Tejas Networks Q2 FY27 Results: Revenue, Losses and Orders

Tejas Networks Ltd

reported an improvement in its financial performance for Q2 FY27, supported by higher revenue, reduced losses and an expanding order book. Key Financial Highlights: * Revenue: Increased to ₹406 crore from ₹262 crore in Q2 FY26, registering a strong 54.96% YoY growth. * Profit After Tax (PAT): Net loss narrowed to ₹207 crore compared with ₹307 crore in the corresponding quarter last year, reflecting an improvement of ₹100 crore. * Order Book: Rose to ₹2,315 crore, providing improved revenue visibility for upcoming quarters. * BSNL Opportunity: The company received a Letter of Intent (LOI) for deployment across 18,000+ 4G sites, strengthening its position in India’s indigenous telecom infrastructure ecosystem. Business Outlook: The sharp revenue growth indicates improving business execution and project activity. Although Tejas Networks continues to report losses, the reduction in net loss suggests progress toward financial recovery. Its ₹2,315 crore order book, equivalent to approximately 5.7 times quarterly revenue, offers a substantial pipeline for future execution. The BSNL 4G expansion opportunity is particularly significant, as it could support additional equipment supplies, network deployment and related services. However, the timing of revenue recognition will depend on final contracts, project execution and customer acceptance. Investor Perspective: The results signal an improving operational trajectory, with strong revenue growth and narrowing losses emerging as key positives. Nevertheless, sustained profitability, operating cash flow, working-capital management and timely execution of BSNL orders remain crucial factors to monitor. Overall View: The quarter reflects encouraging signs of a turnaround, supported by improving financial performance and a healthy order pipeline. The key trigger ahead will be the company’s ability to convert orders into profitable revenue and positive cash flows.