Tejas Networks saw a muted set of earnings in Q3 with no fireworks. Margins improved as the cost of materials fell while there was a slight uptick in revenue. In an interview to CNBC-TV18, Sanjay Nayak, MD & CEO of Tejas Networks spoke about the results and his outlook for the company.
Nayak said that the overall business is going well; we are improving margins because of volumes as well as the customer blend.
He further said that we see a positive and robust environment as data growth is happening for 4G, 5G and broadband network that are coming out in the country and around the world. There is a lot of demand for optical equipment and we are well positioned to get a good chunk of that business.
Talking about margins, he said margins will hold and we can improve by another 200 bps over the next two-three years.
All the investments we have made in the international side in the last six months should see improvement in the international business as well, he added.
Watch accompanying video for more details.
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