Tejas Networks (TEJASNET) investor relations material

Executive summary

• Q1 FY27 revenue reached INR 402 crores, a 21% increase from Q4 FY26, with equal contributions from India and international markets.

• Net loss after tax for the quarter was INR 202.24 crores, improving from INR 211.34 crores in Q4 FY26.

• Order book at quarter-end was INR 1,529 crores, with 93% from India and 7% international.

• Achieved first commercial end-to-end 5G network deployment win in South America and expanded international 5G shipments.

• Filed 46 new patents, bringing the global total to 722.

Financial highlights

• Revenue for Q1 was INR 402 crores, up from INR 333 crores in Q4 FY26 and INR 202 crores in Q1 FY26.

• PAT was negative INR 202 crores, compared to INR 211 crores loss in Q4 FY26.

• Cash and cash equivalents increased to INR 589 crores from INR 505 crores in Q4 FY26.

• Net borrowings at INR 4,277 crores, with gross borrowings at INR 4,866 crores.

• Inventory at INR 2,358 crores, with net receivables at INR 2,232 crores.

Outlook and guidance

• AMC revenues with higher margins are set to begin in the next few quarters and will be recognized over eight years.

• Path to profitability targeted within 12-18 months, with positive EBITDA and EBIT as interim milestones.

• Continued business growth anticipated from both domestic and international markets, especially as AI and 5G/6G adoption accelerates.

• Financial statements prepared in accordance with Ind AS 34 and SEBI regulations, with no material misstatements identified.