TEJASNET at ₹601 trades at 2.75x book (₹211), down 59% from highs on Tata Group sell-off, but Q1 loss temporary (project phasing). Order book ₹8.5K Cr + IMC 2025 launches (Ojas64 MIMO) signal 5G ramp-up. Indigenous 4G stack (100K BSNL sites) unlocks exports; PLI tailwinds ahead of Oct 17 results.
FY25 (Ended Mar 2025): Consolidated revenue ₹7,562 Cr (up 254% YoY, driven by BSNL 4G/5G orders); Net profit ₹175 Cr (up from losses in FY24). ROE: 5.25% (low but improving); Debt/Equity: 0.15 (healthy balance sheet post-Tata infusion).
Q1 FY26 (Ended Jun 2025): Revenue ₹202 Cr (down 87% YoY due to lumpy BSNL project phasing and inventory buildup); Net loss ₹194 Cr (vs. ₹77 Cr profit YoY, hit by forex/impairment charges). EBITDA margin: 9.35%. Order book: ₹8,500 Cr (strong visibility for FY26).
Growth Drivers: Indigenous 4G stack (with C-DOT/TCS) powering 100K+ BSNL towers; 5G-ready exports eyed. PLI scheme benefits boosting local manufacturing
Oct 10-11, 2025: Showcased Ojas64 64T64R Massive MIMO radio (320W, fully indigenous) at India Mobile Congress (IMC) 2025, unveiled by Union Minister. Highlighted HD/4K streaming on feature phones without data (with Intel/HMD/Lava). X buzz on 4G stack rollout connecting 22M users, including 2M first-timers.
FY25 (Ended Mar 2025): Consolidated revenue ₹7,562 Cr (up 254% YoY, driven by BSNL 4G/5G orders); Net profit ₹175 Cr (up from losses in FY24). ROE: 5.25% (low but improving); Debt/Equity: 0.15 (healthy balance sheet post-Tata infusion).
Q1 FY26 (Ended Jun 2025): Revenue ₹202 Cr (down 87% YoY due to lumpy BSNL project phasing and inventory buildup); Net loss ₹194 Cr (vs. ₹77 Cr profit YoY, hit by forex/impairment charges). EBITDA margin: 9.35%. Order book: ₹8,500 Cr (strong visibility for FY26).
Growth Drivers: Indigenous 4G stack (with C-DOT/TCS) powering 100K+ BSNL towers; 5G-ready exports eyed. PLI scheme benefits boosting local manufacturing
Oct 10-11, 2025: Showcased Ojas64 64T64R Massive MIMO radio (320W, fully indigenous) at India Mobile Congress (IMC) 2025, unveiled by Union Minister. Highlighted HD/4K streaming on feature phones without data (with Intel/HMD/Lava). X buzz on 4G stack rollout connecting 22M users, including 2M first-timers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.