Volumes were strong in today’s session as 7 crore shares changed hands, significantly higher than the 1 week and 1 month average of 4 crore and 1 crore shares, respectively.
Last week, the company announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. With today’s rise, the stock has snapped a 4-day losing streak.
MIMO (Multiple-Input Multiple-Output) is a wireless technology that boosts data speed and signal reliability by using multiple antennas at both the transmitter and receiver, rather than just one.
Tejas Networks is a leading manufacturer and supplier of a versatile mobility product suite comprising 4G and 5G radio access network (RAN) offerings, including high-capacity 32TR and 64TR massive MIMO radios that comply to both 3GPP and O-RAN standards.
Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks said, “We are delighted to win this deal in partnership with NEC as we expand our business internationally. We are looking forward to building on this momentum and replicate this success in other 4G/5G mobile networks across emerging and established markets.”
Tejas Networks Q3 snapshot
The domestic telecom equipment maker reported a consolidated loss of Rs 196.55 crore for the October–December quarter, marking its second consecutive quarterly loss. The weak performance was largely driven by a sharp decline in sales, including the deferment of purchase orders from state-owned Bharat Sanchar Nigam Limited (BSNL). In the same quarter last year, the company had posted a profit of Rs 165.67 crore.
Consolidated revenue from operations fell sharply by about 88% year-on-year to Rs 307 crore in the December 2025 quarter, compared with around Rs 2,642 crore reported in the December 2024 quarter.
During the reported quarter, around 85% of the company’s revenue mix, excluding operating revenue, came from the domestic market, while the remaining 15% was contributed by international operations.
The company said it maintained inventory worth Rs 2,363 crore as of the December 2025 quarter, which it expects to convert into finished goods and ship over the coming months. Cash balances stood at Rs 537 crore during the quarter.
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