Tejas Networks540595Earnings call transcript

Q2 FY27 call: revenue INR406 crores, loss narrows to INR207 crores, order book INR2,315 crores

Transcript of the Q2 FY27 earnings call held on October 16, 2026 shared with the exchanges.

By ScoutQuest · Thu 22 Oct 2026, 4:06 PM IST · 3 min read

INR406 crores+55%

Q2 FY26INR262 croresQ2 FY27INR406 crores

Revenue from operations: INR262 crores (Q2 FY26) and INR406 crores (Q2 FY27).

Revenue: INR406 crores, against INR262 crores in Q2 FY26
Loss after tax: INR207 crores, narrower than the INR307 crores loss in Q2 FY26
Order book: INR2,315 crores, up from INR1,529 crores in Q1 FY27

Revenue from operations was INR406 crores, against INR262 crores in Q2 FY26.
Loss after tax was INR207 crores, against a loss of INR307 crores in Q2 FY26, so the loss was smaller than a year earlier.
Revenue was described as being driven by shipments of optical IP and FTTx products to private operators and system integrators, initial shipments of the BSNL expansion order, and the first shipments of an end-to-end 5G solution to a customer in South America.

Order book at the end of the quarter was INR2,315 crores, against INR1,529 crores at the end of Q1 FY27.
Management attributed the rise mainly to the receipt of the LOI and subsequent purchase orders for the BSNL 4G network expansion covering 18,685 sites.

LOI received for 18,685 sites, with shipments started.
Initial RAN shipments made and the company's 5G core shipped and deployed in the end-to-end 5G network.
Multiple proof-of-concept engagements initiated in North America and Asia Pacific, some with end-to-end Tejas solutions and some with partners.
Discussions under way with several Tier 1 mobile network operators for development of custom 5G radios in custom bands and high-power radios.

LOI received from a new system integration partner to supply IP/MPLS routers for upgrading the BharatNet middle mile network.
A significant order won for building a strategic pan-India OTN network for a Government of India Enterprise, with orders received subsequently for shipment.
Purchase orders received to supply GPON FTTx products for high-speed broadband access networks from several leading Indian ISPs, described as existing customers expanding their deployments.
Selected to supply optical equipment to a new Tier 1 pan-African telecom operator network, a new customer footprint on that continent.

Net debt increased to INR4,384 crores, attributed to continued capex investments as per plan and to funding of operational costs.
Management said a significant portion of inventories is expected to be utilised in executing the BSNL 4G order in the coming quarters, deliveries for which have already started in Q2 FY27.

In wireless, management listed expansion of 5G deployment in emerging markets and 5G rollouts continuing to 2030 as key drivers, along with proof-of-concept engagements moving toward commercial discussions with operators in those markets.
It also cited growth in global 5G fixed wireless access subscriptions, domestic expansion of existing 4G networks including the BSNL expansion, and AI driving acceleration of 6G commercialisation with demand for higher-capacity massive MIMO radios and AI-native baseband and core.
In wireline, the drivers cited were AI data centres prompting upgrades of access aggregation and metro backbone networks, growth in high-speed enterprise connectivity, higher residential broadband connectivity, backhaul build-out for expanded 5G networks, and continued modernisation of utility networks from older TDM to modern packet networks.

A new logo with the Tata Endorsement Mark was launched at the India Mobile Congress in New Delhi.
The company won the TEPC Export Excellence Award in the large enterprise category.
Patent updates continued, with the global patent count at 748, of which 266 are 5G Advanced and 6G standards-related.
A next-generation connectivity lab was inaugurated, covering 5G Advanced, 6G and AI-powered network intelligence.
The company was elected to the membership of TSDSI's Governing Council and demonstrated a 6G sensing technology for drone and vehicle detection in partnership with Qualcomm at IMC.

The quarter showed higher revenue than a year earlier and a smaller loss than a year earlier, while the company remains loss-making at the profit-after-tax level.
The order book rose, with the BSNL 4G expansion being the main contributor, and execution of that order has begun.
Net debt rose during the quarter, which management linked to capex and funding of operational costs.

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