Tejas Networks posts ₹196 crore loss in Q3 FY26

Domestic telecom gear maker Tejas Networks on Friday (January 9) reported ₹196.55 crore consolidated loss for the second straight quarter in the October-December period, mainly due to lower sales, including deferment of purchase orders from state-owned BSNL.

The company had posted a profit of ₹165.67 crore a year ago. Its consolidated revenue from operations plunged by about 88% to ₹306.79 crore during the reported quarter from about ₹2,642 crore in the December 2024 quarter.

The company has been a key vendor for state-owned BSNL’s 4G network as part of the CDOT-TCS consortium and claims to be the biggest supplier of network routers.

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During the quarter, its purchase order worth ₹1,526 crore from BSNL for 18,000 sites was delayed. Around 85% of Tejas Networks’ revenue mix, excluding operating revenue, was from the domestic market and 15% from the international market during the reported quarter.

The company said it has maintained an inventory of ₹2,363 crore in the December 2025 quarter, which will be converted to finished goods and shipped in the upcoming months.

Tejas Networks has recorded a loss of ₹697.55 crore in the nine-month period ended December 31, and a 89% decline in revenue from operations at ₹793.69 crore. It has reported cash of ₹537 crore in the December 2025 quarter.

The company claims to have multiple wins for private 5G deployments in India for applications in ports and mines, and it has been selected as the 5G radio network supplier on a section of the Delhi-Mumbai railway corridor for an Indian Railways’ Kavach pilot.

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The company also received ₹84.95 crore as PLI incentives for the March 2025 quarter during the reported quarter, thereby taking the total incentive received by the company under the scheme to ₹397 crore.