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Mint
15-07-2025
- Business
- Mint
Tejas Networks share price crashes 10% to 26-month low after company reports net loss in Q1
Tejas Networks, a Tata Group-backed company, saw its shares crash 10% in Tuesday's trading session (July 15), immediately after the opening bell, hitting a new 26-month low of ₹ 627.45 apiece. The sharp fall came after the company's June quarter results disappointed the Street, with the firm reporting a net loss due to weaker revenue. The company, which announced its Q1 results post-market hours on Monday, reported a net loss of ₹ 194 crore compared to a net profit of ₹ 77 crore in the same period last year. The losses also widened compared to the previous March quarter, when the company reported a net loss of ₹ 72 crore Revenue from operations plunged 87% year-on-year to ₹ 202 crore in Q1, primarily due to delays in the receipt of purchase orders, inventory arrival, and shipment clearances for a few customers, as per the company's regulatory filing. On the operating front, the company reported an EBITDA loss of ₹ 136 crore, compared to ₹ 230 crore in Q1 FY25. Although the company posted a weak set of numbers, it secured fresh orders for routers under BharatNet Phase 3 and optical equipment while also signing strategic partnerships, closing the quarter with an order book of ₹ 1241 crore. Mr. Arnob Roy, COO of Tejas Networks, said, 'In Q1 FY26, we signed strategic partnerships with Rakuten Symphony for developing O-RAN solutions and with Intel and some mobile phone manufacturers for adopting our D2M chipsets. These partnerships enhance our go-to-market initiatives in international markets. We won orders for our routers for BharatNet Phase 3 and optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL.' Mr. Sumit Dhingra, CFO, added, "In Q1 FY26, we had a revenue of ₹ 202 crore and a net loss of ₹ 194 crore, largely due to lower revenue. We ended the quarter with an order book of ₹ 1,241 crore, representing a QoQ growth of 22%. With the award of the expansion order of 18,685 BSNL 4G sites to TCS, we expect to receive the corresponding PO for the supply of RAN equipment worth ₹ 1,526 crore." With today's crash, the stock has declined 56% from its all-time high of ₹ 1,495, recorded in June 2024. Although the stock has more than halved, it is still trading with a 1,065% gain over the past five years. Tejas Networks is part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) as its majority shareholder. The company designs and manufactures high-performance wireline and wireless networking products for telecom service providers, internet service providers, utilities, defense, and government entities in over 75 countries. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
15-07-2025
- Business
- Time of India
Tejas Networks shares in focus as co swings to Rs 194 cr loss in Q1 from year-ago profit
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tejas Networks are likely to remain in focus on Tuesday, July 15, after the company reported a net loss of Rs 194 crore for the first quarter of FY26, marking a sharp reversal from a profit after tax (PAT) of Rs 77 crore in the same quarter last company's revenue for Q1FY26 stood at Rs 202 crore, a sharp 87% YoY decline from Rs 1,563 crore reported in Q1FY25. For the full year FY25, revenue was Rs 8,923 the profitability front, Tejas Networks reported a pre-tax loss of Rs 297 crore for the June quarter, compared to a pre-tax profit (PBT) of Rs 122 crore in the corresponding period of the previous fiscal.'In Q1 FY26, we signed strategic partnerships with Rakuten Symphony for developing O-RAN solutions, and with Intel and some mobile phone manufacturers for adopting our D2M chipsets. These partnerships enhance our go-to-market initiatives in international markets. We won orders for our routers for BharatNet Phase 3 and optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL,' said Arnob Roy, COO of Tejas Networks share price historyShares of Tejas Networks have declined 50.46% over the past year. Year-to-date (YTD), the stock is down 40.75%. Over the last six months, it has fallen 33.82%, while the three-month decline stands at 16.40%. Over the past month, the stock has declined by 0.79%.On Monday, Tejas Networks shares closed 0.8% higher at Rs 699.40 on BSE.
Channel Post MEA
03-07-2025
- Business
- Channel Post MEA
Rakuten Symphony Appoints IDEAL As VAD for Middle East And Africa
Rakuten Symphony has announced that IDEAL Software Design (IDEAL), the leading UAE-based AI Value-Added Distributor, has been appointed as a value-added distributor for the Middle East and Africa (MEA) region. IDEAL will deliver the Rakuten Cloud portfolio of products, including Rakuten Cloud-Native Platform, Cloud-Native Orchestrator, and Cloud-Native Storage solutions, to resellers and end customers, with a primary focus on the UAE, Saudi Arabia and Qatar. Rakuten Symphony and IDEAL have partnered to address the MEA region's burgeoning demand for managing distributed AI workload deployments at an affordable cost, while delivering locally managed and owned cloud-based operations. The partnership will support the expansion of the Rakuten Cloud portfolio into key markets and verticals in the MEA region. IDEAL will drive business development, implementation, and Level-1 and Level-2 support for the Rakuten Cloud portfolio, focusing on government and private cloud projects where data sovereignty is paramount. IDEAL's expertise will help organizations in the region safely modernize their data infrastructure and applications. The collaboration will support enterprises in the region with opportunities in edge computing, enabling stateful applications for modern use cases across retail, manufacturing, utilities, education, financial services, and logistics. Udai Kanukolanu, Global Head of Sales, Rakuten Symphony, said, 'Rakuten Symphony is pleased to announce IDEAL Software Design as a value-added distributor for the Middle East and Africa. This partnership underscores Rakuten Symphony's commitment to empowering organizations in the region with secure, cloud-native solutions that address the unique challenges of data sovereignty and digital transformation.' Ivor Rankin, General Manager, IDEAL Software Design, said, 'We are proud to partner with Rakuten Symphony to bring its cloud portfolio to the Middle East and Africa region. IDEAL Software Design is committed to supporting customers in the region with modernizing their data infrastructure and applications. Together, we will deliver next-generation solutions that enable digital transformation across key industries.' Anirban (Oni) Chakravartti, SVP, Head of Sales for Enterprise, Cloud Business Unit, Rakuten Symphony, said, 'Rakuten Symphony's partnership with IDEAL Software Design is a significant step in strengthening our market presence in the Middle East and Africa region. As a leading regional value-added distributor, IDEAL is well positioned to elevate Rakuten Symphony's go-to-market strategy and enhance our channel coverage. Rakuten Symphony is committed to a mutually beneficial partnership that aims to deliver exceptional value-added services to IDEAL's resellers through the Rakuten Cloud portfolio.'
Tahawul Tech
03-07-2025
- Business
- Tahawul Tech
Rakuten Symphony finds the ‘IDEAL' value-added distributor for MEA expansion
Rakuten Symphony, Inc. recently announced that IDEAL Software Design, has been appointed as their value-added distributor for the Middle East and Africa (MEA) region. IDEAL will deliver the Rakuten Cloud portfolio of products, including Rakuten Cloud-Native Platform, Cloud-Native Orchestrator, and Cloud-Native Storage solutions, to resellers and end customers, with a primary focus on the UAE, Saudi Arabia and Qatar. Rakuten Symphony and IDEAL have partnered to address the MEA region's burgeoning demand for managing distributed AI workload deployments at an affordable cost, while delivering locally managed and owned cloud-based operations. The partnership will support the expansion of the Rakuten Cloud portfolio into key markets and verticals in the MEA region. IDEAL will drive business development, implementation, and Level-1 and Level-2 support for the Rakuten Cloud portfolio, focusing on government and private cloud projects where data sovereignty is paramount. IDEAL's expertise will help organisations in the region safely modernise their data infrastructure and applications. The collaboration will support enterprises in the region with opportunities in edge computing, enabling stateful applications for modern use cases across retail, manufacturing, utilities, education, financial services, and logistics. Udai Kanukolanu, Global Head of Sales, Rakuten Symphony, said, 'Rakuten Symphony is pleased to announce IDEAL Software Design as a value-added distributor for the Middle East and Africa. This partnership underscores Rakuten Symphony's commitment to empowering organisations in the region with secure, cloud-native solutions that address the unique challenges of data sovereignty and digital transformation'. Ivor Rankin, General Manager, IDEAL Software Design, said, 'We are proud to partner with Rakuten Symphony to bring its cloud portfolio to the Middle East and Africa region. IDEAL Software Design is committed to supporting customers in the region with modernising their data infrastructure and applications. Together, we will deliver next-generation solutions that enable digital transformation across key industries'. Anirban (Oni) Chakravartti, SVP, Head of Sales for Enterprise, Cloud Business Unit, Rakuten Symphony, said, 'Rakuten Symphony's partnership with IDEAL Software Design is a significant step in strengthening our market presence in the Middle East and Africa region. As a leading regional value-added distributor, IDEAL is well positioned to elevate Rakuten Symphony's go-to-market strategy and enhance our channel coverage. Rakuten Symphony is committed to a mutually beneficial partnership that aims to deliver exceptional value-added services to IDEAL's resellers through the Rakuten Cloud portfolio'. For more information about Rakuten Cloud offerings, visit: Image Credit: Rakuten Cloud & IDEAL Software Design
The Wire
26-06-2025
- Business
- The Wire
Rakuten Symphony and Tejas Networks announce partnership to drive Global Expansion through Interoperable 5G Solutions
TOKYO and BENGALURU, India, June 26, 2025 /PRNewswire/ -- Rakuten Symphony and Tejas Networks, a Tata Group company, today announced a multi-faceted strategic partnership to develop integrated Open RAN solutions and engage in joint go-to-market efforts, both in India and internationally. The companies will collaborate to integrate Rakuten Symphony's CU and DU software, OSS, and cloud portfolio with Tejas's extensive, proven 4G/5G radio portfolio and explore opportunities for the deployment and expansion of 4G and 5G networks worldwide, including in India, leveraging commercial and technical synergies, as well as collaborative engagement strategies. Sharad Sriwastawa, President, Rakuten Symphony, said, "Rakuten Symphony is excited to partner with Tejas Networks, a company that shares our vision of increasing interoperability and openness in telecom. By combining Rakuten Symphony's cloud-native software and orchestration capabilities with Tejas Networks' proven radio technology, we hope to deliver open, flexible and high-performing network solutions that meet the demands of today's rapidly evolving telecom landscape." Kumar N. Sivarajan, CTO and Co-founder, Tejas Networks, said, "Through this partnership with Rakuten Symphony, we intend to combine our field-proven RAN infrastructure solutions with Rakuten's resilient cloud native RAN software stack and orchestration solution, to provide a compelling solution to the global market." Rakuten Symphony, through its collaboration with Rakuten Mobile who applies achievements obtained from key research and development projects subsidized by the NEDO (New Energy and Industrial Technology Development Organization) program*1, remains committed to leading Open RAN innovation, and the development of automated network quality assurance systems and edge cloud capabilities for next-generation communication networks of the future. Read more here about Rakuten Symphony and Rakuten Mobile's participation in government sponsored research and development initiatives to explore modernization of mobile networks and diversification of supply chain vendor ecosystems. Notes *1 "Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems (JPNP20017)", subsidized by the New Energy and Industrial Technology Development Organization (NEDO). [Link] About Tejas Networks Limited Tejas Networks Ltd. designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder. For more information, please visit: About Rakuten Symphony Rakuten Symphony is reimagining telecom, changing supply chain norms and disrupting outmoded thinking that threatens the industry's pursuit of rapid innovation and growth. Based on proven modern infrastructure practices, its open interface platforms make it possible to launch and operate advanced mobile services in a fraction of the time and cost of conventional approaches, with no compromise to network quality or security. Rakuten Symphony has operations in Japan, the United States, Singapore, India, Europe and the Middle East Africa region. For more information, visit: https: Photo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
