Company Disclosures: Quarterly Financial Results

Key Financial Figures - Standalone (Q2 FY27)

Revenue Performance:

  • Revenue from operations: Rs 404.91 crore
  • Revenue from sale of goods and services: Rs 404.91 crore
  • Other operating revenue: Rs 0.00 crore
  • Other income: Rs 7.81 crore
  • Total income: Rs 412.72 crore

Expense Breakdown:

  • Cost of materials consumed: Rs 237.84 crore
  • Purchases of stock-in-trade: Rs 26.48 crore
  • Changes in inventories: Rs (13.70) crore
  • Employee benefit expense: Rs 100.84 crore
  • Finance costs: Rs 86.50 crore
  • Depreciation and amortization: Rs 91.48 crore
  • Allowance for expected credit loss: Rs (10.55) crore
  • Other expenses: Rs 171.54 crore
  • Total expenses: Rs 690.43 crore

Profitability Metrics:

  • Loss before tax: Rs (277.71) crore
  • Deferred tax benefit: Rs (69.94) crore
  • Loss after tax: Rs (207.77) crore
  • Total comprehensive income: Rs (203.24) crore

Per Share Data:

  • Basic loss per share: Rs (11.67)
  • Diluted loss per share: Rs (11.67)
  • Equity share capital: Rs 181.41 crore (face value Rs 10 each)

Half-Yearly Performance (Standalone)

April-September 2026:

  • Total revenue from operations: Rs 806.86 crore
  • Total income: Rs 823.64 crore
  • Loss before tax: Rs (548.52) crore
  • Loss after tax: Rs (410.01) crore
  • Basic loss per share: Rs (23.05)

Comparative Performance

Quarterly Comparison (Standalone):

  • Q2 FY27 revenue: Rs 404.91 crore vs Q2 FY26: Rs 261.37 crore (54.9% increase)
  • Q2 FY27 loss after tax: Rs (207.77) crore vs Q2 FY26: Rs (307.17) crore (32.4% improvement)
  • Q2 FY27 vs Q1 FY27: Revenue increased from Rs 401.95 crore to Rs 404.91 crore

Balance Sheet Position (Standalone as of September 30, 2026)

Assets:

  • Total assets: Rs 8,440.67 crore
  • Non-current assets: Rs 2,864.85 crore
  • Property, plant and equipment: Rs 377.72 crore
  • Right-of-use assets: Rs 104.55 crore
  • Goodwill: Rs 211.81 crore
  • Other intangible assets: Rs 688.10 crore
  • Intangible assets under development: Rs 897.75 crore
  • Deferred tax assets: Rs 503.75 crore
  • Current assets: Rs 5,575.82 crore
  • Inventories: Rs 2,314.15 crore
  • Trade receivables: Rs 2,145.72 crore
  • Cash and cash equivalents: Rs 102.85 crore

Liabilities and Equity:

  • Total equity: Rs 2,527.57 crore
  • Equity share capital: Rs 181.41 crore
  • Other equity: Rs 2,346.16 crore
  • Total liabilities: Rs 5,913.10 crore
  • Non-current liabilities: Rs 1,323.57 crore
  • Borrowings: Rs 1,162.40 crore
  • Lease liabilities: Rs 117.92 crore
  • Current liabilities: Rs 4,589.53 crore
  • Borrowings: Rs 3,672.95 crore
  • Trade payables: Rs 453.29 crore (including micro/small enterprises: Rs 17.61 crore)

Cash Flow Statement (Standalone - Half Year Ended September 2026)

Operating Activities:

  • Net cash used in operating activities: Rs (311.10) crore
  • Cash used in operations: Rs (310.58) crore
  • Income taxes paid: Rs (0.52) crore

Investing Activities:

  • Net cash used: Rs (321.67) crore
  • Payments for property, plant and equipment: Rs (38.59) crore
  • Payments for intangible assets: Rs (358.59) crore
  • Investments in liquid mutual funds: Rs (3,158.00) crore
  • Redemption from liquid mutual funds: Rs 3,232.70 crore

Financing Activities:

  • Net cash generated: Rs 641.14 crore
  • Proceeds from borrowings (non-current): Rs 855.72 crore
  • Proceeds from borrowings (current): Rs 7,083.40 crore
  • Repayment of borrowings (current): Rs (7,009.77) crore
  • Proceeds from supplier finance: Rs 160.74 crore
  • Repayments under supplier finance: Rs (129.70) crore

Consolidated Financial Results

Q2 FY27 Consolidated:

  • Revenue from operations: Rs 405.68 crore
  • Loss after tax: Rs (206.94) crore
  • Total comprehensive income: Rs (202.34) crore
  • Basic loss per share: Rs (11.62)

Subsidiaries Included:

  • Tejas Communication Pte. Limited, Singapore
  • Tejas Communications (Nigeria) Limited, Nigeria
  • Saankhya Labs Inc, USA

Subsidiary Financials (Unaudited):

  • Total assets: Rs 21.59 crore as of September 30, 2026
  • Net assets: Rs 10.90 crore as of September 30, 2026
  • Q2 FY27 revenue: Rs 3.52 crore
  • Q2 FY27 net profit after tax: Rs 0.80 crore

Notes to Financial Statements

Segment Information: The company has identified "telecom and data networking related products and services" as its only reportable segment.

Exceptional Items:

  • Q2 FY25 cost of materials consumed included a charge of Rs 145.43 crore primarily for contract manufacturing process losses, design changes and related matters

Warranty Provisions:

  • Q2 FY26: Provision for warranty expenses of Rs 7.24 crore
  • Q1 FY26: Rs 35.11 crore
  • Q2 FY25: Rs 44.44 crore
  • Determined based on potential fault rates, repair requirements and anticipated warranty claims

Regulatory Compliance:

  • Financial results prepared in accordance with Ind AS 34 "Interim Financial Reporting"
  • Reviewed by Audit Committee and approved by Board of Directors on October 16, 2026
  • Statutory auditors Price Waterhouse Chartered Accountants LLP issued unmodified review reports

Capital Structure Changes

  • Equity share capital increased from Rs 181.01 crore (March 2026) to Rs 181.41 crore (September 2026)
  • Proceeds from exercise of restricted stock units/employee stock options: Rs 0.84 crore for half-year ended September 2026

Debt Position

  • Total borrowings increased from Rs 4,035.47 crore (March 2026) to Rs 4,835.35 crore (September 2026)
  • Significant borrowing activity during the period with Rs 7,083.40 crore proceeds and Rs 7,009.77 crore repayments of current borrowings

#Tags: #TejasNetworks #Q2Results #FinancialResults #SEBIDisclosure #RegulatoryCompliance #Negative