The company’s revenue for Q1FY26 stood at Rs 202 crore, a sharp 87% YoY decline from Rs 1,563 crore reported in Q1FY25. For the full year FY25, revenue was Rs 8,923 crore.
On the profitability front, Tejas Networks reported a pre-tax loss of Rs 297 crore for the June quarter, compared to a pre-tax profit (PBT) of Rs 122 crore in the corresponding period of the previous fiscal.
“In Q1 FY26, we signed strategic partnerships with Rakuten Symphony for developing O-RAN solutions, and with Intel and some mobile phone manufacturers for adopting our D2M chipsets. These partnerships enhance our go-to-market initiatives in international markets. We won orders for our routers for BharatNet Phase 3 and optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL,” said Arnob Roy, COO of Tejas Networks.
Tejas Networks share price history
Shares of Tejas Networks have declined 50.46% over the past year. Year-to-date (YTD), the stock is down 40.75%. Over the last six months, it has fallen 33.82%, while the three-month decline stands at 16.40%. Over the past month, the stock has declined by 0.79%.
On Monday, Tejas Networks shares closed 0.8% higher at Rs 699.40 on BSE.
Also read: Lack of short selling in Indian markets causing potential market distortions: Zerodha’s Nithin Kamath
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
