Mumbai/IBNS, April 16 -- Shares of Tejas Networks slipped around 3% after the company reported a weak fourth-quarter performance, according to media reports.

The stock had ended Wednesday's session 1.68% higher at Rs 450.

Net loss widens

The company posted a net loss of Rs 211.3 crore in Q4, marking its fifth consecutive quarterly loss.

This is a sharp increase from the Rs 71.8 crore loss reported in the corresponding quarter last year.

Revenue plunges sharply

Revenue fell 82.6% year-on-year to Rs 332.7 crore, compared to Rs 1,906.9 crore in the same period a year ago.

On a full-year basis, revenue declined 87% YoY.

Operating performance deteriorates

At the operating level, the company swung to an EBITDA loss of Rs 118.2 crore, c...