Tejas Networks Shares Drop 6% Following Fifth Consecutive Quarterly Loss
Tejas Networks share price crashes 6% as Tata group firm posts 5th straight quarterly loss in Q4
Mint
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Tejas Networks, a Tata group company, saw its shares fall nearly 6% after reporting a fifth consecutive quarterly loss in Q4 FY26. The company's losses reached ₹211 crore compared to ₹72 crore in the same quarter last year, with revenue plummeting 82.5% YoY to ₹333 crore.
- 01Tejas Networks reported a fifth consecutive quarterly loss of ₹211 crore in Q4 FY26.
- 02The company's share price dropped by 5.9% to ₹423.50 on the Bombay Stock Exchange.
- 03Revenue fell sharply by 82.5% YoY to ₹333 crore from ₹1,907 crore in the same period last year.
- 04Total losses for FY26 reached ₹909 crore, a significant decline from a profit of ₹447 crore in FY25.
- 05Tejas Networks' financial struggles reflect broader challenges in the telecom and networking sector.
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Tejas Networks, part of the Tata group, experienced a 5.9% drop in its share price, falling to ₹423.50 on the Bombay Stock Exchange following disappointing earnings for the January-March quarter (Q4 FY26). The company reported a loss of ₹211 crore, marking its fifth consecutive quarterly loss, compared to a loss of ₹72 crore in the same quarter the previous year. Revenue also saw a staggering decline, plunging 82.5% year-on-year to ₹333 crore, down from ₹1,907 crore a year ago. For the entire financial year, Tejas Networks recorded total losses of ₹909 crore, a stark contrast to the profit of ₹447 crore it achieved in FY25. The significant drop in revenue reflects ongoing challenges within the telecom and networking industry, raising concerns among investors about the company's future performance.
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The continued losses and declining revenue may lead to reduced investor confidence, affecting future investments and job stability within the company.
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