Tejas Networks gets BSNL 4G order boost to 26,000 sites
Q1 revenue doubles to ₹402 cr as net loss narrows; management expects the expanded BSNL order to close this quarter, offering a path to recovery after a ₹909 cr FY26 loss.
— 2 earlier stories on Tejas Networks Ltd. →What's new
- BSNL 4G expansion order revised to 26,000 sites from 18,000; expected closure in current quarter.
- Q1 FY27 revenue ₹402 cr, nearly double YoY; net loss narrows.
- International 5G wins in Europe and South America; wireline traction.
Why this matters
After a revenue collapse and ₹909 cr loss in FY26, the BSNL order expansion and overseas wins offer a recovery catalyst. But net borrowings of ₹4,277 cr and high receivables keep the balance sheet a risk.
What we're watching
- BSNL order closure timeline and revenue recognition.
- Receivables clearance and debt reduction.
- International 5G revenue ramp in Europe and South America.
The full read
Tejas Networks reported Q1 FY27 revenue of ₹402 crore, nearly double year ago, and a narrower net loss. The bigger news: BSNL's 4G expansion order is now set at 26,000 sites, up from 18,000 earlier, and management expects it to close in the current quarter. That follows the initial 100,000-site rollout completed in FY25, after which the company suffered a ₹909 crore full-year loss in FY26. International 5G wins in Europe and South America and wireline traction offer some offset. But net borrowings of ₹4,277 crore and elevated receivables keep the balance sheet stretched. The order expansion is a near-term catalyst, but given the stretched balance sheet and dependence on a single customer, the company's recovery path remains contingent on closing the BSNL deal and winning more international contracts. That is the test.
Questions answered
- What is the size of the revised BSNL 4G order?
- The order now covers 26,000 sites, up from 18,000 earlier. Management expects it to close in the current quarter.
- How did Tejas perform in Q1 FY27?
- Revenue was ₹402 crore, nearly double year-ago levels, and net loss narrowed. The company reported a net profit of -₹202 crore for the quarter.
- What caused the sharp revenue decline in FY26?
- After completing the initial 100,000-site BSNL 4G rollout in FY25, the business suffered a revenue drop and a full-year loss of ₹909 crore.
- What is the company's debt position?
- Net borrowings stand at ₹4,277 crore with elevated receivables, keeping the balance sheet stretched despite the order pipeline.
Tejas Networks Ltd.
Latest quarter · Jun 2026
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All notes on TEJASNET →- 28 Jul 2026 · 12:20 PM IST Tejas Networks gets BSNL 4G order boost to 26,000 sites
- 1d ago Tejas Networks doubles Q1 revenue, lands first overseas 5G deal
- 1d ago Tejas Networks doubles Q1 revenue, net loss narrows sequentially