Outcome of the Board meeting - Unaudited Financial Results for the quarter ended June 30, 2025
TEJASNET · price
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Tejas Networks reported a sharp deterioration in Q1 FY26 standalone performance, with revenue from operations falling to Rs 201.93 crore from Rs 1,562.03 crore in Q1 FY25 — a drop of roughly 87%. The company swung from a profit after tax of Rs 81.07 crore last year to a loss after tax of Rs 193.91 crore, translating to a loss per share of Rs 10.99 versus earnings of Rs 4.75 earlier. Total expenses stood at Rs 508.86 crore, well above revenue, driven by high depreciation (Rs 96.46 crore), finance costs (Rs 74.69 crore), and employee costs. The auditor Price Waterhouse gave an unmodified limited review opinion but flagged an emphasis-of-matter regarding the Saankhya Labs amalgamation, which has led to restatement of prior-period comparative figures with effect from April 1, 2023.
The dramatic revenue collapse and swing to a sizeable loss is likely to weigh on the stock in the near term, as investors digest weak order execution or timing issues in Q1. However, the restated figures are purely a presentation effect of the Saankhya Labs merger and not a new operational concern; shareholders should focus on the underlying revenue trend and management commentary in the conference call for clarity on recovery.