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Earnings Call Transcript

Tejas Networks Earnings Call Transcript: Key Takeaways

Tejas reported Q2 FY27 revenue of INR 406 Cr, up 55% YoY, though it posted a PAT loss of INR 207 Cr. Focus remains on BSNL 4G order execution and wireless expansion.

Highlights
Revenue growth55% YoY growth in Q2 FY27.
MarginsEBITDA loss narrowed to INR 108 Cr from INR 293 Cr YoY.
Order bookINR 2,315 Cr as of Sep 30, 2026.
Demand visibilityStrong visibility via INR 2,315 Cr order book.
Management confidenceHigh confidence in BSNL execution and international 5G POC traction.

Growth

Revenue grew 55% YoY to INR 406 Cr. H1 FY27 revenue up 74% YoY to INR 808 Cr.

Outlook

Management expects significant inventory and debt reduction via BSNL order execution; targets path to profitability in upcoming years.

Risks

High net debt of INR 4,384 Cr and significant inventory levels of INR 2,314 Cr impact financials.

Last quarter's promises, checked

Delivered

  • Guided 50% India/50% Intl split → delivered 88% India/12% Intl (= MISS)
  • Guided positive revenue trajectory → delivered 55% YoY growth (= BEAT)
  • Guided inventory reduction → delivered INR 2,438Cr to INR 2,314Cr (= BEAT)

Partly delivered

  • Guided BSNL receivable clearance → partial progress pending site acceptance (= PARTIAL)

Missed

  • Guided positive EBITDA target → delivered INR 108Cr loss (= MISS)
  • Guided debt reduction → delivered INR 4,277Cr to INR 4,384Cr (= 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
₹412.35
Market cap
₹7,346 Cr
Revenue (annual)
₹1,103 Cr
Net profit (annual)
₹-908.9 Cr
P/E (TTM)
-9.0×Sector 57.7×
Promoter holding
53.28%-0.05% QoQ
FII holding
6.63%Current quarter

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

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