Tejas Networks Limited has informed the Exchange about Investor Presentation
TEJASNET · price
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Tejas Networks reported a sharp drop in Q1 FY26 revenue to INR 202 Cr, down from INR 1,907 Cr in Q4 FY25, due to delayed receipt of purchase order and shipment clearances for the BSNL 4G network of 18,000 sites. The company swung to a loss with PAT of INR -194 Cr versus INR -72 Cr in the previous quarter, with material margins compressing sharply to 19% from 42% and finance costs of around INR 75 Cr. The closing order book stood at INR 1,241 Cr, with an additional BSNL order of INR 1,526 Cr for ~18,685 sites expected shortly. Key business wins include a Bharatnet Phase-III order, run-rate DWDM orders from Tier-1 Indian telcos, and new partnerships with Rakuten Symphony and Intel for 5G Open RAN and D2M chipsets.
Near-term outlook is weak with delayed BSNL shipments and rising working capital pressure, but a large order pipeline (INR 1,526 Cr BSNL order) and strategic partnerships provide a path to recovery; however, high borrowings of INR 3,990 Cr and mounting losses are concerns for shareholders.