Shares of Tejas Networks gained more than 3% in Tuesday’s session after reports suggested Tata Sons Chairman N Chandrasekaran and senior group leaders will present future business plans for five Tata Group companies, including Tejas Networks.
The stock climbed over 3% to around Rs 492 during intraday trade after the CNBC-TV18 report boosted investor sentiment around the company’s long-term growth roadmap.
The rally comes despite Tejas Networks reporting a weak FY26 performance marked by losses, balance-sheet stress and project delays.
For FY26, the company reported revenue of Rs 1,130 crore and a net loss of Rs 999 crore. Q4 FY26 revenue stood at Rs 333 crore, while the quarterly net loss came in at Rs 211 crore. Management itself described the year as “disappointing,” calling FY26 a period of consolidation and transformation.
However, investors appear to be focusing on the company’s long-term technology and telecom infrastructure opportunities rather than near-term earnings pressure.
Management highlighted strong growth potential from AI-led network infrastructure demand, particularly in 400G and 800G edge connectivity solutions. The company expects AI traffic to account for over 60% of total network traffic by 2035, with edge inferencing emerging as a major structural theme.
Tejas Networks also stated that wireless growth is expected to scale up in FY27, while optical and routing products are entering commercial expansion phases. Partnerships with NEC and Rakuten are being leveraged to strengthen international market reach.
A major near-term trigger remains the potential BSNL add-on order for 18,000 sites. Although no purchase order has been received yet, management indicated discussions are ongoing. The company’s current order book stood at Rs 1,514 crore at the end of FY26, excluding the possible BSNL order.
The company also continues to invest aggressively in indigenous deep-tech capabilities, filing 63 patents during Q4 FY26, taking the total patent count to 676.
Despite optimism around future plans and AI-linked telecom opportunities, analysts continue to flag concerns around the balance sheet. Net debt stood at Rs 3,531 crore, receivables at Rs 3,258 crore and inventory at Rs 2,438 crore, indicating continued financial pressure.
Investors are now closely watching Tata Group’s strategic roadmap presentation, BSNL execution updates and monetisation of global telecom partnerships as key factors that could drive Tejas Networks shares further.
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