Quarterly Earnings Results
Tejas Networks Q1 FY27 Results: Revenue Doubles YoY, 5G Momentum Continues Despite Quarterly Loss
NSE
TEJASNET
BSE
540595
Tejas Networks reported strong revenue growth in Q1 FY27, supported by international 5G radio shipments and domestic optical networking products. While the company remained loss-making, it expanded its order book, secured strategic wins, and strengthened its telecom product portfolio.
PRICE-SENSITIVE TRIGGER
Event: Q1 FY27 Financial Results Announcement
Type: Quarterly Earnings Results
Impact: Positive
Immediate Effect: Revenue more than doubled year-on-year, reflecting improving execution and demand across telecom products. However, the company continued to report a quarterly net loss, keeping profitability under pressure despite operational progress.
Metrics:
Key Metrics:
- Revenue: ₹402 crore (+99.0% YoY, +21% QoQ)
- Profit Before Tax (PBT): Loss of ₹271 crore (vs. loss of ₹297 crore YoY)
- Profit After Tax (PAT): Loss of ₹202 crore (vs. loss of ₹194 crore YoY)
- Order Book: ₹1,529 crore
- Gross Debt: ₹4,866 crore
- Cash & Cash Equivalents: ₹589 crore
- Net Debt: ₹4,277 crore
Highlight:
- Revenue nearly doubled year-on-year to ₹402 crore, primarily driven by shipments of 5G radios and optical networking products. Despite this operational improvement, the company remained loss-making with a PAT loss of ₹202 crore.
What Happened ?
Tejas Networks reported Q1 FY27 financial results with a significant improvement in revenue driven by international shipments of 5G radio products and domestic deliveries of 100G/400G optical networking and FTTx products.
The quarter also marked the company’s first commercial win for an end-to-end 5G network deployment in South America, alongside continued demand from telecom operators, utilities and broadband providers across domestic and international markets.
key details
Key Highlights
- Revenue reached ₹402 crore, almost doubling from the corresponding quarter last year.
- International shipments of 5G radios remained a key growth driver.
- Domestic demand was supported by shipments of 100G/400G optical networking and FTTx products.
- Secured its first commercial end-to-end 5G network deployment in South America.
- Supplied GPON OLTs to Tier-1 Indian telecom operators for nationwide broadband rollouts.
- Selected as a vendor for modernization of the communication network of a major power utility.
- Won an expansion order for 100G+ Coherent DWDM equipment from a leading African bandwidth wholesaler.
- Filed 46 new patents during Q1 FY27, taking cumulative global patent filings to 722.
- Closed the quarter with an order book of ₹1,529 crore, providing revenue visibility for future execution.
Note:
- The quarter demonstrated improving commercial execution across telecom infrastructure products, particularly in international 5G deployments and optical networking solutions.
Risk Analysis
Summary:
- Although revenue growth improved significantly, profitability remains under pressure. High debt levels and continued quarterly losses remain key financial risks despite improving order inflows.
Key Risks:
- PAT remained negative despite strong revenue growth.
- Net debt stood at ₹4,277 crore, increasing financial leverage.
- Telecom equipment demand can remain dependent on operator capex cycles.
- Execution risk associated with converting the existing order book into profitable revenue.
Worst Case:
- The business is showing strong operational momentum, but sustained profitability and balance sheet improvement remain critical for long-term financial strength.
Risk Level: High
Company Commentary
- Expand global deployments of end-to-end 5G networking solutions.
- Capitalize on increasing demand for fiber broadband, packet networking and optical transmission products.
- Strengthen relationships with telecom operators, utilities and enterprise customers.
- Continue investing in innovation, reflected by ongoing patent filings.
- Execute the existing order book efficiently while expanding international business opportunities.
Official Exchange Filing: Tejas Networks Limited
