Tejas Networks Ltd.TEJASNET₹653.55 -6.42%

Tejas Networks Ltd. saw its stock price fall by nearly 10% today, touching a 52-week low of ₹627.45, following the release of its Q1 FY26 financial results.

The company reported a sharp 87% drop in revenue, down to ₹202 crore in Q1 FY26 from ₹1,563 crore in the same quarter last year. Compared to the previous quarter, revenue fell 89% to ₹1,907 crore.

According to the company, this decline was mainly due to delays in receiving key purchase orders, especially the BSNL 4G expansion order, which came only after the quarter ended. 

The company also cited delays in inventory arrival and shipment clearances for several customers.

Tejas Networks posted a net loss of ₹194 crore for the quarter, driven by the lower revenue.

The company is expected to receive a ₹1,526 crore order for supplying RAN equipment under BSNL’s 4G expansion project, covering around 18,685 sites. 

This follows the awarding of the expansion contract to TCS.

Despite having a strong order pipeline and strategic partnerships, the near-term focus appears to be on clearing pending projects, especially those linked to BSNL.

Note: The stock price mentioned is as of 2:45 PM

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954