Tejas Networks doubles Q1 revenue, net loss narrows sequentially
Revenue nearly doubled YoY to ₹402 cr; net loss at ₹202 cr improves from last quarter but remains elevated as finance costs and provisions weigh.
— 2 earlier stories on Tejas Networks Ltd. →What's new
- Revenue jumped 99% YoY to ₹402 cr, driven by project deliveries.
- Net loss of ₹202 cr narrowed from ₹218 cr in Q4, but widened from ₹194 cr a year ago.
- Provisions for warranty and inventory obsolescence continued; finance costs stayed elevated.
Why this matters
Revenue growth signals recovery after the BSNL 4G project, but profitability remains distant. Elevated costs and provisions suggest a transition phase. The open question is whether the order book can convert into profitable revenue while working capital stays stretched.
What we're watching
- Whether revenue growth sustains in coming quarters.
- How long elevated finance costs and provisions persist.
- Any signs of working capital improvement or order book conversion.
The full read
Tejas Networks nearly doubled its quarterly revenue to ₹402 crore in Q1 FY27, while the net loss narrowed sequentially to ₹202 crore from ₹218 crore in Q4. The board approved the results on July 27. Revenue grew 21% sequentially and 99% year-on-year, reflecting a modest recovery after the BSNL 4G project. However, the company continues to book provisions for warranty expenses and inventory obsolescence, and finance costs and depreciation remain elevated, keeping the bottom line in the red. The quarterly performance is broadly in line with expectations and does not materially alter the investment thesis. The core challenge remains converting the order book into profitable revenue while managing stretched working capital.
Questions answered
- Why did Tejas Networks' revenue jump?
- Revenue nearly doubled YoY to ₹402 cr, driven by deliveries from the BSNL 4G project and other orders.
- Is the net loss improving?
- Loss narrowed sequentially from ₹218 cr in Q4 to ₹202 cr, but widened from ₹194 cr YoY, reflecting ongoing cost pressures.
- What are the main costs hurting profitability?
- Warranty expenses, inventory obsolescence provisions, and elevated finance costs and depreciation remain high.
- How does this quarter fit in the post-BSNL project phase?
- The results reflect a modest recovery after the BSNL project completion, but the company is still in a transition with elevated costs.
- What is the key risk to watch?
- The core challenge is converting the order book into profitable revenue while managing stretched working capital.
- Did the board approve any new initiatives?
- Only the unaudited results were approved; no new initiatives announced.
Tejas Networks Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on TEJASNET →- 27 Jul 2026 · 6:09 PM IST Tejas Networks doubles Q1 revenue, net loss narrows sequentially
- today Tejas Networks gets BSNL 4G order boost to 26,000 sites
- 1d ago Tejas Networks doubles Q1 revenue, lands first overseas 5G deal