Tejas Networks, a telecom gear manufacturer backed by the Tata group, reported a net loss of ₹909 crore for the fiscal year 2026 (FY26), a significant decline from a profit of ₹447 crore the previous year. This downturn was primarily driven by the tapering off of the 4G project for Bharat Sanchar Nigam Ltd (BSNL) and delays in large orders, resulting in revenue from operations falling to ₹1,103 crore, an over eightfold decrease. The company's shares dropped nearly 6% in early trading, reflecting investor concerns about rising inventories and stretched receivables. During an earnings call, Arnob Roy, the executive director and COO, acknowledged the disappointing results but expressed optimism for future growth, citing substantial investments made during the year. Tejas Networks has deployed 4G networks across approximately 100,000 sites for BSNL, with the original order valued at ₹7,492 crore. The company is now focusing on international expansion and has secured contracts for 5G technology, while also managing a significant order backlog and inventory challenges. The firm aims to break even or return to profitability in FY27, as it navigates the current challenges and capitalizes on future opportunities.