Tejas Networks shares in focus today, July 15 as Q1 revenue plunges 87% YoY to ₹202 crore
Revenue from operations fell significantly to ₹202 crore in Q1 FY26, down nearly 87% year-on-year from ₹1,563 crore in Q1 FY25. The company attributed the poor performance to delayed purchase orders and shipment clearances, particularly from its key customer BSNL.
In terms of profitability metrics, EBIT stood at ₹(232) crore compared to ₹167 crore in Q1 FY25, while profit before tax was ₹(297) crore against ₹122 crore in the year-ago quarter. The company's total revenue mix comprised 81% from India and 19% from international markets.
The company's order book at the end of Q1 was ₹1,241 crore, with an additional order worth approximately ₹1,526 crore expected soon for BSNL's 4G deployment. The company also noted delays in shipments for nearly 18,000 BSNL sites and some inventory issues with other customers.
Tejas highlighted multiple strategic developments during the quarter, including partnerships with Rakuten Symphony and Intel to strengthen its 5G solutions portfolio. It also won BharatNet Phase-III orders for IP routers and supplied GPON equipment for Gujarat's last-mile connectivity project. International business saw new orders from Africa and Europe, alongside critical infrastructure wins in India.
On the operational front, Tejas' inventory increased to ₹2,537 crore, trade receivables stood at ₹4,453 crore, and net working capital rose by ₹432 crore. The company closed the quarter with ₹545 crore in cash and borrowings of ₹3,990 crore.
Investors will watch the stock closely today as the company works to convert its large inventory and pipeline orders into revenues in the coming quarters.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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