Tata Group firm Tejas Networks shares sink 6% after Q4 loss widens by 193%. Check details

Shares of Tejas Networks plunged as much as 6% to their day's low of Rs 423.50 on the BSE on Thursday after it reported a weak set of numbers for the fourth quarter on Wednesday, April 15, as losses widened sharply due to a steep fall in revenue.The company posted a net loss of Rs 211.3 crore, compared with a loss of Rs 71.8 crore in the same period last year. Revenue for the quarter dropped 82.6% year-on-year to Rs 333 crore from Rs 1,907 crore. EBITDA also slipped into the red, with a loss of...