under the Ministry of Communications as announced on March 12, 2025 through an exchange filing. Tejas Networks participates in advancing India’s telecom infrastructure through the scheme designed to increase domestic production of telecom and networking products.

Tejas Networks received positive market feedback yet its stock value dropped significantly by approximately 55 percent from June last year while declining by 42 percent in 2025. After five years of impressive market performance the stock experienced an unfavorable trend with an increase exceeding 1,110 percent from 2020 to date. Tejas Networks functions as one of the leading Tata Group entities while its main shareholder is Panatone Finvest which operates as a Tata Sons subsidiary entity that designs and manufactures telecom solutions at advanced levels for both wireline and wireless systems. The enterprise's specialized high-performance solutions enable fast communication of voice and data streams for all network types including fixed-line and mobile together with broadband.

Tejas Networks generated a profit after tax (PAT) of Rs 166 crore during third quarter FY25 which showed a 40 percent reduction compared to Rs 275 crore PAT from the previous quarter yet achieved significant improvement from the Rs 45 crore loss at the same period last year. Tejas Networks achieved a 4.5 times annual growth in sales revenue at Rs 2,497 crore during the quarter however this met previous quarter performance of Rs 2,655 crore. The company’s Q3FY25 order book value amounted to Rs 2,681 crore indicating sustained but balanced pipeline development.