Tejas Networks Share Price Takes a Hit as Tata Group Subsidiary Reports Fifth Consecutive Quarterly Loss in Q4

Tejas Networks Posts Fifth Straight Quarterly Loss, Shares Slump 5.9%

Tejas Networks, a Tata group company, witnessed a decline of nearly 6% in its share price on Thursday, April 16, following the company's disappointing earnings for the January-March quarter (Q4) of FY26. The company's share price fell to ₹423.50 on the BSE, down from its last closing price of ₹449.90.

The company's Q4 losses for FY26 came in at ₹211 crore, as against ₹72 crore in the same period of the last fiscal year. This is the fifth straight quarterly loss posted by Tejas Networks. The company's revenue plunged 82.5% year-over-year (YoY) to ₹333 crore from ₹1,907 crore in the same period a year ago.

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For the full financial year, the revenue was lower by 88% YoY to ₹1,103 crore compared with ₹8,923 crore in FY25. The company's operating profit margin turned negative, coming in at -35% in Q4FY26 as against 6% in Q4FY25. Tejas Networks' EBITDA losses stood at ₹118 crore as against a profit of ₹121.5 crore.

Despite the company's losses, Arnob Roy, COO of Tejas Networks, highlighted significant progress in international business expansion of the company's Wireless products. The company received its first commercial order for 4G/5G wireless products in international markets, a 5G Massive MIMO radio supply contract with NEC, and successful trials of its 5G products for an operator in the Americas.

The company's order book stood at ₹1,514 crore as of the March quarter, recording a strong growth of 49% YoY. However, its net debt came in at ₹3,531 crore and gross debt at ₹4,035 crore.

Analyst Views

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Harshal Dasani, Business Head at INVasset PMS, said that Tejas Networks' stock outlook remains cautious in the near term, though not entirely without hope. The key trigger is execution, with investors wanting to see faster order conversion, smoother BSNL-related offtake, and a visible improvement in working capital before turning constructive.

Anshul Jain, Head of Research at Lakshmishree, said that Tejas Networks has entered a healthy consolidation phase, forming a classic pole-and-flag structure over the past five weeks on the technical charts. The flag is developing with visibly contracting volumes, indicating a pause rather than distribution.

So far in 2026, the Tata group stock has remained 4.5% lower after a mixed performance trend. Tejas Networks share price has risen 11.6% on a month-to-date basis, erasing the 11.7% losses seen in March. Meanwhile, in January it had shed 25% but gained 29% in February, signalling high volatility.