Transcript of conference call with Analysts/Institutional Investors held on 25th May, 2026.
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Takyon Networks reported FY26 consolidated revenue of Rs. 71.05 crores, down about 31% from FY25, hit by a global supply chain crisis as AI infrastructure demand diverted manufacturing capacity away from traditional IT networking components. Prices for switches, firewalls, compute and storage hardware rose 40-300%, while lead times extended from 8-12 weeks to as much as 52 weeks. Management chose balance sheet protection over chasing unprofitable revenue, cutting total liabilities by ~75% from Rs. 50 cr to Rs. 12.20 cr, reducing debt by 40%, and bringing debt-to-equity to 0.12 (lowest among peers). FY26 PAT came in at Rs. 3.65 cr (EPS Rs. 3.29) on a ~10% EBITDA margin. The company has a confirmed executable order book of Rs. 32 cr, of which Rs. 20-22 cr is expected to bill in H1FY27, and is guiding FY27 revenue growth of 15-20% and EBITDA margin of 11-13%.
FY26 results were weak on the top line, but the cleaned-up balance sheet and disciplined approach reduce downside risk. Positive near-term catalysts include the Rs. 32 cr order book, guided FY27 margin recovery to 11-13%, and revenue growth of 15-20%, though supply chain normalisation over the next 3-4 months remains the key swing factor for execution.