Mumbai
Shares of Tejas Networks, backed by the Tata Group, declined by nearly 6% in early trade on Thursday after the company reported weak financial results for the fourth quarter (January–March) of FY2026, disappointing investors and traders.
The stock, part of the BSE 500, fell 5.86% to an intraday low of ₹423.50, compared to its previous close of ₹449.90.
The decline comes as the company reported losses for the fifth consecutive quarter, along with a sharp year-on-year drop in revenue. Tejas Networks, which manufactures telecom and networking equipment for high-speed communication systems, posted a net loss of ₹211 crore in Q4 FY2026, significantly higher than the ₹72 crore loss reported in the same quarter last year.
For the full financial year FY2026, the company’s total loss widened to ₹909 crore. Quarterly losses stood at ₹194 crore in Q1, ₹307 crore in Q2, and ₹197 crore in Q3. This marks a sharp reversal from FY2025, when the company had posted a profit of ₹447 crore.
Revenue performance also remained under pressure. Q4 revenue declined 82.53% year-on-year to ₹333 crore, compared to ₹1,907 crore in the same period last year. For the full year, revenue dropped 88% to ₹1,103 crore from ₹8,923 crore in FY2025.
At the operating level, the company reported an EBITDA loss of ₹118 crore, compared to a profit of ₹121.5 crore in the corresponding quarter last year. EBITDA margins slipped sharply to (-35%), against 6% a year ago.
Despite the weak financials, the company’s order book showed some positive momentum, rising 49% to ₹1,514 crore as of March. However, debt levels remain elevated, with net debt at ₹3,531 crore and gross debt at ₹4,035 crore.
In terms of stock performance, Tejas Networks shares have declined over 4% so far in 2026. On a monthly basis, the stock has seen volatility—falling 25% in January, rising 29% in February, and declining 11.7% in March, while gaining around 11% in the current month.
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