Telecom Equipment company Tejas Networks announced Q1FY26 results Q1FY26: Rs 202 crore – a steep sequential drop that management attributes to delayed purchase orders (including the BSNL expansion PO) compared to Q1FY25: Rs 1,563 crore serves as the YoY comparison base. Q1FY26: Rs -297 crore – swung to a pre-tax loss alongside lower revenue compared to Q1FY25: Rs -194 crore – the company had already been loss-making in the comparable quarter, but the loss widened this year. Q1FY26: Rs -194 crore – management calls this the “net loss” for the quarter compared to Q1FY25: Rs 77 crore – Tejas had turned a small profit in the year-ago quarter. Closing order book at 30 Jun 2025: Rs 1,241 crore – up 22 % QoQ, signalling improved visibility even as revenue recognition slipped. Arnob Roy, COO, Tejas Networks, said: “In Q1FY26, we signed strategic partnerships with Rakuten Symphony for developing O-RAN solutions, and with Intel and some mobile phone manufacturers for adopting our D2M chipsets. These partnerships enhance our Go-to-Market initiatives in international markets. We won orders for our Routers for Bharatnet-phase 3 and Optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL.” Sumit Dhingra, CFO, Tejas Networks, said: “In Q1FY26 we had a revenue of Rs 202 crore and a net loss of Rs 194 crore, largely due to lower revenue. We ended the quarter with an order book of Rs 1,241 crore, representing a QoQ growth of 22%. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO for supply of RAN equipment worth Rs 1,526 crore.” Result PDF
Conference Call with Tejas Networks Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.