Tejas Networks Limited released its Q3FY26 earnings presentation, showing sequential revenue growth amid ongoing business expansion across wireless and wireline segments. The telecommunications equipment manufacturer reported improved quarterly performance while maintaining a strong order book position.

Financial Performance

The company's financial metrics for Q3FY26 demonstrated quarter-on-quarter improvement across key parameters:

Revenue from sales and services reached ₹306.00 crores in Q3FY26, with other operating revenue contributing ₹0.00 crores. The quarter's revenue was primarily driven by wireline product sales to India private sector and international customers.

Revenue and Order Book Composition

The company's revenue mix for Q3FY26 showed strong domestic focus, with India contributing 85% and international markets accounting for 15% of total revenue. The closing order book composition reflected an even stronger domestic presence, with India representing 92% and international markets comprising 8% of total orders.

Balance Sheet Indicators

Key balance sheet metrics showed improvement in working capital management:

The company reduced net debt by ₹389 crores primarily due to lower working capital requirements, partially offset by capital expenditure.

Business Developments

The wireless business segment showed increased international engagement with multiple ongoing proof-of-concepts and commercial negotiations for 4G/5G RAN equipment. Notable achievements included selection as 5G RAN supplier for a Delhi-Mumbai railway corridor Kavach pilot and multiple private 5G deployment wins in Indian ports and mining applications.

In the wireline segment, the company secured additional Bharatnet packages, becoming the largest supplier of IP/MPLS routers for Bharatnet Phase-III by package count, winning 7 out of 12 packages announced. The company also received expansion orders for DWDM and GPON OLT equipment from leading private Indian telcos.

Recognition and Innovation

The company's TJ1400 UCB product received the Excellence Award for Most Innovative Product/Service (Global) at the Telecom Review Leaders' Summit in Dubai during December 2025. Tejas Networks filed 26 patents in Q3FY26, bringing its cumulative global patent filings to 613, with 370 patents granted.

The company received ₹84.95 crores as PLI incentives for Q4FY25, with cumulative PLI incentives of ₹397.00 crores received for FY25. Management expressed optimism about long-term prospects, citing AI-driven traffic growth, 4G/5G expansion in emerging markets, and increasing adoption of wireless and wireline products across India and international markets.

Tejas Networks has reported a significant improvement in its third quarter EBITDA performance, demonstrating enhanced operational efficiency and better cost management. The telecommunications equipment manufacturer successfully reduced its EBITDA losses substantially during the quarter, marking a notable turnaround in its financial metrics.

Q3 EBITDA Performance Analysis

The company's EBITDA performance showed remarkable improvement during the third quarter. The following table highlights the key financial metrics:

Operational Efficiency Enhancement

The substantial reduction in EBITDA losses from ₹3.70 crores to ₹1.30 crores represents a significant milestone for Tejas Networks. This improvement of ₹2.40 crores in absolute terms demonstrates the company's enhanced operational leverage and effective cost optimization strategies. The 64.86% improvement in EBITDA performance indicates better resource utilization and improved business efficiency.

Financial Health Indicators

The narrowing of EBITDA losses reflects positive momentum in the company's core operations. This improvement suggests that Tejas Networks has been successful in managing its operational expenses while maintaining its business activities. The enhanced EBITDA performance provides a foundation for improved financial stability and operational sustainability.

Market Position Strengthening

The significant improvement in EBITDA metrics positions Tejas Networks favorably within the telecommunications equipment sector. The company's ability to reduce losses substantially while maintaining operations demonstrates resilience and effective management execution. This performance enhancement could contribute to strengthened market confidence and improved business prospects going forward.