Tejas Networks Shares Slipped ~7% After Posting Third Straight Quarterly Loss

Shares of Tejas Networks Ltd., a Tata Group firm, fell nearly 7% on Monday, October 20, following the release of its Q2 FY26 earnings report, which marked the company’s third consecutive quarterly loss. Tejas Networks share price reached a day low of ₹546.00 at 09:20 AM after opening at ₹559.95 on BSE.

The company announced its July-September quarter results, reporting a net loss of ₹307 crore, a sharp reversal from a net profit of ₹275 crore in the same quarter last year. Revenue from operations plunged 91% year-on-year to ₹262 crore, compared to ₹2,811 crore in the corresponding period of the previous fiscal.

Tejas Network Management Take on Q2FY26 Earnings

Mr. Arnob Roy, COO of Tejas Networks said, "In Q2 FY26, a key highlight was the successful inauguration of the BSNL 4G network by the Hon'ble PM, across 97,000+ sites built with our 4G RAN product. We became the 5th nation in the world to develop fully indigenous 4G/5G stack. During the quarter we continued to invest in expanding our product portfolio and sales engagements:

• Our 64T64R massive MIMO radio was launched by Hon'ble MOC at Indian Mobile Congress.
• We also launched our state-of-the-art 1.2Tbps DWDM transmission system
• Successfully completed our first private SG RAN deployment under BSNL's CNPN (Captive Non-Public Network) program and 4G/5G RAN POC in a mobile operator's network in South Asia
• We had increasing traction for our 400G DWDM products with new wins in India, Europe and Africa
• We expanded our Wireless International customer engagements through partnerships with NEC and Rakuten."

Also Read: Reliance Jio Crosses 500 Million Subscribers Milestone: Revenue Soared Over 12% in Q2FY26

Mr. Sumit Dhingra, CFO said, "In Q2 FY26 we had a revenue of Rs. 262 Cr, a QoQ growth of 30%. We ended the quarter with an order book of Rs. 1,204 Cr. We had a net loss of Rs. 307 Cr, largely due to lower revenue and provisions due to manufacturing process losses, warranty and inventory obsolescence (~190 Cr)."

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