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

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.

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