Tejas Networks Shares Plunge 11% on Q1 Loss and Revenue Drop

orks' share price tumbled as much as 11% to Rs 627 on Tuesday before recovering slightly to trade over 5% lower, following a dismal Q1 FY26 performance. The company reported a consolidated net loss of Rs 193.9 crore for the June quarter, a sharp reversal from a Rs 77.5 crore profit in Q1 FY25. The sell-off was triggered by an 87% year-on-year revenue plunge to Rs 211 crore from Rs 1,563 crore, primarily due to delayed purchase orders and shipment clearances, particularly tied to the BSNL 4G rollout. Sequentially, revenue dropped 89%, while the company posted an EBITDA loss of Rs 126.6 crore, with margins collapsing to -60% from 10.9% a year ago. Despite the weak financials, Tejas Networks' order book grew 22% quarter-on-quarter to Rs 1,241 crore, bolstered by router orders under BharatNet Phase 3 and optical equipment contracts from private operators. “The revenue shortfall stemmed largely from delays in order receipts, including from BSNL,” said COO Arnob Roy. Investors remain cautious as the company navigates operational challenges, with hopes pinned on stronger order execution in upcoming quarters.