Tejas Networks Ltd (NSE:TEJASNET)

Q3 2026 Tejas Networks Ltd Earnings Call Transcript

Jan 09, 2026 / 01:45PM GMT

Release Date Price: ₹417.15 (-5.56%)

Transcript

Key Points

Positve

Tejas Networks Ltd (BOM:540595) reported a 17% increase in revenue for Q3 FY26, reaching INR307 crores compared to the previous quarter.
The company has a strong order book of INR1,329 crores, predominantly from Indian customers.
Tejas Networks Ltd has been selected as an IGAM supplier for a pilot project on the Delhi Mumbai railway corridor, enhancing railway safety.
The company won multiple packages for Bharatnet, becoming one of the largest suppliers of IBM pillars routers.
Tejas Networks Ltd received INR85 crores as PLI incentives for Q4, with a cumulative total of INR397 crores in PLI incentives.

Negative

The company continues to report significant losses, with a negative EBIT of INR239 crores for the quarter.
There is a delay in the receipt of the BSNL 4G add-on purchase order, affecting revenue expectations.
Tejas Networks Ltd's inventory levels remain high, primarily due to procurement for the delayed BSNL 4G order.
The company faces a long working capital cycle, particularly with government projects like BSNL.
There is uncertainty regarding the timeline for achieving profitability, with continued investments in R&D and international expansion.

Operator

Ladies and gentlemen, good day and welcome to the Tejas Networks Limited Q3 FY26 earnings conference call hosted by ICICI Securities. (Operator Instructions). I now hand the conference over to Mr. Mohit Mishra from ICICI Securities. Thank you and over to you, sir.

Mohit Mishra

ICICI Securities - Analyst

Thank you, [Sava]. Good evening, everyone. Thank you for joining on the Q3 FY26 results conference call of Tejas Networks Limited. We have the management of Tejas Networks on this call, represented by Mr. Arnob Roy, Executive Director and CEO; Mr. Sumit Dhingra, CFO Dr. Kumar Sivarajan, CTO; and Mr. Sanjay Malik, Chief Strategy and Business Officer. I would like to invite Mr. Arnob Roy to initiate with opening remarks post which we will have a Q&A session. Thank you and over to you, sir.

Arnob Roy

Tejas Networks Ltd - Chief Executive Officer, Chief Operating Officer, Executive Director

Thank you. Welcome everyone to our quarterly earnings call. In Q3 we had a revenue of INR307 crores, and the quarter was,

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