Tejas Networks shares fell nearly 7% on Tuesday after the company reported a significant decline in its financial performance for the quarter ended June 2025 (Q1 FY26). The telecom equipment maker posted a consolidated net loss of ₹193.9 crore, reversing from a net profit of ₹77.5 crore in the same period last year.
The poor results were mainly due to delayed purchase orders and shipment clearances, especially related to the BSNL 4G project, the company said.
Revenue for Q1 FY26 dropped sharply by 87% year-on-year to ₹211 crore, compared to ₹1,563 crore in Q1 FY25. On a sequential basis, revenue fell 89%.
The company also reported an EBITDA loss of ₹126.6 crore, versus a profit of ₹230 crore a year ago. EBITDA margin slipped to -60% from 10.9% in the year-ago quarter.
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