On July 15, 2025, Tejas Networks Ltd witnessed a sharp decline in its share price, falling 6.43% to ₹654.45 at 9:25 AM, following weak Q1 FY26 results. The stock opened at ₹679.95 and hit an intraday low of ₹629.65 also marking its new 52-week low.
The previous close was ₹699.40. With a VWAP (Volume Weighted Average Price) of ₹656.53, the price action reflected strong selling pressure. The stock’s current price band is 20%, with an upper limit of ₹839.25 and a lower limit of ₹559.55
Tejas Networks Ltd posted a significant downturn in its June quarter results, reporting a consolidated net loss of ₹193.9 crore in Q1 FY26, compared to a net profit of ₹77.5 crore in the same period last year. The sharp reversal was attributed to delays in key purchase orders and shipment clearances, particularly tied to the BSNL 4G rollout.
Total revenue fell by 87% year-on-year to ₹211 crore, down from ₹1,563 crore in Q1 FY25, and marked an 89% sequential decline. The company also reported an EBITDA loss of ₹126.6 crore, with margins deteriorating to -60%, compared to a positive 10.9% EBITDA margin a year ago.
COO Arnob Roy acknowledged the drop in revenue, citing order and shipment delays:
“We won orders for routers under BharatNet Phase 3 and optical equipment from private operators in India. However, shortfall in revenue was due to delays in receipt of purchase orders, including from BSNL.”
CFO Sumit Dhingra added, “The net loss of ₹194 crore was largely due to lower revenue. But we ended the quarter with an order book of ₹1,241 crore, up 22% quarter-on-quarter.”
Despite weak results, the company expects a ₹1,526 crore order for RAN equipment as part of BSNL’s expansion. Tejas also closed the quarter with a cash position of ₹545 crore, indicating stability to weather near-term challenges.
While Q1 FY26 results showed significant strain on Tejas Networks’ financials, a rising order book and expected fresh orders provide some forward visibility. Execution on delayed projects, especially BSNL-related contracts, will be key to a turnaround in the coming quarters.
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Published on: Jul 15, 2025, 9:32 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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