Tejas Networks Ltd

Q1 FY27Telecom - Equipment & Accessories

Tejas Networks Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹507

Market cap₹9.1K Cr

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueRank 3

MarginRank 1

CapexYes

Order bookYes

Not discussed on this call: fundraise.

The short version

Tejas Networks expects consistent and progressive revenue growth from FY27 through FY30/'31 driven by strong R&D investments and relevant products. Tejas Networks expects consistent and progressive revenue growth from FY27 through FY30-31, driven by investments in R&D and relevant product portfolios, including AI, 5G-Advanced, DWDM AI, hyperscaler business, and upcoming 6G technology.

From Tejas Networks Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3

Tejas Networks expects consistent and progressive revenue growth from FY27 through FY30/'31 driven by strong R&D investments and relevant products.
Growth is fueled by expanding 5G deployments, AI infrastructure adoption, and new product launches in wireless (5G/6G) and wireline (DWDM, FTTx) segments.
The BSNL large orders and add-on expansions are expected to provide tailwinds and improve working capital and receivables.
International business, particularly in wireless 5G radios and optical products, is gaining traction, contributing to revenue growth alongside domestic markets.
AI-driven demand will increase bandwidth needs, pushing sales of higher capacity products and edge network infrastructure.
Global adoption of AI and network modernization will drive incremental revenues from new technologies like the 1.6T DWDM platform and AI hyperscaler business.
The company aims for profitable growth alongside revenue expansion, targeting positive EBITDA within 12-18 months.

Profitability & Margins

Tejas Networks expects consistent and progressive revenue growth from FY27 through FY30-31, driven by investments in R&D and relevant product portfolios, including AI, 5G-Advanced, DWDM AI, hyperscaler business, and upcoming 6G technology.
The company aims for profitable growth building on large orders like BSNL and increasing market share in private and international markets.
Positive trajectory seen in revenue, operating profits, and working capital management, with a target to achieve positive EBITDA and EBIT within 12-18 months, followed by PAT profitability.
Working capital improvements, inventory reduction, and receivables collection expected to reduce finance costs and enhance margins.
Growth supported by expanding international wireless business, steady wireline growth, and scaling AI-driven infrastructure products.
Increasing service revenues from AMC contracts expected to contribute positively over the coming years.

See what Tejas Networks Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Tejas Networks is continuing significant investments in R&D, particularly in 5G, 5G-Advanced, and 6G technologies.
Investments are aimed at evolving products to higher capacities in access and core networks to support increased bandwidth due to AI demands.
The company is investing ahead of technology adoption to commercialize new innovations in optical and wireless segments.
Capex related to the ongoing expansion and modernization of networks, including data centers and AI infrastructure, is a focus area.
The increase in borrowings partly supports continued capex investments and working capital needs.
Partnerships, such as joint R&D with a global Tier 1 telco and collaboration with NEC, suggest strategic investment in technology development.
MoUs with IIT Gandhinagar and Maharashtra IT aim to nurture innovation ecosystems for next-generation telecom technologies.
Overall, the company is bullish on future strategic investments aligned with AI-driven network evolution and expanding international markets.

Fundraising & Capital Structure

The transcript does not explicitly mention any current or planned future fundraising through debt or equity.
Net borrowings have increased to INR4,277 crores due to increased working capital requirements and capital expenditure.
The company continues to invest in R&D and capex, supported by existing borrowings.
Management is focusing on improving working capital, reducing inventory and receivables, which may reduce future finance costs.
No direct statements about upcoming equity issuance or additional debt raises were made in the call.
Overall, the focus seems to be on managing current financial resources efficiently rather than raising new funds immediately.

See what Tejas Networks Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

As of Q1 FY27, Tejas Networks’ closing order book stood at INR 1,529 crores, a slight increase from INR 1,514 crores in Q4 FY26.
Order book composition: 93% domestic and 7% international.
Most new orders during the quarter were domestic, apart from a 5G network order in South America.
The BSNL expansion order of 26,000 sites is in the final stages of conclusion, with contracts expected to materialize soon, likely within the current quarter.
Add-on orders for BSNL are not yet included in the order book.
AMC (Annual Maintenance Contract) orders, expected to start in the coming quarters post-warranty, will be multi-year contracts coming circle-wise but are not yet part of the current order book.
International business is growing with new wins in wireless 5G and optical products.

Tejas Networks Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹333 Cr, net loss ₹211 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Tejas Networks's management said in earlier quarters

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Frequently Asked Questions

What were Tejas Networks Ltd Q1 FY27 results?

What is Tejas Networks Ltd share price analysis?

Tejas Networks Ltd currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹9,085 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tejas Networks Ltd planning capital expenditure?

Tejas Networks is continuing significant investments in R&D, particularly in 5G, 5G-Advanced, and 6G technologies.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.