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2d ago

Tejas Networks Logs Rs 194 Crore Q1 Loss, Shares Fall 10% to 52-Week Low

The telecom gear maker aims to rebuild its pipeline through a Rs 1,526 crore TCS-mediated BSNL 4G contract, backed by global technology partnerships.

Tejas Networks Share Price
Tejas Networks shares tumble 10% after Q1 loss; key details

Overview

  • Tejas Networks reported a net loss of Rs 194 crore in Q1FY26, reversing a Rs 77 crore profit a year earlier.
  • Operating revenue plunged 87% year on year to Rs 202 crore in the June quarter.
  • Shares touched a 52-week low of Rs 629.65 after the stock slid over 10% following the earnings release.
  • Tata Consultancy Services secured an advance purchase order worth around Rs 1,526 crore for 18,685 additional BSNL 4G sites for Tejas Networks.
  • Strategic alliances with Rakuten Symphony, Intel, Lava and HMD India will develop 5G Open RAN solutions and integrate Tejas’s SL-3000 D2M chipsets into laptops and mobile phones.