Tejas Networks Q1 Results: Net loss of ₹194 crore vs profit last year; revenue drops 87%

Tejas Networks Q1 Results: Net loss of ₹194 crore vs profit last year; revenue drops 87%Tejas Networks reported a ₹194 crore net loss in Q1 FY26 as revenue declined sharply, hit by BSNL order delays and shipment issues. Order book, however, improved sequentially.By Sheersh Kapoor | Reema Tendulkar July 14, 2025, 9:59:20 PM IST (Updated)2 Min ReadTejas Networks Ltd reported a sharp reversal in its financial performance for the June quarter, swinging to a consolidated net loss of ₹193.9 crore in Q1 FY26 from a net profit of ₹77.5 crore in the year-ago period.

The loss was attributed to delayed purchase orders and shipment clearances, particularly relating to the BSNL 4G project.

Revenue plunged 87% year-on-year to ₹211 crore from ₹1,563 crore in Q1 FY25, and dropped 89% sequentially. EBITDA loss stood at ₹126.6 crore versus a positive ₹230 crore last year, with margins slipping to -60% from 10.9%.

“We won orders for routers under BharatNet Phase 3 and optical equipment from private operators in India. However, shortfall in revenue was due to delays in receipt of purchase orders, including from BSNL,” said COO Arnob Roy.

Key financials:

QuarterRevenue (₹ crore)QoQ ChangeYoY ChangeEBITDA (₹ crore)EBITDA %PAT/Loss (₹ crore)Q1FY26210.98-89%-86.5%-126.6-60.0%-193.9Q4FY251907-23.6%371.8%121.66.38%-71.8Q1FY251563+12.8%696.2%230.2610.9%77.5

CFO Sumit Dhingra added, “The net loss of ₹194 crore was largely due to lower revenue. But we ended the quarter with an order book of ₹1,241 crore, up 22% QoQ.” The company expects fresh orders soon, including a ₹1,526 crore RAN equipment order tied to BSNL’s expansion.

Order book and trade receivables (₹ crore):

QuarterQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Order Book7,0914,8452,6811,0191,241Trade Receivables2,0523,7584,7304,8844,453

Tejas Network's cash position at the end of the quarter stood at ₹545 crore.

Ahead of the announcement, shares of Tejas Networks closed 1.46% higher at ₹703.80 on the NSE on Monday.Continue ReadingFirst Published: Jul 14, 2025 9:33 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsearningsQ1 resultsshare market todayTejas Networks