The consolidated net profit of the company for the March quarter stood at Rs 146.8 crore, against a loss of Rs 11.47 crore during the same quarter last year.
Tejas Networks shares soared 20 per cent to hit a high of Rs 1,086.90 on BSE. Tejas Networks turned profitable in Q4. Hatsun Agro Product gained as the company reported 108.76 per cent YoY rise in profit at Rs 52.16 crore in Q4.
Tejas Networks Order book stood at Rs 8,221 crore by the end of Q4. The India order book made up Rs 7,958 crore while international business consisted of Rs 263 crore
The S&P BSE Sensex rose 90 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in FMCG, consumer durables, realty, and telecom stocks while some selling was visible in metal, healthcare, oil & gas and energy stocks.