Tejas Networks has reported its financial results for the third quarter (Q3) ended December 31, 2025. For Q3 of financial year 2025-26 (FY26), the company’s net revenue decreased to Rs 3.07 billion from Rs 26.42 in Q3 FY25, resulting in a negative profit before tax (PBT) of Rs 3.03 billion as compared to a positive PBT of Rs 2.11 billion, for corresponding previous period. Meanwhile, profit after tax (PAT) was negative Rs 1.97 billion as compared to positive profit after tax of Rs 1.66 billion for corresponding previous period.
Some key highlights for the company during the quarter were:
- Won additional packages for Bharatnet.
- Selected as the 5G radio access network supplier on a section of the Delhi-Mumbai railway corridor for a Kavach pilot.
- Received expansion orders for dense wavelength division multiplexing (DWDM) and gigabit passive optical network optical line terminal (GPON OLT) equipment from leading private telcos in India.
- Won a DWDM backbone buildout order from a broadband internet service provider in Africa and a network transformation application for its multiprotocol label switching – transport profile (MPLS-TP) products for a power sector company in SE Asia.
Commenting on the results, chief operating officer (COO), Tejas Networks, said, “In Q3 FY26, our revenue was driven largely by sale of wireline products to India private and international customers. During the quarter, we engaged in multiple field trials for our wireless products in India and international markets; commercial negotiations are expected to close in the coming months.”
Meanwhile, chief financial officer, Tejas Networks, said, “In Q3 FY26 we had a revenue of Rs 3.07 billion, a quarter-on-quarter (QoQ) growth of 17 per cent. We ended the quarter with an order book of Rs 13.29 billion. Our net debt was Rs 33.49 billion compared to Rs 37.38 billion in Q2 FY26 mainly due to lower working capital, partly offset by capital expenditure; gross debt of Rs 38.85 billion and cash of Rs 5.37 billion.”
