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Earnings Call Transcript

Tejas Networks Earnings Call Transcript: Key Takeaways

Tejas reported Q1 FY27 revenue of INR 402 Cr (up 20% QoQ) but a loss at PBT level of INR 271 Cr. Management is leveraging BSNL success to drive international 5G wins.

Highlights
Revenue growth20% QoQ to INR 402 Cr.
MarginsExpected normalization of high warranty costs; AMC revenues provide higher margins.
Order bookINR 1,529 Cr, primarily domestic (93%).
Demand visibilityStrong international traction for 5G radios; awaiting BSNL 4G expansion order.
Management confidenceHigh for international 5G traction and BSNL receivables clearance.

Growth

Revenue grew 20% QoQ. Order book slightly increased to INR 1,529 Cr (93% domestic).

Outlook

Targeting EBITDA and PAT profitability in 12-18 months. Expanding 5G/6G portfolio for AI-driven infrastructure.

Risks

High inventory (INR 2,358 Cr) and increased net receivables (INR 2,232 Cr) impacting working capital.

Last quarter's promises, checked

Delivered

  • BSNL Collections → Net receivables reduced from INR 3,258 Cr to INR 2,232 Cr (= BEAT)
  • Order Book Growth → INR 1,514 Cr (Q4) to INR 1,529 Cr (Q1) (= BEAT)
  • Revenue Growth → INR 333 Cr (Q4) to INR 402 Cr (Q1) (= BEAT)

Partly delivered

  • Inventory Reduction → INR 2,438 Cr to INR 2,358 Cr (= PARTIAL)

Missed

  • Financial Turnaround starting FY27 → Q1 FY27 loss widened to INR 271 Cr (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: TEJASNET. Summary written with AI assistance from the document.

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Tejas Networks Ltd: key numbers

Share price
₹503.85
Market cap
₹8,973 Cr
Revenue (annual)
₹1,103 Cr
Net profit (annual)
₹-908.9 Cr
P/E (TTM)
-9.8×Sector 68.0×
Promoter holding
53.33%-0.07% QoQ
FII holding
5.82%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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