Tejas Networks reported its financial results for the second quarter ended September 30, 2026 (Q2FY27). The company designs, develops, manufactures and sells high-performance telecom and networking products for building high-speed communication networks.

Financial Performance

Quarterly Results (Q2FY27 vs Q2FY26):

  • Net Revenue: ₹406 Cr (vs ₹262 Cr in Q2FY26) - 55% year-on-year growth
  • EBITDA: (₹108) Cr (vs (₹293) Cr in Q2FY26)
  • PBT: (₹277) Cr (vs (₹473) Cr in Q2FY26)
  • PAT: (₹207) Cr (vs (₹307) Cr in Q2FY26)

Half-Yearly Results (H1FY27 vs H1FY26):

  • Net Revenue: ₹808 Cr (vs ₹464 Cr in H1FY26)
  • EBITDA: (₹207) Cr (vs (₹429) Cr in H1FY26)
  • PBT: (₹548) Cr (vs ₹770 Cr in H1FY26)
  • PAT: (₹409) Cr (vs (₹501) Cr in H1FY26)

Operational Highlights

During Q2FY27, the company received a Letter of Intent (LoI) from Tata Consultancy Services (TCS) to supply 4G RAN equipment for 18,865 add-on sites on BSNL's pan-India network. Supplies for this order commenced during the quarter.

The company also began initial supplies for an end-to-end 5G network order from South America that was won in Q1FY27.

Order Book and Debt Position

As stated by CFO AVS Prasad:

  • Order book strengthened significantly to ₹2,315 Cr compared to ₹1,529 Cr at the end of Q1FY27, representing 51% sequential growth
  • Net debt: ₹4,384 Cr
  • Gross debt: ₹4,835 Cr
  • Cash balance: ₹451 Cr

Business Development Highlights

  • Strong traction for 4G/5G wireless products in international markets, with advanced stages of commercial negotiations with several operators
  • Selected for new wireless Proof of Concept (POC) deployments in North America and Asia-Pacific regions
  • Received LOI to supply IP Routers in three states for BharatNet Phase 3 middle-mile network
  • Declared L1 in a domestic tender to supply OTN products for a pan-India strategic network
  • Inaugurated Next-generation Connectivity Lab in Bengaluru showcasing advanced products in 5G-Advanced, 6G and AI
  • Increased global patent count to 748

Market Context

The company highlighted sustained global demand for its 400G/800G coherent DWDM, OTN and GPON OLT based wireline products for:

  • Wholesale bandwidth services
  • Enterprise/data center connectivity
  • High-speed broadband applications

Corporate Structure

Tejas Networks Ltd. is part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder. The company serves customers in over 75 countries including telecommunications service providers, internet service providers, utilities, defence and government entities.

Disclosure Context

This press release was submitted to National Stock Exchange of India Ltd and BSE Limited as a regulatory disclosure regarding quarterly financial results.