MUMBAI: Tata Group-backed Tejas Networks' shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.
The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.
Tejas Networks, which designs, develops and sells telecom and networking equipment for high-speed communication networks, posted a net loss of Rs 211 crore in Q4 FY26, compared with a loss of Rs 72 crore in the same quarter last year.
The company had earlier posted losses of Rs 194 crore in Q1 FY26, Rs 307 crore in Q2 FY26, and Rs 197 crore in Q3 FY26, taking total FY26 losses to Rs 909 crore. However, the company had reported a profit of Rs 447 crore in FY25.