Board approves September-quarter unaudited results; auditors' limited review conclusions unmodified
Board meeting (2:00 PM to 4:15 PM IST) considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended September 30, 2026, as recommended by the Audit Committee.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 405.68 | 261.82 | +54.9% | 402.16 | +0.9% |
| Total income | 413.45 | 267.83 | +54.4% | 411.13 | +0.6% |
| Profit before tax | (276.88) | (472.99) | +41.5% | (270.81) | −2.2% |
| Profit after tax | (206.94) | (307.13) | +32.6% | (202.24) | −2.3% |
| Total comprehensive income | (202.34) | (301.80) | +33% | (208.94) | +3.2% |
| Basic EPS | (11.62) | (17.38) | +33.1% | (11.37) | −2.2% |
- Total income (year ago)
- 267.83 (+54.4%)
- Period
- Quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- For the quarter ended September 30, 2025, cost of materials consumed includes a charge of Rs. 145.43 crore on account of contract manufacturing process losses, design changes and related matters.
- Other expenses for the quarter ended September 30, 2026 include warranty provision of Rs. 7.24 crore (Rs. 35.11 crore for Q1 FY27 and Rs. 44.44 crore for quarter ended September 30, 2025).
What the Board approved
Tejas Networks' Board of Directors, at its meeting held on October 16, 2026, considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended September 30, 2026, together with the limited review reports of the statutory auditors. The Audit Committee reviewed and recommended the results before the Board approved them. The meeting started at 2.00 P.M. IST and ended at 4:15 P.M. IST.
Standalone results, quarter ended September 30, 2026
- Revenue from operations: Rs. 404.91 crore
- Profit/(Loss) after tax: Rs. (207.77) crore
Consolidated results, quarter ended September 30, 2026
- Revenue from operations: Rs. 405.68 crore
- Profit/(Loss) after tax: Rs. (206.94) crore
Consolidated results, six months ended September 30, 2026
- Revenue from operations: Rs. 807.50 crore
- Profit/(Loss) after tax: Rs. (409.18) crore
Inside the update, figures in brackets are negative — a bracketed Profit/(Loss) after tax is a loss.
What the auditors concluded
Both statements were reviewed by Price Waterhouse Chartered Accountants LLP. Their review reports state that, based on the review, nothing has come to their attention that causes them to believe the statements have not been prepared in all material respects in accordance with the applicable accounting standards, or that they contain any material misstatement. A review is not an audit and the reports do not express an audit opinion.
The consolidated review report also notes that the consolidated results include the financial results of subsidiaries that have not been reviewed by their auditors, and quantifies the portion attributable to them. The review conclusion is not modified in respect of that matter.
Notes accompanying the results
- The company has identified "telecom and data networking related products and services" as its only reportable segment, and therefore no segment information has been provided.
- Other expenses for the quarter ended September 30, 2026 include a provision for warranty expenses of Rs. 7.24 crore, determined based on potential fault rates, repair requirements and anticipated warranty claims.
- The statement has been prepared in accordance with Ind AS 34 "Interim Financial Reporting".
How the two sets of numbers sit together
The consolidated and standalone figures for the quarter are close to each other: revenue from operations of Rs. 405.68 crore consolidated against Rs. 404.91 crore standalone, and a loss after tax of Rs. (206.94) crore consolidated against Rs. (207.77) crore standalone. That is consistent with a consolidated statement that combines the parent company with its subsidiaries.
Where the auditors have pointed out that part of the consolidated numbers came from subsidiaries not reviewed by their auditors, they have quantified that portion and have stated that their conclusion is not modified because of it.
What a reader can check from this update
The update is the company's standard quarterly disclosure. For the September 2026 quarter it gives revenue from operations and the loss after tax on both a standalone and a consolidated basis, the same two lines for the six-month period on a consolidated basis, the auditors' limited review conclusions, and the note on the warranty provision. The results were approved by the Board on the Audit Committee's recommendation at the meeting held on October 16, 2026.
Also from Tejas Networks
Q2 FY27 call: revenue INR406 crores, loss narrows to INR207 crores, order book INR2,315 crores
22 Oct 2026
Tejas Networks posts audio recording of Q2 FY27 earnings call held October 16, 2026
17 Oct 2026
Tejas Networks Q2 FY27: revenue rises to INR 406 Cr, loss narrows to INR 207 Cr, order book climbs to INR 2,315 Cr
16 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended Sep 30, 2026404.91 crore
- Standalone Profit/(Loss) after tax, quarter ended Sep 30, 2026(207.77) crore
- Consolidated Revenue from operations, six months ended Sep 30, 2026807.50 crore
- Consolidated Profit/(Loss) after tax, six months ended Sep 30, 2026(409.18) crore
- Total assets of subsidiaries whose results were not reviewedRs. 21.59 crores
- Provision for warranty expenses, quarter ended Sep 30, 2026Rs. 7.24 crore
- Total income, latest quarter413.45 (Rs. in crore)
- Total income, year-ago quarter267.83 (Rs. in crore)
- Total income, previous quarter411.13 (Rs. in crore)
- Total comprehensive income, latest quarter(202.34) (Rs. in crore)
- Total comprehensive income, year-ago quarter(301.80) (Rs. in crore)
- Total comprehensive income, previous quarter(208.94) (Rs. in crore)
- Profit after tax, latest quarter(206.94) (Rs. in crore)
- Profit after tax, year-ago quarter(307.13) (Rs. in crore)
- Profit after tax, previous quarter(202.24) (Rs. in crore)
- Revenue from operations, latest quarter405.68 (Rs. in crore)
- Revenue from operations, year-ago quarter261.82 (Rs. in crore)
- Revenue from operations, previous quarter402.16 (Rs. in crore)
- Profit before tax, latest quarter(276.88) (Rs. in crore)
- Profit before tax, year-ago quarter(472.99) (Rs. in crore)
- Profit before tax, previous quarter(270.81) (Rs. in crore)
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