Shares of Tejas Networks are likely to remain in focus on Tuesday, July 15, after the company reported a sharp decline in its financial performance for the quarter ended June 30, 2025. The company posted a net loss of ₹194 crore in Q1 FY26, compared to a profit after tax of ₹77 crore in the same quarter last year (Q1 FY25).
Revenue from operations fell significantly to ₹202 crore in Q1 FY26, down nearly 87% year-on-year from ₹1,563 crore in Q1 FY25. The company attributed the poor performance to delayed purchase orders and shipment clearances, particularly from its key customer BSNL.
In terms of profitability metrics, EBIT stood at ₹(232) crore compared to ₹167 crore in Q1 FY25, while profit before tax was ₹(297) crore against ₹122 crore in the year-ago quarter. The company’s total revenue mix comprised 81% from India and 19% from international markets.
The company’s order book at the end of Q1 was ₹1,241 crore, with an additional order worth approximately ₹1,526 crore expected soon for BSNL’s 4G deployment. The company also noted delays in shipments for nearly 18,000 BSNL sites and some inventory issues with other customers.
Tejas highlighted multiple strategic developments during the quarter, including partnerships with Rakuten Symphony and Intel to strengthen its 5G solutions portfolio. It also won BharatNet Phase-III orders for IP routers and supplied GPON equipment for Gujarat’s last-mile connectivity project. International business saw new orders from Africa and Europe, alongside critical infrastructure wins in India.
On the operational front, Tejas’ inventory increased to ₹2,537 crore, trade receivables stood at ₹4,453 crore, and net working capital rose by ₹432 crore. The company closed the quarter with ₹545 crore in cash and borrowings of ₹3,990 crore.
Investors will watch the stock closely today as the company works to convert its large inventory and pipeline orders into revenues in the coming quarters.
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