Key Financial Results - Standalone (Rs in crore)
Revenue Performance
- Revenue from operations: ₹401.95 crore (Q2 FY2026) vs ₹331.76 crore (Q1 FY2026) vs ₹201.93 crore (Q2 FY2025)
- Revenue from sale of goods and services: ₹401.61 crore
- Other operating revenue: ₹0.34 crore
- Other income: ₹8.97 crore
- Total income: ₹410.92 crore
Expense Breakdown
- Cost of materials consumed: ₹132.08 crore (includes reversal of provision for inventory obsolescence/write down of ₹3.10 crore)
- Purchases of stock-in-trade: ₹16.04 crore
- Changes in inventories: ₹109.05 crore (positive)
- Employee benefit expense: ₹101.06 crore
- Finance costs: ₹85.04 crore
- Depreciation and amortization: ₹94.35 crore
- Allowance for expected credit loss: ₹8.08 crore
- Other expenses: ₹136.03 crore (includes provision for warranty expenses of ₹35.11 crore)
- Total expenses: ₹681.73 crore
Profitability Metrics
- Loss before tax: ₹(270.81) crore
- Tax benefit: ₹(68.57) crore (deferred tax)
- Net loss after tax: ₹(202.24) crore
- Total comprehensive income: ₹(208.91) crore
Per Share Data
- Basic EPS: ₹(11.37) per share
- Diluted EPS: ₹(11.37) per share
- Equity share capital: ₹181.25 crore (Face value ₹10 per share)
Key Financial Results - Consolidated (Rs in crore)
Revenue Performance
- Revenue from operations: ₹402.16 crore
- Revenue from sale of goods and services: ₹401.82 crore
- Other operating revenue: ₹0.34 crore
- Other income: ₹8.97 crore
- Total income: ₹411.13 crore
Expense Breakdown
- Total expenses: ₹681.94 crore
- Loss before tax: ₹(270.81) crore
- Tax benefit: ₹(68.57) crore
- Net loss after tax: ₹(202.24) crore
- Total comprehensive income: ₹(208.94) crore
Subsidiary Information
Consolidated results include 3 subsidiaries:
- Tejas Communication Pte. Limited, Singapore
- Tejas Communications (Nigeria) Limited, Nigeria
- Saankhya Labs Inc, USA
Subsidiaries contributed total revenue of ₹0.86 crore, net loss of ₹0.00 crore, and total comprehensive income of ₹0.03 crore for the quarter.
Comparative Performance
Quarter-over-Quarter Comparison (Standalone)
- Revenue increased from ₹331.76 crore (Q1 FY2026) to ₹401.95 crore (Q2 FY2026)
- Net loss improved from ₹(218.46) crore (Q1 FY2026) to ₹(202.24) crore (Q2 FY2026)
Year-over-Year Comparison (Standalone)
- Revenue increased from ₹201.93 crore (Q2 FY2025) to ₹401.95 crore (Q2 FY2026)
- Net loss increased from ₹(193.91) crore (Q2 FY2025) to ₹(202.24) crore (Q2 FY2026)
Key Notes and Disclosures
Accounting Policies
- Prepared in accordance with Ind AS 34 "Interim Financial Reporting" and Regulation 33 of SEBI Listing Regulations
- Single reportable segment: "telecom and data networking related products and services"
Significant Accounting Treatments
- Inventory provisions: Reversal of ₹3.10 crore in Q2 FY2026 vs charge of ₹18.04 crore in Q1 FY2026 (contract manufacturing process losses, design changes)
- Warranty provisions: ₹35.11 crore in Q2 FY2026 vs ₹39.30 crore in Q1 FY2026 (based on potential fault rates and anticipated claims)
Audit and Review
- Limited review conducted by Price Waterhouse Chartered Accountants LLP
- Review performed under SRE 2410 "Review of Interim Financial Information"
- Auditors concluded no material misstatement found in financial results
Board Approval Process
- Board meeting held on July 27, 2026 from 1:30 PM to 4:40 PM IST
- Results reviewed and recommended by Audit Committee
- Approved by Board of Directors