Volumes were strong in today’s session as 7 million shares changed hands, significantly higher than the 1-week and 1-month averages of 4 million and 1 million shares, respectively.
Last week, the company announced that it had signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. With today’s rally, the stock snapped a 4-day losing streak.
MIMO (Multiple-Input Multiple-Output) is a wireless technology that improves data speed and signal reliability by using multiple antennas on both the transmitter and receiver, rather than just one.
Tejas Networks is a leading manufacturer and supplier of a comprehensive mobility product suite of 4G and 5G Radio Access Network (RAN) offerings including 32TR and 64TR massive MIMO radios compliant with both 3GPP and O-RAN standards.
Sanjay Malik, Head of Strategy and Business, Tejas Networks said, “We are delighted to win this contract in partnership with NEC as we expand our business globally. We look forward to building on this momentum and replicating this success in other 4G/5G mobile networks in emerging and established markets.”
Tejas Network Q3 Snapshot
The domestic telecom equipment maker reported a comprehensive loss of Rs 196.55 billion for the October-December quarter, marking the second straight quarter of loss. The poor performance was largely due to a sharp decline in sales, including the suspension of purchase orders from state-owned Bharat Sanchar Nigam Ltd (BSNL). In the same quarter last year, the company had earned a profit of Rs 165.67 crore.
Consolidated revenue from operations fell sharply by around 88% year-on-year to Rs 307 billion in the December 2025 quarter, compared to around Rs 2,642 billion reported in the December 2024 quarter.
During the reported quarter, about 85% of the company’s revenue mix, excluding operating income, came from the domestic market, while the remaining 15% was contributed by international operations.
The company said it held inventory worth Rs 2,363 billion in the December 2025 quarter, which it expects to convert into finished goods and ships in the coming months. Cash balance during the quarter was Rs 537 crore.
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