Tuesday, 02 January 2024 12:17 GMT

Tejas Networks Falls To Near 3-Year Lows After Third Straight Quarterly Loss


(MENAFN- AsiaNet News)

Shares of Tejas Networks slumped nearly 9% to ₹537.05 after the company reported yet another quarterly loss.

Third Straight Quarterly Loss

The company posted a net loss of ₹307.17 crore for Q2, its third successive quarterly loss. It had reported a net profit of ₹275.18 crore last year. Revenue from operations saw a sharp decline of 90.7%, falling to ₹261.37 crore from ₹2,810.14 crore.

The company also reported an EBITDA loss of ₹293.7 crore, reversing from a positive EBITDA of ₹534.45 crore recorded in the year-ago quarter.

In Q2, India contributed 79% and international markets 21% to total revenue. Revenue was impacted by a delay in receiving the BSNL 4G add-on order worth ₹1,526 crore. Additionally, the company booked provisions of around ₹190 crore for manufacturing losses, warranty, and inventory obsolescence.

“In Q2 FY26 we had a revenue of ₹262 crore, a sequential growth of 30%. We ended the quarter with an order book of ₹1,204 Cr. We had a net loss of ₹307 crore, largely due to lower revenue and provisions due to manufacturing process losses, warranty and inventory obsolescence of around ₹190 crore,” said Sumit Dhingra, CFO.

Retail Bearish

Retail sentiment remained 'bearish' on Stocktwits. It was 'neutral' last week.

Tejas Networks' Sentiment Meter and Message Volumes on October 20, 2025 | Source: Stocktwits

Tejas Networks shares reached their lowest levels since February 2023.

The stock has been under heavy selling pressure this year, declining more than 50%.  

For updates and corrections, email newsroom[at]stocktwits[dot]com. <

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