Summary:
Tejas Networks shares rallied 10% after securing a ₹1,537 crore LoI from TCS for BSNL’s 4G network across 18,685 sites. The order is nearly equal to the company’s ₹1,529 crore Q1 FY27 order book, improving medium-term revenue visibility. However, continued losses and high debt remain key risks for investors.
Shares of Tejas Networks Ltd surged 10% in Friday’s trade after the telecom equipment maker announced that it had received a Letter of Intent (LoI) from Tata Consultancy Services (TCS) for the supply of RAN equipment, accessories and installation materials for 18,685 sites under BSNL’s 4G mobile network. The order is valued at ₹1,537 crore. Following the announcement, the stock climbed to an intraday high of ₹562.15, marking a sharp reaction to the order win. The development is viewed as positive for the company from a short-to-medium-term perspective.
Why Tejas Networks Shares Surged After the Order Win
The key trigger for the Tejas networks stock’s rally was the ₹1,537 crore order from TCS, which covers RAN equipment, accessories and installation materials for 18,685 BSNL 4G sites. Tejas Networks said that the detailed Purchase Order for the same would be issued by TCS in due course.
The order is significant when compared with the company’s existing order book. At the end of Q1 FY27, Tejas Networks had an order book of ₹1,529 crore, with 93% from India and 7% from international markets. Therefore, the new order is almost equivalent to the entire Q1 FY27 closing order book, providing improved medium-term revenue visibility.
The company had also indicated in its investor presentation that it was awaiting an expansion order covering 26,000 additional 4G sites using its RAN products on BSNL’s pan-India network, against the earlier LoI received.
Tejas Networks Q1 FY27 Financial Performance
Tejas Networks reported a consolidated net loss of ₹202.24 crore in Q1 FY27, compared with a net loss of ₹193.87 crore in Q1 FY26. Despite the higher loss, consolidated revenue from operations increased 99.10% YoY to ₹402.16 crore, compared with ₹201.98 crore in the year-ago quarter.
Q1 revenue was supported by international shipments of 5G radios and domestic shipments of 100G/400G optical and FTTx products. The company also recorded its first commercial win for an end-to-end 5G network deployment in South America during the quarter.
At the operating level, EBITDA loss narrowed to ₹100 crore from ₹136 crore a year earlier. However, the company continued to carry substantial debt, with net debt of ₹4,277 crore and gross debt of ₹4,866 crore.
Business Outlook and Order Visibility
Tejas Networks develops high-performance and cost-competitive telecom products for telecom service providers, internet service providers, utilities, defence companies and government entities. Its products support voice, data and video traffic across fixed-line, mobile and broadband networks.
The company highlighted growing demand for its fibre broadband, packet and optical transmission products from leading carriers and utilities in India and international markets, particularly with increasing data-centre deployments.
Tejas Networks Share Price Performance
Before the latest rally, Tejas Networks shares closed at ₹511.15 on August 27, gaining 1.21%. The stock had risen 13% year-to-date, while it declined 0.5% over one month and gained 17% over six months.
The stock’s 52-week high stands at ₹644.75, recorded on June 19, 2026, while its 52-week low is ₹294, recorded on January 27, 2026. As of August 27, the company had a market capitalisation of ₹9,088.24 crore.
