Synopsis: The shares of Tejas Networks are down by 8 % in the Day’s Trade following their Q3 results, in which their revenue fell 88.3% YoY to ₹306.79 Crores, and its company slipped into a net loss of ₹196.55 Crores from a profit of ₹165.67 Crores YoY.
The shares of the Tata Group company specializing in designing, developing, and manufacturing high-performance wireline and wireless networking products for building telecom networks, serving service providers, utilities, defence, and government, are in focus in the day’s trade as they have declined by 8 percent followed by underperforming Q3FY26 results, leading to distrust in investor confidence.
With a market capitalization of Rs. 6,849.53 Crores on Monday, the shares of Tejas Networks Ltd declined upto 8 percent, reaching a low of Rs. 381.55 compared to its previous close of Rs. 416.70.
What Happened
Tejas Networks Ltd, engaged in designing, developing, and manufacturing high-performance wireline and wireless networking products for building telecom networks, serving service providers, utilities, defense, and government, is in the spotlight today as they have announced their Q3 results as follows:
Its Revenue from operations declined by 88.3 percent YoY from Rs. 2,642.24 Crores in Q3FY25 to Rs. 306.79 Crores in Q3FY26, and it rose by 17.17 percent QoQ from Rs. 261.82 Crores in Q2FY26 to Rs. 306.79 Crores in Q3FY26.
Its Net Profit YoY turned negative from a profit of Rs. 165.67 Crores in Q3FY25 to a loss of Rs. 196.55 Crores in Q3FY26, and on a QoQ basis, from a loss of Rs. 307.13 Crores in Q2FY26, it reduced to a loss of Rs. 196.55 Crores in Q3FY26. The earnings per share (EPS) for the quarterly period stood at minus Rs. 11.09, compared to Rs. 9.44 in the previous year’s quarter.
The company demonstrates solid financial performance, with a decent ROCE of 15.5% and an ROE of 12.8%, indicating efficient use of capital and shareholders’ funds. Over the last 10 years, it has achieved a strong median sales growth of 34.8%, reflecting robust business expansion.
Additionally, working capital efficiency has improved significantly, with requirements reducing from 251 days to 55.7 days, highlighting better operational management and cash flow discipline.
Revenue Segmentation
Tejas Networks is a key vendor for BSNL’s 4G rollout under the CDOT–TCS consortium and has positioned itself as one of the largest suppliers of network routers. During the reported quarter, around 85 percent of the company’s revenue mix, excluding operating revenue, came from the domestic market, while the remaining 15 percent was contributed by international operations.
At the end of Q3, the order book stood at Rs. 1,329 crore, reflecting a healthy increase from Rs. 1,204 crore in Q2 FY26. The closing order book remained predominantly domestic, with India contributing 92 percent of the total, while international orders accounted for the remaining 8 percent.
Tejas Networks is an Indian telecom equipment manufacturer, part of the Tata Group, designing and supplying high-performance optical, wireless (4G/5G), and broadband (GPON/XGS-PON) networking products for service providers, defense, and government entities.
Tejas provides an end-to-end networking portfolio spanning fixed and wireless access, optical aggregation, metro core and backbone, packet transport, satellite communication, D2M broadcast, and network management solutions.
Its technologies power 500+ networks across 75+ countries and are trusted by global industry leaders, including three of the world’s largest mobile operators, Africa’s top wholesale bandwidth providers, most of India’s utility networks, and the world’s largest rural broadband network.
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