Shares of Tejas Networks declined more than 5% after the company reported a mixed financial performance for the quarter ended March 31, 2026 (Q4FY26).
During the quarter, the company reported revenue from operations of ₹332.7 crore, compared to ₹306.8 crore in Q3FY26, reflecting an 8.4% growth on a quarter-on-quarter basis. The increase in revenue suggests an improvement in business activity and order execution, offering a positive signal on the demand front.
However, profitability remained under stress. Tejas Networks posted a net loss of ₹211.3 crore in Q4FY26, widening from ₹196.6 crore in the previous quarter, marking a 7.5% increase in losses sequentially. The rise in losses indicates that higher revenues were not sufficient to offset rising costs and operational challenges.
At the operating level, EBITDA continued to remain negative at ₹117.9 crore, although it improved from a negative ₹132.0 crore in Q3FY26. This reflects a 10.7% improvement on a sequential basis. EBITDA margin stood at -35.4% in Q4FY26, compared to -43.0% in the previous quarter. While margins showed some recovery, they remained deeply negative, highlighting ongoing pressure on the company’s core operations.
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