Tejas Networks, supported by the Tata Group, saw its shares plummet by almost 6% in early trading on Thursday following unsatisfactory earnings for the January–March quarter. The company reported its fifth consecutive quarterly loss in Q4 FY26, with revenue also experiencing a significant year-on-year decline.
Specializing in telecom and networking equipment for high-speed communication networks, Tejas Networks recorded a net loss of Rs 211 crore in Q4 FY26, a stark contrast to the Rs 72 crore loss in the same period the previous year. The company’s losses for FY26 totaled Rs 909 crore, with previous quarters also showing negative financial performance.
Revenue for Tejas Networks took a hit, dropping by 82.53% year-on-year to Rs 333 crore in Q4 from Rs 1,907 crore in the corresponding period last year. The full-year revenue saw a substantial 88% decrease to Rs 1,103 crore from Rs 8,923 crore in FY25.
On the operational side, EBITDA turned negative at Rs 118 crore compared to a profit of Rs 121.5 crore in the prior year, with margins slipping into negative territory. The company’s order book as of March stood at Rs 1,514 crore, reflecting a 49% increase year-on-year, while net debt was at Rs 3,531 crore and gross debt at Rs 4,035 crore.
Tejas Networks’ stock performance in 2026 has been fluctuating, with a current decline of over 4% for the year. Despite a 25% drop in January, a 29% rise in February, and an 11.7% decline in March, the stock has shown an 11% increase month-to-date.
