Delay in receipt of PO, shipments of BSNL 4G sites dent Tejas Networks’ Q1FY26 financials

Mumbai: After Tata Consultancy Services (TCS) reported a slump in its revenue due to ramp down in state-run Bharat Sanchar Nigam Ltd’s 4G project, the IT services leader’s equipment supplier Tejas Networks also reported a sharp impact, pulling its stock down 10% intraday on Tuesday.

The top management of Tejas Networks, a Tata Group company, said on an earnings call late Monday that while an add-on purchase order was signed with BSNL for an additional 18,000 4G sites, the purchase order didn’t come through in the April-June quarter, dragging its revenue down 89% quarter-on-quarter and widening its net loss to ₹194 crore.