Tejas Networks Reports Q4 Loss; Shares Fall 4.19%

Mumbai, April 16: Tejas Networks Limited reported a loss of ₹211 crore for the quarter ended March 31, 2026, as per the company’s press release.

Revenue for Q4FY26 came in at ₹333 crore, a steep drop from ₹1,907 crore in the same period last year. On the profitability front, the company reported a pre-tax loss of ₹281 crore, widening significantly from a loss of ₹45 crore a year ago.

Net loss stood at ₹211 crore for the quarter, compared with ₹72 crore in Q4FY25. The numbers point to a quarter where cost absorption and revenue timing did not align well.

Revenue for FY26 fell to ₹1,103 crore from ₹8,923 crore in FY25. The company posted a net loss of ₹909 crore, a reversal from a profit of ₹447 crore in the previous year. A sharp swing, and one that the market has taken note of.

Stock Market Snapshot

Tejas Networks share price declined following the results, reflecting concerns around earnings visibility in the near term.

As of 10:57 IST on April 16, 2026, the stock was trading at ₹431.00, down ₹18.85 or 4.19% from the previous close of ₹449.85, according to exchange data. During the session, it touched a low of ₹422.50 and a high of ₹439.65.

The reaction suggests that while investors acknowledge the company’s long-term positioning, the immediate financial performance has weighed on sentiment. Losses of this scale tend to shift focus toward execution discipline and recovery timelines.

Operational Progress Continues Beneath The Surface

Even as financials weakened, the company highlighted several operational milestones that indicate underlying business activity remains intact.

Tejas Networks pointed to progress in its international expansion, including its first commercial order for 4G and 5G wireless products in overseas markets. It also secured a 5G Massive MIMO radio supply contract and completed trials with an operator in the Americas.

On the domestic front, the rollout of BSNL’s pan-India 4G network using the company’s indigenous technology remains a key development. Additionally, shipments of more than 17,000 routers under BharatNet Phase III underline continued execution in government-led programmes.

There is also a technology angle. The company launched advanced wireless and wireline products, and filed 63 patents during the quarter, taking its total to 676. Incremental progress, even if not yet reflected in earnings.

Order Book Growth Offers Some Comfort

One area that provides a degree of stability is the order book. Tejas Networks reported an order book of ₹1,514 crore at the end of the quarter, marking a year-on-year increase of 49%.

At the same time, the balance sheet reflects elevated leverage. Net debt stood at ₹3,531 crore, with gross debt at ₹4,035 crore and cash reserves of ₹505 crore. These numbers suggest that capital management will remain an important factor going forward.

Demand trends, particularly for high-capacity networking solutions such as 400G and 800G DWDM, remain supportive. However, translating this demand into timely revenue and margins will be key.

Execution And Recovery Now In Focus

The latest results underline a phase of transition for Tejas Networks. Strong operational activity continues, but financial outcomes have lagged, at least for now.

The market appears to be shifting its focus from order wins and product milestones to execution quality and profitability recovery. The coming quarters will be critical in determining whether the company can stabilise margins and convert its pipeline into earnings.

Source:

• https://www.nseindia.com/get-quote/equity/TEJASNET/Tejas-Networks-Limited
• https://nsearchives.nseindia.com/corporate/TEJASNET_15042026195730_PR_-_financials.pdf