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TEJASNETWORKS Information Technology 28 Apr 2026

Tejas Networks Ltd — Q4 FY26

Tejas Networks reported Q4 FY26 revenue of ₹333 crore, up 8% QoQ, but continued to post heavy losses with EBITDA of -₹219 crore and PAT of -₹211 crore.

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Revenue ₹333 Cr
EBITDA ₹-219 Cr
PAT ₹-211 Cr
EBITDA Margin -65.8%
Duration 62 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Tejas Networks reported Q4 FY26 revenue of ₹333 crore, up 8% QoQ, but continued to post heavy losses with EBITDA of -₹219 crore and PAT of -₹211 crore. Full-year revenue was ₹1,113 crore with a net loss of ₹909 crore. The year was marked by transition post the large BSNL project, with several planned deals delayed, leading to a revenue shortfall. Management maintained R&D investments, resulting in a strong order book of ₹1,514 crore (excluding BSNL). Key wins include a 5G massive MIMO supply deal with NEC and initial 4G expansion orders in South Asia. Guidance is absent, but management expects better financial results in FY27. Risk: BSNL add-on order remains delayed, straining balance sheet with high receivables and inventory.

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Risk Intelligence

BSNL add-on order delay

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Quarter Snapshot

Order Book ₹1,514 crore
+7,868% YoY

Order book grew from ₹19 crore in Q4 FY25 to ₹1,514 crore, driven by wireline and wireless wins.

India Revenue Mix 88%
flat YoY

India continued to dominate revenue, with international contribution remaining low.

Patent Filings (Q4) 63
+63 QoQ

Cumulative patents reached 676, with 371 granted, supporting long-term IP strategy.

Headcount 2,300
flat YoY

Headcount remained stable at ~2,300, indicating cost control despite revenue decline.

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Guidance and risk preview

Top guidance Better financial results in FY27

Management expects improved financial performance in FY27 due to stronger business outlook and cost optimization.

Top risk BSNL add-on order delay

The anticipated BSNL add-on PO for 18,000 sites remains undecided, causing inventory buildup and cash flow strain.

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