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 in Q2FY26.

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

• Multiple wireless product trials are ongoing in India and internationally, with several at the commercial negotiation stage.

• 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 17% quarter-over-quarter to INR 307 crores.

• Profit after tax was negative INR 197 crores.

• 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.

• Trade receivables decreased to INR 3,284 crores from INR 4,026 crores.

Outlook and guidance

• Long-term outlook remains positive, with strong drivers from technology transitions and data growth, especially from AI and 5G deployments.

• International business expected to scale as wireless products gain traction in Europe, Latin America, and Africa.

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

• No quarter-to-quarter profitability guidance provided.

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