Domestic telecom equipment maker Tejas Networks recorded a consolidated loss of Rs 196.55 crore in the October–December quarter of FY26. This marks the company’s second consecutive quarterly loss, attributed mainly to sluggish sales and delayed orders from state-owned BSNL. Tejas Networks had reported a profit of Rs 165.67 crore in the same quarter the previous financial year.
Its consolidated revenue from operations plummeted by nearly 88%, amounting to Rs 306.79 crore in the December quarter, a significant drop from around Rs 2,642 crore a year earlier. Tejas Networks, a crucial supplier for BSNL’s 4G network rollout within the C-DOT–TCS consortium, emphasized its position as the primary provider of network routers.
During the quarter, a purchase order worth Rs 1,526 crore from BSNL for 18,000 sites was postponed, impacting the company’s revenue performance. Tejas Networks disclosed that approximately 85% of its revenue mix, excluding operating revenue, was derived from the domestic market, with the remaining 15% contributed by international markets.
The company revealed that it currently holds inventory valued at Rs 2,363 crore as of the December 2025 quarter. This inventory is anticipated to be converted into finished goods and shipped in the upcoming months. For the nine-month period ending on December 31, Tejas Networks reported a total loss of Rs 697.55 crore, with its revenue from operations declining by 89% to Rs 793.69 crore.
Despite the challenging financial results, Tejas Networks announced securing multiple contracts for private 5G deployments in India, particularly for applications in ports and mines. Additionally, the company was chosen as the 5G radio network supplier for a segment of the Delhi–Mumbai railway corridor under an Indian Railways pilot project for the Kavach safety system. During the quarter, Tejas Networks also received Rs 84.95 crore in incentives under the production-linked incentive scheme for the March 2025 quarter, bringing the total incentives received under the scheme to Rs 397 crore.
