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Business Standard
a day ago
- Business
- Business Standard
Tejas Networks slumps on reporting dismal Q1 PAT
Tejas Networks slipped 5.80% to Rs 658.85 after the company reported a consolidated net loss of Rs 193.87 crore in Q1 FY26, a sharp decline from the net profit of Rs 77.48 crore posted in the same quarter last year. The companys total revenue from operations plunged 86.49% to Rs 201.98 crore in Q1 FY26, down from Rs 1,496.07 crore recorded in the corresponding quarter of the previous year. Pre-tax loss for the quarter stood at Rs 297.35 crore, compared to a profit before tax of Rs 121.55 crore in Q1 FY25. Cash and cash equivalents were at Rs 545 crore in Q1 FY26, down 34.09% quarter-on-quarter from Rs 827 crore in Q4 FY25. During the quarter, the companys order book included Rs 1,241 crore in confirmed orders, along with an expected Rs 1,526 crore order from BSNL for the deployment of approximately 18,700 sites, compared to Rs 1,019 crore in Q4 FY25. Looking ahead to FY26, Tejas Networks highlighted significant expansion of its product portfolio in FY25, which has increased its addressable market. The company now supports 5G over multiple bands and has enhanced its offerings with advanced 5G maMIMO radios. It has also acquired a field-proven 4G/5G Core, expanded its IP/MPLS router family, and enhanced its optical portfolio with 800G/1.2T DWDM systems. Additionally, the FTTx portfolio has been upgraded with new XGSPON products. The global markets for Tejas Networks product segments are projected to grow, with a robust domestic opportunity pipeline that includes large projects in both the private and government sectors. The company has secured several new customers and application wins across these sectors, which are expected to expand in FY26. Strategic partnerships with NEC and Rakuten are anticipated to provide access to global customers and joint go-to-market opportunities. Furthermore, an expanded global sales footprint and early strategic wins are expected to drive strong momentum for growth in international business. 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." Sumit Dhingra, CFO said, "In Q1 FY26 we had a revenue of Rs. 202 Cr and a net loss of Rs. 194 Cr, largely due to lower revenue. We ended the quarter with an order book of Rs. 1,241 Cr, representing a QoQ growth of 22%. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO for supply of RAN equipment worth Rs. 1,526 CRORE Tejas Networks designs and manufactures wireline and wireless networking products, with a focus on technology, innovation, and R&D. TNL carrier-class products are used by telecom service providers, utilities, governments, and defense networks in 75+ countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.
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Business Standard
a day ago
- Business
- Business Standard
Tejas Networks slips 10%, hits 52-wk low on weak Q1; revenue tanks 87% YoY
Tejas Networks share price tanked on the back of weak set of results in the June quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi Tejas Networks share price: Tejas Networks share price was under pressure on Tuesday, July 15, 2025, with the scrip tanking up to 9.97 per cent to hit an intraday low of ₹629.65 per share. At 10:10 AM, Tejas Networks share price was trading 6.40 per cent lower at ₹654.65. In comparison, BSE Sensex was trading 0.16 per cent higher at 82,383.84 levels. Why did Tejas Networks slip in trade today? Tejas Networks share price tanked on the back of weak set of results in the June quarter of financial year 2026 (Q1FY26). The company reported a consolidated loss of Rs ₹193.87 crore in the June quarter of FY26, as against a profit of ₹77.48 crore in the same quarter last year (Q1FY25). The company's revenue from operations nosedived about 87 per cent year-on-year (Y-o-Y) to ₹202 crore in Q1FY26, from ₹1,563 crore Q1FY25. Sumit Dhingra, CFO of Tejas Networks, said, "In Q1FY26 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 Q-o-Q growth of 22 per cent. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO for supply of RAN equipment worth ₹1,526 crore." "In Q1FY26, 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. ALSO READ | About Tejas Networks Tejas Networks, a Tata Group company, is a among the leading Indian telecom and networking solutions provider specialising in the design, development, and manufacturing of advanced wireless (4G/5G) and wireline (optical transmission and switching) products. Known for its strong R&D-driven approach, Tejas holds a top-10 global ranking in optical aggregation and broadband access, with over 520 patents filed to date. With a presence in more than 75 countries, Tejas Networks serves a wide range of clients, including telecom operators, ISPs, utilities, and government and defense agencies. The company focuses on building next-generation, high-capacity, and secure communication networks. Recent collaborations, such as its partnership with Intel to bring Direct-to-Mobile (D2M) capability to laptops, underscore its commitment to innovation and cutting-edge solutions.
Mint
a day ago
- 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
a day ago
- 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.
Time of India
04-07-2025
- Business
- Time of India
Mavenir eyes top spot in telecom AI and software segment in 2-3 years
Mavenir India aims to establish itself as a leader in the artificial intelligence (AI) and software domain for the telecom industry including the enterprise market, according to a senior executive. 'Given our focus to innovate in the AI and software domain for communication service provider's (CSP) and enterprise market, we will take a leadership position in the next 2 to 3 years in this space,' Sanjay Bakaya, Country Head - India & Regional Vice President – India & South Asia, Mavenir told ETTelecom. As the company secures fresh capital, these refined priorities are set to shape how resources are allocated, marking a strategic shift aimed at strengthening market position and delivering measurable impact across its key growth areas, he said. 'This recapitalisation will enhance our ability to manage financial obligations while continuing to invest in our vision.' US-based network infrastructure firm Mavenir along with its existing investor Siris , a private equity firm, recently announced a recapitalisation plan in agreement with Mavenir's lenders. Under the plan, the transaction will eliminate over $1.3 billion in existing debt and secure $300 million in new senior financing, along with a subordinated facility from Siris and participating lenders. When asked if the company would exit the Open RAN business, he said, 'We are not exiting the Open RAN business. We will continue to support existing customers and maintain our hardware IP to keep maximum flexibility in this evolving market. Our continued investment in Open RAN software, alongside our retained hardware IP, ensures that Mavenir remains at the forefront of the Open RAN ecosystem going forward.' 'Mavenir has a significant presence in India. Our Core products are deployed at large scale across all CSP's in India covering IMS/VoLTE, converged packet core, messaging and security solutions besides engagements on Open RAN,' Bakaya said. Mavenir plans to double down on its profitable core segment while recalibrating Open RAN investments to focus on 4G and 5G deployments. The decision to retain all existing IP for radio and hardware whilst moving to a licensing route for O-RAN hardware will enable us to deliver differentiated value through software for both 4G and 5G O-RAN engagements, he said, adding we will continue to work with existing and new customers.
