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Tejas Networks share price cracks 10% on Q1FY26 loss amid revenue slump

  • Tejas Networks reported a 10% drop in share price following a loss in Q1FY26, compared to a profit of ₹77.48 crore in the same period last year.
  • The company's consolidated revenue decreased by 87%, amounting to ₹201.98 crore in the reviewed quarter, down from ₹1,562.8 crore in the corresponding quarter of June 2024.
  • Tejas Networks attributed its revenue shortfall to delays in receiving purchase orders, including an expansion order from BSNL. The company secured orders for routers for Bharatnet Phase 3 and optical equipment from private operators in India.
  • Tejas Networks' CFO mentioned that the net loss was a result of lower revenue. The company anticipates significant orders in the future, including an expansion order from BSNL worth ₹1,526 crore. The stock price dropped by nearly 10% in early trading, hitting a low of ₹629.65 on the BSE.

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