Tejas Networks announced its Q2 FY26 financial results. Revenue reached INR 262 Cr, while profit after tax was INR -307 Cr. The results include significant provisions for inventory and warranty. Key highlights include nationwide 4G service inauguration and advancements in both wireless and wireline businesses. The company remains optimistic about long-term growth driven by technology transitions and strategic expansions.
Financial Performance Overview
Tejas Networks reported a revenue from sales and service of INR 262 Cr for Q2 FY26, compared to INR 202 Cr in the previous quarter (Q1 FY26). However, the company recorded a profit after tax of INR -307 Cr, influenced by inventory and warranty provisions. The order book at the end of Q2 stood at INR 1,204 Cr.
Key Financial Metrics
The company’s revenue mix for Q2 FY26 was 79% from India and 21% from international markets. The closing order book mix showed 93% from India and 7% international. Expenses for the quarter included provisions for inventory obsolescence and warranty expenses amounting to INR 190 Cr.
Business Highlights
Notable achievements in Q2 FY26 include the inauguration of BSNL’s nationwide 4G service and the launch of a 64T64R massive MIMO radio. Tejas successfully completed its first private 5G RAN deployment under BSNL’s CNPN program. The company also secured Bharatnet Phase-III orders and launched a state-of-the-art 1.2Tbps DWDM transmission product.
Strategic Outlook
Tejas Networks is focused on long-term growth driven by factors like increasing data consumption and 5G deployment. The company is actively investing in product development, including 5G RAN portfolio and optical solutions. Strategic wins in Europe, Africa, and Asia are expected to drive international expansion.
Leadership Update
Dr. Randhir Thakur joined the Board as a Non-executive and Non-independent Director. He brings extensive experience in the semiconductor industry, holding leadership positions at Intel and other companies.
Source: BSE
