Tejas Networks reported a Q4 FY26 revenue of INR 333 crore, with a full-year revenue of INR 1,103 crore and a PAT loss of INR 909 crore. The company cited a year of consolidation and transition following the execution of the BSNL project. Despite financial headwinds and delays in project implementations, management remains optimistic, highlighting a strong order book of INR 1,514 crore and strategic investments in 5G and AI-driven network technologies.
Financial Performance Overview
During the Q4 earnings call held on April 15, 2026, Tejas Networks announced that the fiscal year 2026 was a period of transition. The company posted a Q4 revenue of INR 333 crore, an 8% quarter-on-quarter growth, though it recorded a net PAT loss of INR 211 crore for the quarter. For the full year, total revenue reached INR 1,103 crore, with a cumulative PAT loss of INR 909 crore.
Strategic Business Developments
Management highlighted significant progress in its wireless and wireline segments. Key milestones include the expansion of 4G and 5G RAN deployments in South Asia and the Americas, and the shipment of critical IP/MPLS routers for BharatNet Phase III. The company also secured major contracts for 100G and 400G WDM systems, demonstrating its capability in supporting hyperscale data center connectivity.
Focus on Innovation and R&D
Tejas Networks continues to prioritize deep-tech investments. In Q4 alone, the company filed 63 patents, bringing the total to 676 cumulative patents. Management emphasized that these innovations, particularly in 5G Massive MIMO radios and AI-ready network infrastructure, are essential for long-term growth. The company also received INR 69 crore in PLI incentives for FY25, bringing the total incentive amount to INR 469 crore for the year.
Outlook for FY27
Looking ahead, the company maintains a positive outlook despite the challenges faced in the previous fiscal year. With an order book of INR 1,514 crore—88% of which is driven by Indian customers—Tejas Networks is focused on scaling its new wireless products and optimizing its cost structure. While no formal financial guidance was provided, management expressed a firm goal of achieving a financial turnaround and returning to profitability in the near term.
Source: BSE
