Tejas Networks Limited reported a 21% quarter-on-quarter revenue increase to ₹402 crore for Q1 FY27, driven by international 5G radio shipments to Europe and domestic optical sales. The company secured its first commercial end-to-end 5G network deployment win in South America and signed a joint R&D partnership with a global Tier 1 telco. Despite the revenue growth, profit before tax (PBT) widened to a loss of ₹271 crore from ₹281 crore in Q4 FY26, while net borrowings rose to ₹4,277 crore due to working capital pressures.

The financial update was disclosed during the company’s earnings conference call held on July 28, 2026, with the transcript released on August 3, 2026. The disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Anantha Murthy N issued the notification to the National Stock Exchange of India Ltd and BSE Limited.

Financial Performance

Revenue from operations stood at ₹402 crore in Q1 FY27, compared to approximately ₹332 crore in Q4 FY26. The revenue mix was evenly split between domestic and international markets. However, profitability remained under pressure, with PBT at negative ₹271 crore versus negative ₹281 crore in the previous quarter.

Balance sheet metrics showed mixed trends. Inventory reduced from ₹2,438 crore to ₹2,358 crore, reflecting shipment activity. However, net receivables increased significantly from ₹1,905 crore to ₹2,232 crore after customer advance adjustments. Cash reserves improved to ₹589 crore from ₹505 crore. Gross borrowings rose to ₹4,866 crore, resulting in net borrowings of ₹4,277 crore, primarily due to working capital increases and continued capital expenditure.

Strategic Developments

Managing Director Arnob Roy highlighted growing international traction for wireless products. Key wins included supplying 5G massive MIMO radios to a global customer in partnership with NEC and securing an end-to-end 5G deployment contract in South America, which includes baseband units and core technology. The company also filed 46 new patents in Q1, bringing its global patent count to 722, of which 380 have been granted.

Domestically, Tejas Networks continues to expand its share in Tier 1 Indian telco networks for optical and FTTx products. The company supplied 100-gig and 400-gig DWDM equipment for 5G backhaul networks and hyperscaler data center connectivity. Roy noted that the pending BSNL 4G expansion order for 26,000 sites is in the final stages of conclusion, expected to materialize soon.

What the Numbers Show

The divergence between revenue growth and widening PBT losses highlights the capital-intensive nature of Tejas Networks’ current expansion phase. While revenue grew 21% sequentially, the increase in net receivables (₹327 crore) nearly matched the total quarterly revenue, indicating sticky collections or delayed billing cycles, particularly linked to the BSNL project. Management indicated that BSNL receivables should clear as acceptance tests conclude alongside the upcoming expansion order. The reduction in inventory suggests that previous procurements are now being shipped, but the rise in net debt underscores the cash burn associated with scaling operations before profitability is achieved. Management targets positive EBITDA and EBIT within 12–18 months, followed by PAT profitability.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE010J01012/c8c7635d-8c4e-4193-afd0-39cb3ba824a0.pdf

Tejas Networks Limited has published its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements during a meeting held on July 27, 2026, in Bengaluru. The disclosure was made pursuant to Regulation 33 read with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company notified the National Stock Exchange of India Ltd and BSE Limited on July 29, 2026, enclosing newspaper clippings from “Financial Express” and “Vishwavani” - Kannada Edition. These publications confirm the public dissemination of the quarterly data as required by regulatory norms.

Regulatory Compliance

The filing serves as a formal intimation to stock exchanges regarding the availability of the quarterly results. Tejas Networks Limited uploaded the results along with the Limited Review Report on its official website. Investors can access the detailed financial documents via the provided link or by scanning the QR code included in the communication.

Key Details

The announcement does not include specific financial metrics such as revenue or net profit figures in the text provided. The primary purpose of this filing is to confirm the procedural completion of the quarterly reporting cycle for Q1FY26.