Tejas Networks Limited has informed the Exchange regarding a press release dated January 09, 2026, titled "Financial Results for Q3 FY26".
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Awaiting price reaction for this filing.
Tejas Networks reported Q3 FY26 results with revenue of Rs. 307 crore, down sharply from Rs. 2,642 crore in the same quarter last year, and posted a loss after tax of Rs. 197 crore versus a profit of Rs. 166 crore a year ago. For the nine-month period, revenue fell to Rs. 771 crore with a cumulative loss of Rs. 698 crore. On the positive side, revenue grew 17% sequentially from the previous quarter, and the order book stood at a healthy Rs. 1,329 crore. Key business wins during the quarter include 7 of 12 Bharatnet Phase-III packages, a 5G RAN pilot for the Delhi-Mumbai railway corridor, and expansion orders from private telcos and an Africa broadband ISP. Net debt reduced to Rs. 3,349 crore from Rs. 3,738 crore in Q2 FY26, supported by lower working capital.
The steep year-on-year revenue decline and continued losses are concerning, but sequential growth, a strong order pipeline, and new contract wins suggest the business is stabilizing. High debt levels and weak profitability remain key risks for shareholders in the near term.