Tejas Networks (TEJASNET) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 revenue reached INR 307 crores, up 17% sequentially, driven by wireline product sales to Indian private operators and international customers.

• Profit after tax was negative INR 197 crores, an improvement from INR 307 crores negative in Q2 FY26.

• Order book increased to INR 1,329 crores, with 90% from Indian customers.

• Multiple wireless product trials and commercial negotiations are ongoing in India and international markets.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board on January 9, 2026.

Financial highlights

• Revenue grew to INR 307 crores from INR 262 crores in Q2 FY26, a 17% increase.

• EBIT loss improved to INR 239 crores negative from INR 394 crores negative sequentially.

• Net debt reduced to INR 3,349 crores from INR 3,738 crores, mainly due to lower working capital.

• Inventory remained high at INR 2,363 crores; trade receivables decreased to INR 3,284 crores.

• Expenses included a one-time provision of INR 9.85 crores for new labor codes and INR 24.35 crores for warranty expenses.

Outlook and guidance

• Long-term outlook remains positive, with strong drivers from technology transitions and AI-driven data growth.

• Expansion of 4G and new 5G deployments in emerging markets expected to drive future growth.

• Increasing traction for new products in both India and international markets.

• No specific quarter-to-quarter profitability guidance provided.