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.

Tejas Networks reported a 99% year-on-year surge in standalone revenue for Q1FY27 to ₹401.95 crore, driven by international 5G radio shipments and domestic optical product deliveries. Despite the robust top-line growth, the company’s standalone net loss widened to ₹202.24 crore from ₹193.91 crore in Q1FY26. The deterioration in the bottom line was primarily due to high fixed costs, including finance expenses of ₹85.04 crore and depreciation charges of ₹94.35 crore, which outweighed the improvement in operating margins. The Board of Directors approved the unaudited financial results on July 27, 2026.

Financial Performance Overview

The Board of Directors approved the unaudited financial results on July 27, 2026. Consolidated revenue stood at ₹402.16 crore, compared to ₹201.98 crore in Q1FY26. While top-line growth was robust, the bottom line deteriorated due to high fixed costs and finance expenses. The pre-tax loss deepened to ₹270.81 crore from ₹297.35 crore year-ago, aided by a deferred tax benefit of ₹68.57 crore, resulting in a net loss after tax of ₹202.24 crore.

Operational Efficiency and Cost Structure

A key positive indicator was the significant narrowing of the operating loss. The EBITDA loss improved to ₹93.11 crore in Q1FY27 from ₹190.68 crore in Q1FY26, suggesting better gross margins or cost containment at the operating level. However, this improvement was eroded by high fixed costs. Finance costs totaled ₹85.04 crore, up from ₹74.69 crore year-ago. Depreciation and amortization expenses were ₹94.35 crore. Employee benefit expenses rose to ₹101.06 crore from ₹92.75 crore. Other expenses included a provision for warranty expenses amounting to ₹35.11 crore.

Strategic Wins and Balance Sheet Position

Arnob Roy, Managing Director and CEO, highlighted that revenues were driven by international 5G radio shipments and domestic optical products. The company registered its first commercial win for an end-to-end 5G network deployment in South America. Other key developments included supplying GPON OLTs to Tier-1 Indian telcos, selection as a vendor for a large power utility’s communication network modernization, and winning an expansion order for 100G+ Coherent DWDM equipment from a leading bandwidth wholesaler in Africa.

AVS Prasad, CFO, stated the company ended the quarter with an order book of ₹1,529 crore. On the balance sheet, gross debt stood at ₹4,866 crore, while cash and equivalents were ₹589 crore, resulting in a net debt of ₹4,277 crore.

What the Numbers Show

The divergence between top-line growth and bottom-line performance highlights the capital-intensive nature of Tejas Networks’ current business model. While revenue nearly doubled, indicating strong demand acceleration, the company continues to bleed cash at the net level. The narrowing EBITDA loss is a critical signal of operational leverage kicking in, but it is currently insufficient to cover the substantial interest burden and depreciation charges. The growing order book of ₹1,529 crore provides visibility into future revenue streams, but investors should monitor whether the improving operating margin can eventually offset the high finance costs to drive profitability.

Regulatory Compliance

The financial statements were prepared in accordance with Ind AS 34 "Interim Financial Reporting" and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Price Waterhouse Chartered Accountants LLP served as the statutory auditor, issuing a limited review report stating that nothing came to their attention to suggest material misstatement. The Audit Committee reviewed and recommended the results before final approval by the Board.