Tejas Networks reported revenue of INR 307 Cr for Q3 FY26. The company’s order book stood at INR 1,329 Cr at the end of the quarter. Wireless product trials are ongoing, and commercial negotiations are expected to close soon. Tejas won additional Bharatnet packages and is expanding in the data center networking space. It also received Rs 84.95 crore as PLI incentives for Q4-FY25.
Financial Performance
Tejas Networks announced the following key financial results for Q3 FY26:
- Net Revenue: INR 307 Cr (compared to INR 262 Cr in Q2 FY26)
- Profit After Tax: INR -197 Cr (compared to INR -307 Cr in Q2 FY26)
- Order book at the end of Q3: INR 1,329 Cr (compared to INR 1,204 Cr in Q2 FY26)
The revenue mix for Q3 FY26 was 85% from India and 15% from international markets. The closing order book mix was 92% from India and 8% from international markets.
Key Business Updates
The company provided the following business highlights:
- Increased international engagements for 4G/5G RAN equipment.
- Selected as the 5G RAN supplier for a section of the Delhi-Mumbai railway corridor.
- Multiple wins for Private 5G deployments in India.
- Won additional packages for Bharatnet.
- Received expansion orders for DWDM and GPON OLT equipment.
- First win in a sovereign data centre networking application in India.
Other Updates
- Rs 84.95 crore received as PLI incentives for Q4-FY25; cumulatively received Rs 397 crore as PLI incentives for FY25.
- Filed 26 patents in Q3FY26.
Financial Position
Select financial indicators include:
- Inventory: INR 2,363 Cr
- Trade receivables: INR 3,284 Cr
- Cash and Cash Equivalents: INR 537 Cr
- Borrowings: INR 3,885 Cr
Source: BSE
