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Tejas Networks Posts Rs 197 Crore Q3 Loss as BSNL Order Delay Hits Revenue

Tejas Networks reported a consolidated loss of Rs 196.55 crore for the October-December quarter, marking its second consecutive quarterly loss. The company's revenue from operations plummeted nearly 88% to Rs 306.79 crore, primarily due to a deferred purchase order worth Rs 1,526 crore from state-owned BSNL. Despite the weak performance, the firm highlighted securing multiple contracts for private 5G deployments and a pilot project for the Indian Railways' Kavach system. It also reported a cash balance of Rs 537 crore and holds inventory worth Rs 2,363 crore expected to be shipped in coming months.

Key Points: Tejas Networks Q3 Loss at Rs 197 Cr, Revenue Drops 88%

  • Rs 196.55 crore Q3 loss
  • Revenue plunges 88% to Rs 307 crore
  • BSNL order deferment hits sales
  • Holds Rs 2,363 crore inventory
  • Secures private 5G deployment wins
2 min read

Tejas Networks clocks Rs 196.55 crore loss in Q3, revenue drops nearly 88 pc

Tejas Networks reports a consolidated loss of Rs 196.55 crore in Q3 FY25 as revenue plunges nearly 88% due to deferred BSNL order.

"a purchase order worth Rs 1,526 crore from BSNL for 18,000 sites was deferred - Company Filing"

Mumbai, Jan 10

Domestic telecom equipment maker Tejas Networks has reported a consolidated loss of Rs 196.55 crore for the October-December quarter.

This marked its second straight quarterly loss, mainly due to weak sales and a delay in orders from state-owned BSNL, according to its stock exchange filing.

The company had posted a profit of Rs 165.67 crore in the same quarter last financial year.

Its consolidated revenue from operations fell sharply by nearly 88 per cent to Rs 306.79 crore in the December quarter, compared with around Rs 2,642 crore a year ago, it said in its filing.

Tejas Networks is a key supplier for BSNL's 4G network rollout as part of the C-DOT-TCS consortium and says it is the largest supplier of network routers.

However, during the quarter, a purchase order worth Rs 1,526 crore from BSNL for 18,000 sites was deferred, which hit the company's revenue performance.

During the reported quarter, around 85 per cent of the company's revenue mix, excluding operating revenue, came from the domestic market, while the remaining 15 per cent was contributed by international markets.

The company said it is holding inventory worth Rs 2,363 crore as of the December 2025 quarter.

This inventory is expected to be converted into finished goods and shipped over the coming months.

For the nine-month period ended December 31, Tejas Networks reported a total loss of Rs 697.55 crore.

Its revenue from operations during this period declined by 89 per cent to Rs 793.69 crore.

The company reported a cash balance of Rs 537 crore in the December 2025 quarter, as per its filing.

Despite the weak financial performance, Tejas Networks said it has secured multiple wins for private 5G deployments in India, especially for use in ports and mines.

It has also been selected as the 5G radio network supplier for a section of the Delhi-Mumbai railway corridor under an Indian Railways pilot project for the Kavach safety system.

During the quarter, the company also received Rs 84.95 crore as incentives under the production-linked incentive scheme for the March 2025 quarter.

This took the total incentive received by Tejas Networks under the scheme to Rs 397 crore.

- IANS

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Reader Comments

P
Priyanka N
The silver lining is the 5G wins for ports, mines, and the railway corridor. That's the future. They need to diversify away from just BSNL and focus on these new enterprise and infrastructure projects. The PLI incentives are a good support from the government.
A
Aman W
Rs 2,363 crore in inventory! That's a massive amount of capital just sitting. Hope the management has a clear plan to convert it quickly. Cash balance of Rs 537 crore gives some breathing room, but they can't afford many more quarters like this.
S
Sarah B
From a profit of 165 crore to a loss of 196 crore in a year... that's a brutal swing. It highlights the volatility in the telecom equipment sector. Investors must be very worried. The deferred BSNL order worth 1526 crore is the real killer here.
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Karthik V
We need to support Indian companies like Tejas, but they also need to get their act together. Being a "key supplier" is not enough if one delayed order cripples you. They should have been more proactive in securing other contracts. A bit of respectful criticism here.
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Nikhil C
The focus on private 5G for specific industrial use cases (ports, mines, railways) is smart. That's where the real application and revenue in 5G will be, not just consumer mobile. If they execute well on these pilots, the future could be bright. Fingers crossed! 🤞

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