Tejas Networks Ltd

📈 Tejas Networks Q3 FY26: Order Book Grows to ₹1,329 Cr, Revenue Up 17% QoQ

- Order book rose to ₹1,329 Cr in Q3 FY26, up from ₹1,204 Cr last quarter.

- Revenue grew 17% QoQ to ₹307 Cr (₹262 Cr in Q2), driven by wireline products (85% India, 15% international).

- Negative PAT of ₹197 Cr; EBIT improved to -₹239 Cr vs -₹394 Cr last quarter.

- Won BharatNet packages (IP/MPLS routers) and private telco orders (WDM/GPON).

- Expanding globally with engagements in Europe, Latin America, Africa, and partnerships with NEC/Rakuten.

- Exploring new tech: private 5G for ports/mines and sovereign data center networking (first win).

- High inventory at ₹2,363 Cr (prepping for BSNL 4G order); receivables fell to ₹3,284 Cr (₹4,026 Cr).

- Filed 26 patents (total 613 filed, 370 granted); received ₹85 Cr PLI incentives (₹397 Cr for FY25).

- Management optimistic on long-term growth (AI, 4G/5G expansion in emerging markets).

- BSNL 4G add-on order delay impacted finances but expected soon.