Tejas Networks doubles Q1 revenue, lands first overseas 5G deal
Revenue nearly doubled to ₹402 crore on international 5G radio sales and domestic fibre demand. Net loss widened to ₹202 crore. Order book stands at ₹1,529 crore.
— 2 earlier stories on Tejas Networks Ltd. →What's new
- Revenue doubled to ₹402 crore from ₹202 crore a year earlier.
- Secured first commercial end-to-end 5G network contract in South America.
- Order book at ₹1,529 crore provides near-term visibility.
Why this matters
The revenue surge signals a recovery in business momentum, driven by international 5G radio sales and domestic fibre demand. However, the net loss of ₹202 crore and net debt of ₹4,277 crore show continued R&D intensity and finance costs. The South America 5G win is a strategic milestone, but profitability remains elusive.
What we're watching
- Execution and ramp-up of the South America 5G contract.
- Trend in net debt and finance costs ahead.
- Sustained domestic fibre broadband demand.
The full read
Tejas Networks' Q1 FY27 numbers tell a story of top-line recovery and continued bottom-line strain. Revenue nearly doubled to ₹402 crore from ₹202 crore a year ago, powered by international 5G radio sales and domestic fibre demand. The company also bagged its first commercial end-to-end 5G network contract in South America — a strategic milestone that opens a new geography. But the net loss edged up to ₹202 crore, reflecting high R&D spend and finance costs on a ₹4,277 crore net debt pile. The order book of ₹1,529 crore provides near-term visibility. The 5G win is the headline, but the cash burn is the undertow. Execution on that contract and debt trajectory will determine whether this is a genuine revival or a costly growth spurt.
Questions answered
- What drove the near-doubling of revenue in Q1?
- Revenue growth was fueled by international sales of 5G radios and strong domestic demand for fibre broadband and optical transmission products.
- Why did the net loss widen despite higher revenue?
- The net loss increased to ₹202 crore from ₹194 crore a year ago, reflecting ongoing R&D spending and finance costs on elevated debt.
- How significant is the South America 5G contract?
- It is Tejas Networks' first commercial end-to-end 5G network deployment win in South America, marking a strategic milestone in international expansion.
- What is the current order book and what does it cover?
- The order book stood at ₹1,529 crore at end-June, covering telecom equipment orders including 5G radios and fibre products. It provides near-term revenue visibility.
- What is Tejas Networks' debt position?
- Net debt was ₹4,277 crore as of June, comprising gross debt of ₹4,866 crore and cash of ₹589 crore. Debt-to-equity stood at 1.38.
- Is this Q1 result a surprise to the market?
- The earnings release is widely disseminated and rapidly absorbed. Revenue growth and the 5G win are positive, but the information carries immediate short-lived impact.
Tejas Networks Ltd.
Latest quarter · Jun 2026
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All notes on TEJASNET →- 27 Jul 2026 · 8:30 PM IST Tejas Networks doubles Q1 revenue, lands first overseas 5G deal
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