Shares of Tejas Networks dropped as much as 11 percent to Rs 627 on July 15 before trimming losses to trade over 5 percent lower, after the company reported a sharp loss for the June quarter. The sell-off was triggered by weak earnings, with the company slipping to a consolidated net loss of Rs 193.9 crore in Q1 FY26, compared to a net profit of Rs 77.5 crore in the same period last year. The disappointing performance, driven by a steep decline in revenue and operational metrics, weighed on investor sentiment.
Revenue plunged 87 percent year-on-year to Rs 211 crore, down from Rs 1,563 crore in Q1 FY25, largely due to delayed purchase orders and shipment clearances, especially related to the BSNL 4G rollout.
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On a sequential basis, revenue was down 89 percent. The company also reported an EBITDA loss of Rs 126.6 crore, with margins crashing to -60 percent from 10.9 percent a year earlier.
“The revenue shortfall was primarily due to delays in order receipts, including from BSNL,” said COO Arnob Roy, adding that Tejas secured orders for routers under BharatNet Phase 3 and optical equipment from private operators in India.
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CFO Sumit Dhingra said the bottom line was impacted by lower topline performance but noted that the order book stood at Rs 1,241 crore—up 22 percent quarter-on-quarter. He added that a Rs 1,526 crore RAN equipment order linked to BSNL’s expansion is expected soon.
At about 9:45 am, shares of the company were trading at Rs 660, lower by 5.5 percent from the last close on the NSE. Tejas Networks' shares have been on a tough run, falling 45 percent since the start of the year.
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