Q2 2026 Tejas Networks Ltd Earnings Call Transcript
Key Points
- Tejas Networks Ltd (BOM:540595) reported a 30% quarter-on-quarter revenue growth, reaching INR262 crores in Q2.
- The company successfully launched its new 64T64R massive MIMO radio at the Indian Mobile Congress.
- Tejas Networks Ltd (BOM:540595) completed its first 5G RAN deployment under BSNL's Captive non-Public Network program.
- The company won additional BharatNet Phase 3 orders, becoming the supplier for the largest number of packages.
- Tejas Networks Ltd (BOM:540595) was shortlisted as a finalist for the 2025 NetworkX Awards in Paris for its innovative optical transport use case.
- The company reported a loss of INR307 crores in Q2, which was higher than the loss of INR194 crores in Q1.
- There were significant inventory and warranty-related provisions amounting to INR190 crores, impacting profitability.
- The order book decreased slightly from INR1,241 crores in Q1 to INR1,200 crores in Q2.
- Receivables remain high at INR4,026 crores, with collections linked to BSNL 4G order milestones.
- The company faces ongoing challenges with inventory obsolescence and manufacturing process losses.
Ladies and gentlemen, good day, and welcome to Tejas Networks Earnings Conference Call hosted by Emkay Global Financial Services Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Pranav Kshatriya from Emkay Global Financial Services Limited. Thank you, and over to you, sir.
Good evening. I would like to welcome the management and thank them for this opportunity. We have with us today Mr. Arnob Roy, Executive Director and Chief Operating Officer; Mr. Sumit Dhingra, Chief Financial Officer; Dr.
Kumar N. Sivarajan Chief Technology Officer; and Mr. Sanjay Malik, Chief Strategy and Business Officer. I shall now hand over the call to the management for the opening remarks. Over to you, sir.
Thank you.
Hello. Good evening, everyone, and welcome to Tejas Networks Quarter 2
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