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.