Tejas Networks has reported its financial results for the fourth quarter (Q4) and full year ended March 31, 2026. For Q4 of financial year 2025-26 (FY26), the company’s net revenue decreased to Rs 3.33 billion from Rs 19.07 in Q4 FY25, resulting in a negative profit before tax (PBT) of Rs 2.81 billion as compared to a negative PBT of Rs 0.45 billion, for corresponding previous period. Meanwhile, profit after tax (PAT) was negative Rs 2.11 billion as compared to negative PAT of Rs 0.72 billion for corresponding previous period.

Further, company’s net revenue for FY26 decreased to Rs 11.03 billion from Rs 89.23 billion in FY25, resulting in a negative PBT of Rs 13.54 billion against positive PBT of Rs 6.98 billion in the reported period. Additionally, the company reported a net loss of Rs 9.09 billion for the year, against a PAT of Rs 4.47 billion in the corresponding period.

Some key highlights for the company during the quarter were:

  • Won additional packages for Bharatnet: Supplier of IP/ multi-protocol label switching (MPLS) routers for Bharatnet Phase-III; won 7/12 package. Successful commercial launch of BSNL’s pan-India 4G network powered by indigenously designed 4G/5G RAN products;
  • Selected as the IP/MPLS router original equipment manufacturer for the largest number of BharatNet Phase III packages announced in FY26; and completed shipment of 17,000+ routers which are being deployed across nine states and five union territories
  • Launched several state-of-the-art wireless and wireline products, which included 64TR massive multiple input multiple output (MIMO) radios, a converged 4G/5G core and a hyper-scalable data centre Interconnectivity platform
  • Forged a multi-faceted strategic partnership with Rakuten Symphony to develop integrated Open RAN solutions and engage in joint go-to-market efforts
  • Filed 63 patents in Q4 FY26 taking the cumulative global patent count to 676 of which 371 patents have been granted.

Commenting on the results, chief operating officer, Tejas Networks said, “In Q4 FY26, we made significant progress in international business expansion of our Wireless products, with the first commercial order for our 4G/5G wireless products in international markets, a 5G Massive MIMO radio supply contract with NEC, and successful trials of our 5G products for an operator in Americas. During the quarter, we also witnessed strong traction for our 400G/800G coherent DWDM solutions in telco and carrier of carrier networks to serve the surging bandwidth demand for 5G backhaul, enterprise and data centre connectivity.”

Meanwhile, chief financial officer, said, “In Q4 FY26 we had a revenue of Rs 3.33 billion, a quarter-on-quarter growth of 8 per cent. We ended the quarter with an order book of Rs 15.14 billion, a year-on-year growth of 49 per cent. Our net debt was Rs 35.31 billion; gross debt of Rs 40.35 billion and cash of Rs 5.05 billion. For FY26, we achieved a revenue of Rs 11.03 billion with a PAT loss of Rs 9.09 billion.”