Domestic telecom equipment manufacturer Tejas Networks reported a consolidated loss of ₹196.55 crore for the October-December quarter, marking its second consecutive quarterly loss. The significant decline was primarily attributed to reduced sales and deferred purchase orders from state-owned Bharat Sanchar Nigam Limited (BSNL).

Financial Performance Overview

The company's financial metrics showed substantial year-over-year deterioration during the reported quarter:

Revenue Composition and Market Presence

Tejas Networks serves as a key vendor for BSNL's 4G network deployment as part of the CDOT-TCS consortium and positions itself as the largest supplier of network routers in India. During the quarter, the company's revenue mix demonstrated strong domestic focus, with 85% coming from the domestic market and 15% from international operations.

A significant factor impacting quarterly performance was the delay of purchase orders worth ₹1,526 crore from BSNL for 18,000 sites. The company maintains substantial inventory valued at ₹2,363 crore as of December 2025, which management expects to convert to finished goods and ship in upcoming months.

Nine-Month Performance and Government Incentives

For the nine-month period ending December 31, Tejas Networks recorded:

The company received ₹84.95 crore as Production Linked Incentive (PLI) benefits during the reported quarter, bringing total PLI incentives received under the scheme to ₹397 crore.

Strategic Developments and Future Contracts

Despite financial challenges, Tejas Networks secured multiple contracts in emerging technology segments:

• Private 5G Deployments: Multiple wins for applications in ports and mining operations across India
• Railway Infrastructure: Selection as 5G radio network supplier for Delhi-Mumbai railway corridor section under Indian Railways' Kavach pilot project
• Technology Portfolio: Continued focus on network infrastructure solutions for both traditional and next-generation applications

The company's strategic positioning in critical infrastructure projects and substantial inventory levels indicate preparation for future order fulfillment, while government PLI support provides additional financial backing for operations.

Tejas Networks Limited has announced the availability of its Q3 FY26 earnings call audio recording following the completion of its quarterly investor interaction. The telecommunications equipment manufacturer conducted its earnings call on January 9, 2026, and has now made the complete audio recording accessible to stakeholders and investors.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

Access Information for Stakeholders

Investors and other interested parties can access the complete audio recording through the company's official website. The recording has been placed in the dedicated financial results and earnings call section, ensuring easy navigation for users seeking quarterly performance insights.

Website Access Details

The audio recording is available at the company's financial results page, providing stakeholders with comprehensive access to management discussions and investor interactions from the Q3 FY26 earnings call.

Corporate Communication

The disclosure was signed by Anantha Murthy N, Company Secretary and Compliance Officer, ensuring proper authorization and compliance with corporate governance standards. The communication was formally submitted to both major stock exchanges where the company's shares are listed.

This initiative demonstrates the company's commitment to maintaining transparency with its investor community and ensuring all stakeholders have access to important financial communications and management insights from the quarterly earnings discussion.