Tejas Networks shares plunge 8%, hit 52-week low as Q3 loss widens, revenue tanks 88% YoY. Check details
Tejas Networks has hit a troubling 52-week low in its share prices following a significant loss reported for the December quarter. This decline can be attributed to a drastic reduction in sales figures and challenges with deferred purchase orders from BSNL.
Shares of Tejas Networks witnessed selling pressure on Monday, sinking 12.5% to their new 52-week low of Rs 364.50 on the BSE after the company reported a weak set of numbers for the quarter ended December of the financial year 2026.
Domestic telecom equipment maker Tejas Networks on Friday reported a consolidated loss of Rs 196.55 crore for the October–December quarter, marking its second consecutive quarterly loss. The weak performance was largely driven by a sharp decline in sales, including the deferment of purchase orders from state-owned Bharat Sanchar Nigam Limited (BSNL). In the same quarter last year, the company had posted a profit of Rs 165.67 crore.
Consolidated revenue from operations fell sharply by about 88% year-on-year to Rs 307 crore in the December 2025 quarter, compared with around Rs 2,642 crore reported in the December 2024 quarter.
Tejas Networks is a key vendor for BSNL’s 4G rollout under the CDOT–TCS consortium and has positioned itself as one of the largest suppliers of network routers. During the reported quarter, around 85% of the company’s revenue mix, excluding operating revenue, came from the domestic market, while the remaining 15% was contributed by international operations.
Sensex, Nifty today: Catch all the LIVE stock market action here
The company said it maintained inventory worth Rs 2,363 crore as of the December 2025 quarter, which it expects to convert into finished goods and ship over the coming months. Cash balances stood at Rs 537 crore during the quarter.
Tejas Networks also highlighted progress on the order book and project wins. The company said it has secured multiple contracts for private 5G deployments in India, including applications across ports and mining operations. It has also been selected as the 5G radio network supplier for a section of the Delhi–Mumbai railway corridor as part of Indian Railways’ Kavach pilot project.
During the quarter, the company received Rs 84.95 crore as production-linked incentive (PLI) for the March 2025 quarter, taking the total incentives received under the scheme to Rs 397 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)