Tejas Networks Limited has informed the Exchange about Investor Presentation
TEJASNET · price
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Awaiting price reaction for this filing.
Tejas Networks reported Q3 FY26 revenue of INR 307 Cr, up 17% sequentially from INR 262 Cr in Q2 FY26. However, the company posted a loss of INR 197 Cr at the PAT level, though narrower than the INR 307 Cr loss in the previous quarter, partly due to one-time provisions of INR 34 Cr for gratuity and warranty expenses. Order book grew to INR 1,329 Cr from INR 1,204 Cr in Q2 FY26, with India contributing 92% of the closing book. Key wins include 7 out of 12 Bharatnet Phase-III packages, a DWDM order from an African broadband ISP, an MPLS-TP network transformation order from a SE Asia power sector firm, and selection as 5G RAN supplier for a Delhi-Mumbai railway Kavach pilot. However, shipment of the BSNL 4G add-on purchase order worth INR 1,526 Cr for 18,000 sites is delayed. Net debt declined to INR 3,349 Cr from INR 3,738 Cr supported by lower working capital, and the company received INR 84.95 Cr in PLI incentives for Q4 FY25.
Revenue growth and shrinking losses are positives, but persistent quarterly losses and a still-elevated net debt of over INR 3,300 Cr keep the stock under pressure. The delayed BSNL 4G PO is a near-term overhang, though strong order book growth and multiple international wins signal improving business momentum.