Tejas Networks has reported its financial results for the first quarter (Q1) ended June 30, 2025. For Q1 of the financial year 2025-26 (FY26), consolidated net revenue was Rs 2.02 billion, as compared to Rs 15.63 billion in Q1 of FY25, resulting in a negative profit before tax (PBT) of Rs 2.97 billion as compared to a positive profit before tax of Rs 1.22 billion, for corresponding previous period. Meanwhile, profit after tax (PAT) was negative Rs 1.94 billion as compared to positive profit after tax of Rs 0.77 billion for corresponding previous period.
Commenting on the results, Arnab Roy, chief operating officer, Tejas Networks, said, “In Q1 FY26, we signed strategic partnerships with Rakuten Symphony for developing open radio access network (O-RAN) solutions, and with Intel and some mobile phone manufacturers for adopting our direct to mobile (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 Bharat Sanchar Nigam Limited (BSNL).”
Meanwhile, Sumit Dhingra, chief financial officer (CFO), Tejas Networks, said, “In Q1 FY26 we had a revenue of Rs 2.02 billion and a net loss of Rs 1.94 billion, largely due to lower revenue. We ended the quarter with an order book of Rs 12.41 billion, representing a quarter on quarter (QoQ) growth of 22 per cent. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO for supply of RAN equipment worth Rs 15.26 billion.”
