Tejas Networks (TEJASNET) investor relations material

Executive summary

• Q4 FY26 revenue reached INR 333 crores, up 8% sequentially; full-year consolidated revenue was INR 1,906.94 crores, with 88% from India and 12% international markets.

• Net loss for Q4 was INR 211 crores; full-year consolidated net loss was INR 908.89 crores.

• Order book at year-end stood at INR 1,514 crores, up 49% YoY, with major wins in 5G Massive MIMO, BharatNet Phase III, and hyperscaler DCI deployments.

• Year marked by consolidation, major product launches, international expansion in wireless, and leadership changes.

• The group’s only reportable segment is telecom and data networking related products and services.

Financial highlights

• EBIT for Q4 was -INR 219 crores; full-year EBIT was -INR 1,085 crores.

• Inventory at quarter-end was INR 2,438 crores; receivables INR 3,258 crores; payables INR 478 crores; net working capital at INR 4,138 crores.

• Cash and cash equivalents at year-end stood at INR 102.68 crores; net debt was INR 3,531 crores; gross borrowings totaled INR 4,035 crores.

• Cost of materials consumed for FY26 was INR 1,316.46 crores, with a provision for inventory obsolescence/write-down of INR 170.39 crores.

• Expenses included a provision for warranty expenses of INR 108.09 crores for FY26.

Outlook and guidance

• Management expects improved financial results in FY27, driven by current investments and a positive business outlook.

• Positioned for long-term growth driven by AI workloads, data center demand, and global 5G/6G rollouts.

• Product roadmap targets high-capacity optical, AI-enabled edge, and converged access solutions.

• No quantitative revenue or margin guidance provided, but profitability is a stated goal.

• Financial statements prepared on a going concern basis, with no material uncertainties noted.