{"id":181746,"date":"2026-04-22T00:41:31","date_gmt":"2026-04-22T04:41:31","guid":{"rendered":"https:\/\/alphastreet.com\/india\/tejas-networks-ltd-tejasnet-q3-2026-earnings-call-transcript\/"},"modified":"2026-04-22T00:41:31","modified_gmt":"2026-04-22T04:41:31","slug":"tejas-networks-ltd-tejasnet-q3-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tejas-networks-ltd-tejasnet-q3-2026-earnings-call-transcript\/","title":{"rendered":"Tejas Networks Ltd (TEJASNET) Q3 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Tejas Networks Ltd (NSE: TEJASNET) Q3 2026 Earnings Call dated Jan. 09, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Arnob Roy<\/strong> \u2014 Executive Director and Chief Operating Officer<\/em><\/p>\n

Sumit Dhingra<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Sanjay Malik<\/strong> \u2014 Chief Strategy and Business Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Mohit Mishra<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Venkat Suresh Kumar<\/strong> \u2014 Analyst<\/em><\/p>\n

Rajakumar Vaidyanathan<\/strong> \u2014 Analyst<\/em><\/p>\n

Pratap Maliwal<\/strong> \u2014 Analyst<\/em><\/p>\n

Dhruv Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Hirenkumar Thakorlal Desai<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to The Tejas Networks Limited Q3FY26 earnings conference call hosted by ICICI Securities. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing STAR and then zero on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr.<\/p>\n

Mohit Mishra from ICICI Securities. Thank you. And over to you sir.<\/p>\n

Mohit Mishra<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you. Savik. Good evening everyone. Thank you for joining on the Q3FY26 results. Conference call of Tejas Network slimted. We have the management of Tejas Networks on this call represented by Mr. Armo Broi, Executive Director and COO. Mr. Sumit Zhingra, CFO, Dr. Kumar and Sebharajan CTO and Mr. Sanjay Malik, Chief Strategy and Business Officer. I would like to invite Mr. Arnab. Roy to initiate with opening remarks post which we will have a Q and A session. Thank you. And over to you sir.<\/p>\n

Arnob Roy<\/strong> \u2014 Executive Director and Chief Operating Officer<\/em><\/p>\n

Thank you. Welcome everyone to our quarterly earnings call. In Q3 we had a revenue of 307 crores and the quarter was. Revenue was driven largely by the sale of wireline products to India private operators and to international customers. We have multiple trials ongoing for our wireless products both in India and in international markets. Many of them started in Q2 and many of them have progressed to the commercial negotiation stage and are expected to close in the coming months. Before we go to an extended commentary on the quarter I would like to hand you over to our CFO Sumit to walk you through the details of our financial numbers.<\/p>\n

Sumit Dhingra<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Good evening everyone. Wish<\/p>\n

Mohit Mishra<\/strong> \u2014 Analyst<\/em><\/p>\n

You all a very happy new year. Our Results for the Quarter 3 FY26 were revenue of 307 crores compared to 262 crores of revenue in the previous quarter. This is a growth of about 17%. Profit after tax for the quarter was negative 197 crores and order book at the end of the quarter stood at 1329 crores compared to 1200 crores in the previous quarter. Revenue broadly comprises from Indian customers about 85% and international about 15%. The order book is predominantly Indian as of now with about 90% coming from the Indian customers.<\/p>\n

The profitability for the quarter, the EBIT for the quarter was 239 crores negative compared to 394 crores of negative EBIT in the previous quarter. I think expenses for this quarter mainly include provisions for past service costs related to gratuity and compensated absences on account of the new labor code that was notified recently and Warranty expenses of course 24 crores based on potential fall trades, repair requirements and the warranty claims. A bit on the balance sheet side. Our inventory for the quarter broadly was at the similar levels as compared to the previous quarter at trade receivables at the end of the quarter were 3,284 crores versus 4,026 crores in quarter two.<\/p>\n

Our net debt of the for the at the end of the quarter was 3349 crores versus 3738 crores in quarter two. This has come down mainly due to lower working capital get partly offset by the CAPEX during the quarter and the gross debt stood at 3,885 crores. I think with this I’ll hand it over to ARNAB to take it forward.<\/p>\n

Arnob Roy<\/strong> \u2014 Executive Director and Chief Operating Officer<\/em><\/p>\n

Yeah thanks. So over to some of the key updates for the quarter as far as our for our wireless business. While we have not closed some of the fields as of yet, but we are seeing an increased number of international engagements for our 4G 5G RAN equipment including multiple ongoing POCs. We find many of them have moved to the commercial negotiation stage as I mentioned that we expect some of them to close over the next few months. We have been selected as a 5G ramp supplier on a section of the Delhi Mumbai Railway corridor for a pilot on the Towers project that you are all familiar with.<\/p>\n

We have to do with the network for enhancing the safety of our railway operations. We have multiple wins for our private 5G deployments in India for applications in ports and mines and finally for the big BSML 4G add on PO for the 18,000 sites that we have been working on for quite some time. We have a delay in the receipt of this poor and from what we know from what we hear is that those are still in the works and that expansion order will come to us at the appropriate time for BSNL for our wireless business.<\/p>\n

As I said the quarter was driven largely by shipments for our wireline products. We won additional packages for Bharatnet and we have become one of the largest suppliers of IPM pillars routers by the number of packages and we won the maximum number of packages that have been announced so far. We received expansion orders from leading telcos in India for both our WDM as well as our GPON equipment. And then a couple of significant international wins have been winning of WDM backbone network for the build out order from a broadband ISP in Africa and network transformation project for our MPLS products for a power sector company in Southeast Asia.<\/p>\n

Another significant one was the first win in a sovereign data center networking application in India for our switching products. This is the first time we want a networking application inside a data center where most of our data center business has been through the interconnect. So from the point of view we look at it as a significant first win. Now the other updates for the quarter is that our converged broadband product won the Excellence award for the most innovative product in the conference in a great show in Dubai.<\/p>\n

We received 8485 crores as PLI incentives for Q4 and cumulatively 397 crores of PLI when they filed 26 patents in Q3. Cumulatively we have filed 613 global patents of which 370 have been granted. In summary, our long term outlook remains positive. There are strong drivers for our business caused by rapid transitions, technology transitions as well as the demand. The data growth which is driven largely a lot of it is driven by AI applications which are driving a massive growth in traffic in the networks.<\/p>\n

There’s a lot of we see a lot of expansion of 4G networks and new deployments of 5G networks in emerging markets and which are driving most of our engagements and POCs that that I referred to. Investments in AI data centers are driving huge connectivity requirements which are driving business for our optical products. We see increased traction of our new products in India and in international markets. The wireless products are starting to lead our international engagements in Europe, Latin America and Africa.<\/p>\n

We are seeing increasing adoption of wireline products in private telcos in India and apart from our direct engagements, we are also increasing increasing engagements with international customers for our wireless products through partnerships with NEC and Rakuten and strategic wins in Europe, Africa and Asia for optical products gives us a good momentum for expanding our international business. So with that summary I’d like to open the floor for questions.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We will now begin with the question and answer session. Anyone who wishes to ask a question may press Star and then one on their Touchstone phone. If you’d like to remove your request, please press Star and two participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles again to register for a Question, please. Press star and then one.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Our first question comes from the line of Rajakumar Vaidyanathan from RK Invest. Please go ahead. Hello. Yes sir, please go ahead.<\/p>\n

Venkat Suresh Kumar<\/strong><\/p>\n

Yeah. Yes, furthermore, go ahead please. Hello.<\/p>\n

Operator<\/strong><\/p>\n

Raju Kumar, your line is unmuted. Please proceed with your question.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Can you hear me?<\/p>\n

Operator<\/strong><\/p>\n

Yes sir, we can hear you now.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yeah. Sir, my question is what is the path to profitability? Because you have been reporting significant losses for the last two quarters and even if I see your last five years bottom line numbers. Yeah. You still not made money in the last cumulatively. So what is the path to profitability? If you could just elaborate on that.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, I think as you can see from our, you know, financials over the year we’ve made significant investments in growing our business. Right from, right from investments in our products in R and D and you know, developing, expanding our portfolio with a large set of wireless products. Right. So all of that investments as well as our investments in supply chain and sales have been with the intent and with the expectation and anticipation of growth of our business internationally and the, the path to, and, and we expect our business to scale.<\/p>\n

As, you know, last couple of years a lot of focus has gone into developing the product and execution of the BSNL4G project. And with that we have scaled up our systems and processes in our country, in our company. So what we expect is on the back of the new products that have come and the success that we’ve had. You know, it’s like this is the kind of the time when we are kind of, I would say, refreshing our overall business in terms of, with our new set of products going to international market.<\/p>\n

And the path to profitability will be when that business really scales up both internationally as well as in India, led by our wireless products as well as our wireline products and getting to the business size and to the critical business size which would be able to support the investments that we have made in our business. So that is really the path, I mean, just growing our business and, and we see the opportunity for doing that over a period of time. Right. I mean it hasn’t happened as fast as we would all expect, but that was a period of execution of the large project and it’s like kind of, I would say replanning our business for the next few years.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yeah. Sir, if you could also indicate a timeline, what is it like two years, three years? When do you think you will, you will reach a positive bottom line? Because what we want to know is. In the last five years you have not made any, you know, Positive bottom line, cumulatively. So are you still in an investment phase or. The investment phase is over and now the focus is on improving the profitability. So where exactly Tejas is standing?<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah. So. We are in a business, we are in the technology business. So continued investments never stops. Right. I mean the technology is a treadmill and it keeps on evolving. So we cannot stop our continued investments in R and D. I mean, the growth in investments will be of course be tempered based on the business that we, that we realize. But if you’re not going to reduce our investments over here because of the nature of business that we are in. But I think when we talk about when we achieve that business growth, I think that’s going to happen over a period of time.<\/p>\n

I think all efforts and investments in growing the business are happening and it will be a period of time. But all of us are keen to get to that stage as quickly as we can and we believe all of that will happen. So that’s the reason why we continue to invest and focus in what we are doing.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay. I think. Yeah. So the second question with regards to your inventory and the orders in hand, I mean your inventory is almost twice the amount of orders in hand. So I just want to know what is the idea behind holding so much of inventory? And also, if you can also comment on when do you think that the data will be brought to the normal zone.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah. So as we have spoken earlier, a lot of this inventory has actually been procured for executing on the PSLL 4G add on order. Right. For which our partner TCS has received an APO and they’ve also communicated the LOI to us for that project. And so a lot of this procurement really happened for that. That’s why we are sitting on this large inventory. But we know, since we know that this order is going to come, as you, as you can see in so many announcements from the SML as well as the ministry.<\/p>\n

So we have to hold on to the inventory with the interest of being able to execute on as quickly as we can once we receive the po. So this inventory will deplete very rapidly once we start receiving. Once we receive the PO and start executing on that project.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yeah. So the worry is you have a very long cycle because you’re holding inventory for so many quarters and then after that you bill and then the government takes their own time to pay you. So you have a very long working capital cycle. So. So I mean, you know, by design, I mean pageants not currently the way you guys are executing it. I mean you know, the shareholders will never see a return, you know, in the near future. That’s,<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

That’s how it’s been, you know, I mean that’s how what I as an investor I can make out. So correct me if I’m wrong.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

I think the current inventory obviously as we mentioned is in context of the additional order which does not expected orders get reflected in the order book. And, and while this was expected, I think there have been delays in sort of getting the purchase orders and hence, hence this has led to the accumulation of, of this inventory. If you see the, the years prior over the last year or the last few quarters, there was a corresponding execution that was going on for the BSNL project and the, hence the inventory levels continue to be high.<\/p>\n

Now to your point on whether the working capital cycles or the inventory cycles are high. Yes, they’re currently high for this specific reason I think as earlier pointed out, I think it is important from various point of view that we have increased share from private and international customers where the overall working capital cycle may be better and that that would lead to improvement in working capital in general. And I think we’re also taking steps to continue to improve on the working capital or the inventory management in particular to to get this done.<\/p>\n

So it’s an, it’s a focus area for us as well and we continue to work on this.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

Okay sir, but I think it’s a, it’s a big concern. I mean I’m not sure whether the articulating.<\/p>\n

Operator<\/strong><\/p>\n

Yeah. Mr. Rajakumar, for any follow up questions maybe. No, I’m not asking a follow<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Up question. This just a comment. So let me just give me one minute, I will just complete. So. So the concern is, you know, this is kind of happening for many quarters and you know, I don’t know what model Tejas has it because this model has to earn money for the shareholders. At the end of the day and. You are executing such a big project and still the bottom line is bleeding and that is really concern sir. So I hope the shareholders are also taken into consideration. Their interests are also taken into consideration.<\/p>\n

When you execute such big projects. That’s my comments. Thank you. Thank you so much for the opportunity.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Thanks.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Ladies and gentlemen, in order to ensure that the management is able to address questions from all the participants in the conference, please restrict yourselves to two questions each. You may rejoin the queue for follow up questions. Our next question comes from the line of Pranav Kshatriya from mk. Please go ahead.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yeah, thanks for the opportunity. I have a couple of Questions. Firstly you talked about, you know, in the first quarter of this financial year that you would sort of be looking to reach where you were in FY24 and that is what you would be looking to reach. So that number and if I compare nine month number, I think there is a fair bit of gaps. So how should one look at it? I understand that telus networks business tend to be very lumpy but do you think, you know it should be, it should be possible to reach that kind of level in this year or you know that can possibly reach in the next year?<\/p>\n

That’s my first question. Second question is that you know there is a good increase in the number of patents filed and you know, would like to know a little bit more about, you know, in which area are these patents more, you know, are we spending more on the wireless product side or more on the wireline product side? So Those are my two questions. Thank you.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, so I’ll take the first question and the second part, I’ll hand it over to our CTO, Dr. Kumar Shorajan. So FY24 levels this year as you can see our expectation was the execution for this year was the execution of the add on project from bsnl. And while that happens that we build on our international business for wireless, I think what happened since that order got delayed and we have built the inventory for it. So that’s the reason why you would see that we have not been able to reach the level of FY24 yet.<\/p>\n

And, and in this year I don’t think we’ll be able to execute the project also because even if when the add on order comes it takes time to mail in and ship and all this kind of thing. So this, this project, whenever that comes is going to be executed in the next financial year. So that delay has really affected our business this year and you know the transition that our business is going through in terms of really transitioning to a lot more of the Indian private telco as well as the international operators.<\/p>\n

I think that thing as that thing is going well and you know we expect to see and only thing is that this takes time. So that’s the reason why we are seeing a longer period of time for closing on all those opportunities. But you know on the positive side we see all those opportunities through our engagements and we see we are in a market which is growing the customer demand, network build outs, capacity build outs, I mean all of that, I mean we are in a globally growing market including India. So we do see the opportunity of getting to that growth level at some point of time.<\/p>\n

And I think we have from a investment point of view and the readiness point of view, we are kind of there for leveraging every opportunity that comes our way. So that’s the first part. And regarding the patents, I like. Doctor Want to go.<\/p>\n

Sumit Dhingra<\/strong><\/p>\n

So while we file patents in both. Wireline and wireless areas, the majority of patents are related to 5G advanced and 6G technologies. Specifically even within that field, these are what are called standards related patents. So we closely follow the upcoming standards. In 3GPP for 5G advanced and 6G. Currently like release 19 is being discussed in 3GPP. And in anticipation of what’s going to get standardized, we file patent applications. So the majority of these patents are in that category. Some of the 5G advanced and 6G.<\/p>\n

Related patents that we’re paying for.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Sure. Thank you so much. This is useful. I just have one follow up on, on the first<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Part of the question. So how would you put, you know. The performance of Tejas Networks, you know, for X of that BSNL contract? Because I understand that, you know, that was one of the main thing which is getting derailed. But overall, if you look at, you. Know, whatever plan you had laid out for FY25 for non BSNL part of the business, especially given, you know, there is a strong rollout which is happening on the data center where your products could be useful. How do you see that panning out for this year and also going forward?<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, so apart from, I would say the BSNR project which we were planning to execute this year, the other parts, there were other two major initiatives or major targets for the business. One was growing our wireline business to, you know, the Indian private telcos as well as internationally. So that transition is happening. Well, we are seeing our all the lot of the business growth this year. Whatever the business that we had this year has been driven by mainly our wireline products and we see good adoption of that and good growth of that.<\/p>\n

So that part of the business is going very well. The other part of the plan was during the year. You know, get a. Lot more, you know, get ready for a lot more international business, especially for wireless, by getting into the trials and POCs and all those kind of things and get to some business closures during the year or early next year because this is a long cycle and we are a new player in this market. So even that part of the thing I would say is going very well because also if you see, based on the credibility of our performance in bsnl, that’s where we got A lot of international partnerships going with Mecn Rakuten and so on.<\/p>\n

So those opportunities came to us because of the credibility we built over there. So yes, I understand that, you know, the BSNI project last year was a huge sharp spike in our business, resulted in a lot of revenues and required a lot of investments from us that gave us the platform to really mature our products, building products and go to the, take it to the international market. So that part of the story has played out pretty well. I think we are quite satisfied with that. The part that has not paid up to expectation was the expansion and all those kind of things.<\/p>\n

Obviously we didn’t want to happen. We know that’s going to happen. That’s why we have all the inventory. And also that is a part that got bit delayed and that’s kind of showing in our, you know, in our financials. But once we get past that phase, I think we expect the rest of the business plan to play out as we were hoping to do and we are planning to do it is just that the transition phase has been taking a longer period of time than we expected.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay, thank you so much for your answers and wish you all the very best. Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Your next question comes from the line of Karan Raja from 54 Ventures. Please go ahead.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

Yeah, hi, good evening and thank you for the update. I noticed that it’s been about 3\/4 since Mr. Anand Atreya resigned from his post as CEO. So I wanted to understand if there is any urgency in filling that CEO spot and what we can expect from. The board and coming out with the. Resolution with regard to that.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, I think the board is working actively on the, on appointing a CEO going forward. And you know, so that’s, that’s what the board is working on. And I think at some point of time soon there will be a CEO appointment for the company. But independent of that, I think none of not our business goes on as planned and our regular business operations are not really affected without the filling of that position. So I think both will take its time and is on the project and will be appointing a CEO at some point of time.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

So can we expect that in this financial year or is this something that would be in the next financial year?<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, it’s not in my place to answer that question right now, but obviously as you can understand that there would be an active project, active work going on in, in filling this position. So I’m not aware of the exact timeline.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

Understood. The second question that I had was with regard to the delay in the OG expansion. Couple of calls we had. Know that this delay. Is this delay attributed to the customer side? Is there thing with the system integrators or something to do with TCs? If you can give us some color on what this delay is attributed to because obviously answering the previous question you did mention it was a big disappointment for you all, is when that this order has not come into execution in this financial year.<\/p>\n

So what exactly is this delay attributed to?<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, it is mainly to do with the operational readiness of DFNL for rolling out the network. You know, they also have to be prepared with their sites with site readiness and all those kind of things. So that’s what is basically holding up the rollout of this project. And as you know in multiple forums, both BSNL management as well as you know, the DOT or the ministry has commented that the expansion is going to happen, is going to happen very soon kind of a thing. So the only reason right now is the readiness of BSNL to take the equipment and deploy it in the network.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

Understood. So is it safe to assume that there is no issue with our products or any integration efforts by our system integrators, which is tcs?<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, those are not the constraints in this project.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

Understood. I think one other question that I had, because we had spoken about some of the other wins, you know, the 5G private 5G across mines and some other locations and also the data center opportunity. Can you please share some light on the market opportunity in these two. What is our right to win there and what kind of market share are we hoping to achieve in the next maybe three years?<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, so it’s hard to answer the, the market share kind of thing, but we see these new application wins are something very encouraging because we’re seeing a lot of this private 5G wins for deployments in mines and ports and you know, some campuses and all those kind of things. So. And having a few set of reference wins in India can help us in, you know, in marketing and selling this globally as well. So our, our right to win is the product set that we have. You know, as you know our current BSN product is a 4G upgradable to 5G.<\/p>\n

So both our review as well as radios are software and hardware upgradable to 5G services. So it’s basically the same set of products which are getting deployed for 5G applications because you know, the bands in which they are getting deployed are same or similar to what we have right now. So with small adaptations we are able to meet those bands in which the private 5G rollouts are happening. So that’s one part of it. I talked about the data center application also, as you know, we have our enterprise switching portfolio of products and which we have scaled up a lot to larger products for data center switching as well.<\/p>\n

And even though that was not an initial target segment, but now with our new set of products and with those data center opportunities opening up, we saw a good reference win for the networking inside a data center while the interconnect of data centers, that’s the market we have been, we are playing all along. And our optical products have a very strong play in that kind of applications. This is the first time we have been inside a data center with our switching products and that’s very encouraging sign for us.<\/p>\n

So we are going to try to replicate this win this solution in many other, in as many applications that we. Can that are accessible to us.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

Understood, Mr. Roy, but I will have to push the envelope here because obviously internally you all would have certain targets that, you know, you all would want to hit with, you know, private 5G and with data centers. So you know, if you can share some light as to what even the estimates are because obviously you all have had a few deployments or would know how many such accounts can be achieved in a given year. So something that gives us, you know, at least the direction in which the company is going or what we’re chasing, where we’re fighting, you know, at least some, something that gives us a sense of, you know, what are the internal metrics based on which we can judge sales.<\/p>\n

Arnob Roy<\/strong><\/p>\n

So as I said, we don’t have any specific target in terms of how many wins and all those kind of things. And in, in most of our, you know, every, every product line that we have, right. I mean, we go by the, the engagement that we have, the customer opportunities that we see, you know, and where, where we find opportunities and how we can pitch our products and solutions. And we set targets more from overall business growth and business win kind of a thing, not specific to any particular application.<\/p>\n

Right. And these are new markets that we’re getting into. I mean, as you know, our wireless play has been mainly in the macro area for mobile operators. And that’s where the larger deals are. The private 5G applications are many in number. Either of them are relatively small deployment because you can understand the territory or the area over which it is deployed. Those are fairly small. Right. So you know, so the larger deals are of course for the macro. But the good thing is that with this, this opens up a new Application for us.<\/p>\n

Right. The private 5G space. So from that point of view it gives us a mileage credibility and visibility in this space. So that’s probably the largest benefit. And as I said, as of now we don’t have any, any target which says that we have to achieve this kind of numbers for this using this particular application or the other one. I mean these are initial wins. And that’s the reason why we’d like to kind of share it with you all saying that these are new applications because on an ongoing basis, you know, the standard applications of mobility or FWA for wireless or for broadband or data center interconnect or you know, Metro aggregation, those are standard applications which are ongoing and which are driving our business.<\/p>\n

We thought that these are new significant events that have happened that can open up opportunities. But right now at this time we don’t have the opportunity to really size up and set targets in this area.<\/p>\n

Rajakumar Vaidyanathan<\/strong><\/p>\n

I understand. I would hope that you know, over the next perhaps couple of quarters once there’s more clarity on this, we do have something more concrete. Obviously a big risk factor for our company is the heavy dependence on a single anchor customer and that anchor customer being a government sector undertaking. So you know, obviously I would expect that you know, in a couple of quarters when we have a little more experience in these realms we would have more realistic targets or you know, expectations of our market.<\/p>\n

Thank you so much for taking my questions. I’ll go back in the line.<\/p>\n

Pratap Maliwal<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question comes from the line of Pratap Maliwal from Mount Intra Finance. Please go ahead.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Hello. Hi. Am I audible?<\/p>\n

Pratap Maliwal<\/strong><\/p>\n

Yes, Pratap, you’re on.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yeah. Hi sir, thanks for taking my questions. I just had a question regarding the Bharatnet order that we called out that we won about 7 out of the 12 packages announced so far. And I believe the company’s notification said that it will be deploying over 50,000 plus routers. So I just wanted to understand what would be the approximate order size of the Bharat cumulatively and over what duration do we see this being implemented?<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Sorry, what was the last sentence? Yeah, so okay, so this particular order. Is for phase three BharatNet phase three and for all the routing products I would say implementation period is over next two years.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yes.<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Yeah. Order size, I think it’s again because it is multiple circles coming from multiple sis. So it’s a large order size but difficult to. Difficult to keep the numbers.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

I understand the point. So but see if we called out that you know, we’ll be deploying over 50,000 plus routers. So. And<\/p>\n

Sanjay Malik<\/strong><\/p>\n

I mean, you know that<\/p>\n

Mohit Mishra<\/strong><\/p>\n

At what rate we’ll be supplying. Surely you’ll have some idea. So if you can just give us some ballpark figure, not an exact figure, but just some ballpark idea where the order size could be so that we have more clarity of how much business we can actually expect to come in. You know how the order book can build up.<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Yeah. So actually there are few of this which. Which we have received orders and then. Few which are in the negotiations still. But I think from. Because we are working with multiple sis. It is not from one particular person. So. Yeah, I’m sorry that it would be. Difficult to share the numbers there on the deal size. Normally we don’t do customer wise deal size announcements.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay, so does the audible currently involve any orders from Bharatnet?<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Yes, the current order book which. Which was shared by our CFO Sumit. That includes Bharatnet orders also.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

And we expect a significant ramp up or is it like we’ve got the initial orders and we expect a large ramp up or just some color around that, even if it’s purely qualitative, just so we can understand the direction.<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Okay, so we got the orders for. About seven circles as we. Or seven packages as we mentioned. And a few more are still expected.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay. And just<\/p>\n

Arnob Roy<\/strong><\/p>\n

So wanted to add. I also wanted to add that this is at the. And this is connecting the network at the block level. And so it is. This is forming the backbone of the BharatNet Phase 3 network. So this is the last mile of BharatNet which is to be built. And that will be largely be built using gpon equipment and all. So that rollout, you know, some parts will happen and some parts will be happening. So there’s a lot of. We build out that in BharatNet Phase 3, which will be connecting the last mine, the villages, basically.<\/p>\n

So. But that will be the. Another part of the project. And this is mainly for building the. The backbone connecting the. The blocks.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay, understood. And just one final clarification regarding our international expansion. You said that you know, we are in the final stages of some commercial negotiations. So is this including the ones the deal that we’re maybe pursuing through our partnership with Rakuten or is it more in the nature of G2G deals, you know, just some color around that. What if possible then what would be the expected size of the deal?<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Okay, so on that again, as Arnab. Was mentioning that previous quarters we were involved in some of the trials which. Which were happening. And those are Moving towards commercial negotiations. And the deals are basically the mixed kind of deals. There are some of the deals where we are positioning our. Our equipment directly. There are few of the few of. The deals where it is in relationship. With either NEC or with Rakutan. So it’s kind of combination of I would say all the three kind of solutions which we, which we have closures should be.<\/p>\n

It should be happening in coming months. Again varying kind of deal sizes, varying. Kind of number of sites, multiband single band. Those kind of variations are there. But yeah, so that, that, that’s expected over in. In coming weeks.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay. And would we be considered for any network expansion from Vodafone side? Because I believe that there was a news article where an official from V phone had said that they are trialing Tejas equipment. So is there any news on that side?<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Yeah, so this was basically comment from Vodafone Idea Management which, which was there. Yes, we. We have been trialing out. But again the further, further news on that we will. We’ll be able to give only after discussions with them.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Okay, sure. So thank you for taking my question.<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Thank you. Thank you very much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question comes from the line of Dhruv Shah from Ambika Fincap. Please go ahead.<\/p>\n

Dhruv Shah<\/strong><\/p>\n

Hi sir. Sir, is it possible to quantify the opportunity size of this POCs or the commercial discussions.<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Overall? See as I said that yeah it. From geography perspective these are some of the. Some of the deals which we are. Working out across Asia Pacific, then in Latin America, in Africa and in Europe also. So varying size varies Again different stages. Of negotiations which are there. And I. Would say significant number of sites also but difficult to quantify the number as of now.<\/p>\n

Dhruv Shah<\/strong><\/p>\n

But do you expect anything to come from. From next year onwards? Is it possible?<\/p>\n

Sanjay Malik<\/strong><\/p>\n

As I said, yeah, coming in. It would be expected in coming months because it’s. What happens is that in all these discussions there is number one from the. Proof of concept itself. It has to integrate with the existing environment. We have to show all the parameters, those kind of things. And even from negotiation perspective it is. It’s always depends upon their deployment plan. So when exactly it would get closed. I think again difficult to say that. But expected expected in coming months.<\/p>\n

Dhruv Shah<\/strong><\/p>\n

Thank you. Sir. One question for Sumit. On a current cost run rate. Have we thought that in how many quarters Runway do we have before we actually start thinking of fundraise considering our current cost base is almost. You know we are making almost 150 crores of EBITDA loss. So have we thought of Any fundraise do we need or you think that we have sufficient cash and we will not need any further fundraiser?<\/p>\n

Mohit Mishra<\/strong><\/p>\n

I think the evaluation of capital structure is a sort of an ongoing exercise. And right now there is no proposal of fundraise that we’ve discussed or that is in discussion at the board level.<\/p>\n

Dhruv Shah<\/strong><\/p>\n

And there’s no discussion on cost cutting as well.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Now we’ve taken a lot of cost, I<\/p>\n

Sanjay Malik<\/strong><\/p>\n

Won’t say cost cutting but a<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Lot of cost optimization cost rationalization efforts that are, that have happened through the year and we’ve also actively looked at optimizing or planning the capex procurement in line with the product development. And that’s an ongoing effort. A lot of it is has happened through the course of this year. But at the same time, I think as Arnab also alluded earlier,<\/p>\n

Sanjay Malik<\/strong><\/p>\n

This<\/p>\n

Mohit Mishra<\/strong><\/p>\n

A lot of this cost is on account of investments that we’re doing in this product development and we’ve come to a certain stage over the last two, three years in terms<\/p>\n

Hirenkumar Thakorlal Desai<\/strong><\/p>\n

Of making this investment.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

So while we continue to focus on investments but<\/p>\n

Hirenkumar Thakorlal Desai<\/strong><\/p>\n

At the same time<\/p>\n

Mohit Mishra<\/strong><\/p>\n

A lot more, with a lot more prudence and a lot more optimization in terms of how we go about it.<\/p>\n

Dhruv Shah<\/strong><\/p>\n

Okay, because if I do a rough math on our reverse calculation basis we X of let’s assume BSNL 4G whenever it comes we need almost a 3500 crore annual turnover X of BSNL just to have a EBIT breakeven. If my calculation serves me right, on a higher gross margin. So that’s why. My question pertains that do we need a fundraise? Because you know our order book stands at 1300x of BSNL. We are nowhere close to that 3000. Figure for an EBIT breakeven.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yes, I think I mentioned this in one of the earlier calls as well. I think that it’s a function of. Yes, you rightly mentioned revenue but also to some extent margin expansion that with the international business in particular we would expect to see and that would essentially that would lead to the corresponding revenue. Requirements for profitability to come down.<\/p>\n

Dhruv Shah<\/strong><\/p>\n

Okay. Okay, great. Thank you so much. All the best.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question comes from the line of Hiren Kumar Takurlal Desai and investor. Please go ahead.<\/p>\n

Hirenkumar Thakorlal Desai<\/strong><\/p>\n

Yeah, my question is mainly for sumit a few clarifications on the income statement. So I see depreciation and amortization as a Fairly sizable expense. 104 crore in current quarter. Is it correct to assume that most of this is actually amortization on the R and D Capitalization.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Yes, a significant portion is on account of amortization.<\/p>\n

Hirenkumar Thakorlal Desai<\/strong><\/p>\n

And one more question is on the other expenses line. So that number also seems pretty significant. So can you, can you throw some light on some kind of a breakup?<\/p>\n

Mohit Mishra<\/strong><\/p>\n

So see I think we mentioned over the last couple of quarters there have been certain one offs that, that have come in particularly related to certain repair related provisions etc. Which get reflected in the warranty provision which becomes part of this other expenses. And, and then there also related to you know, part of the, the inventory or the consumables provisions that we had to do the previous quarters. Some of that is coming under other expenses and hence you see a bit of higher number there.<\/p>\n

Hirenkumar Thakorlal Desai<\/strong><\/p>\n

Okay, these numbers are pretty high even during let’s say year ended. I mean FY25 and I mean it has been there for many, many quarters. So I mean do we have some, some site, some sometime in future where these numbers can come down to some reasonable numbers and where this can be.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

So I think one just want to clarify on that FY25 numbers being high. I think it was also on account of the higher revenue at that time. So one part of this other, other expenses is related to shipment logistics related expenses and, and travel related expenses. Some of these are variable in nature which were higher during the last year as we are going through the execution of the contract, the BSN and 4G contract.<\/p>\n

Hirenkumar Thakorlal Desai<\/strong><\/p>\n

Okay, the second question is on the, on the side of gross margins for wireless PoCs that we are engaging. So for example, as you mentioned, this quarter was largely wireline and I can, I can observe that gross margins are pretty good compared to what they were during the wireless business. So whatever we are trying in international markets or Indian private markets, can I expect that the margins on those, whenever they materialize will be. Quite a bit. Better than what we had seen in BSNL business.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, hi Hiran, this is Arno. Yeah, as you know that BSML deal and the India market because the sizes and the ARPU challenges, it’s a very, very competitive market. So the price levels in India are quite different and quite challenging as compared to international markets. So yes, in the international markets wherever we are engaging and wherever we’re in commercial discussions, the prices are at a much different level and the margins are also at a different level.<\/p>\n

Pratap Maliwal<\/strong><\/p>\n

Okay. Yeah, thanks. Yeah, that answers my questions.<\/p>\n

Arnob Roy<\/strong><\/p>\n

So we have time for one last question.<\/p>\n

Operator<\/strong><\/p>\n

Sure. We’ll take the last question coming from the line of Venkat Suresh Kumar from Buram’s Financials. Please go ahead.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Good evening sir. Sir. I am the investor of Tejas from the three years. Sorry two years actually continue three quarters is loss making only for at the time of BSML 4G. You will. See good profit. In future. That type of business will come or it will be continued to losses in so many quarters. I have purchased shares around 1300 rupees. I’m low. I lose lot of money at the investor point of time. But I am not asking but can you can consider shareholders? You can. Yeah, tell me.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, yeah, I. I understand, I understand understand your question and see as I said BSNL project, that one big thing that we did while it was a, you know, big spike in your revenue and you and I also heard a comment about BSNL being an anchor customer. I don’t see BSNL being an anchor customer for the company. I would say the BSNL project was an anchor project to really develop and mature our products and scale our operations to a large extent and build our. And being a really good platform for building our wireless business.<\/p>\n

And this is the business that we also want to. We see a lot of international opportunities for and we want to take it out there. And as you can see that we have made some progress. Of course the proof of the pudding is when we actually convert into business. But the way I would look at it is that in this, in the phase of this transition our, our strategy was, you know, while building on the BSML business and the add on order and so on, we use this year and do the transition and be able to build a lot of wireless business globally.<\/p>\n

Right. So from that point of view I think we have made a lot of progress. Yes, this transition is taking a lot of time and in between, in the meantime our financials are not showing the way we would all like it to be because you know, the delays of some of the add on orders and all. But you know, we don’t see that BSNL and BSNL projects are the lifeline or the anchor for Tejas. Right. I mean they were a platform, they were an excellent platform for us and we are very, you know, for grateful for having got that opportunity.<\/p>\n

But I think now the plan for the company is really to take this global to get it to private telcos, to international operators and so on. And we are on the way to doing that and we are all very bullish about reaching them there at some point of time. And there’s a reason why, you know, we continue to invest, we are head down and basically try to execute and take our business forward in all that direction. So with that I’D like to thank you all for attending the call.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

One, one question, last question. So actually you 5G upgraded in DSNL contract that size of order hues are small and in question. Your data centers business you can do single comp. Your company doing wonderful. Your stages products you do for Valiant communication cyber security and data products you are marketing or your own products you are tied up with Valiant cyber security data data center products you are one or valiant products and BSNL 5G. How much size of orders upgraded? Please tell me.<\/p>\n

Arnob Roy<\/strong><\/p>\n

So. Okay, okay. So first of all answer the Valiant question. So the. The data center switching products are. Are our own. Whenever you see we are selling with Valiant products, those are mainly in the utility networks where we are doing the optical fiber, the communication part of the optical fiber. And they are on what is called the teleprotection application. So both of these two come together. Our products and variant products come together for building solutions for sorry<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Cyber security products. Valiant cyber security force you are marketing.<\/p>\n

Arnob Roy<\/strong><\/p>\n

No, no, no. We don’t market the second products mainly the teleproduction products. So this combination works for the more for the utility market for smart grids and all those kind of things. The other part about VSML 5G there are two parts to BSNL’s 5G. One part is the upgrade of selective sites to 5G which is part of the existing tender. And we are. We have done trials and there are some ongoing trials as well so that we don’t have visibility when that upgrade will happen on the selected site.<\/p>\n

Yes, that’s what I was talking about. That there is a part called the 5G upgrade of the DSML network of a select number of sites and we do not know. And that’s going to be an upgrade on our existing equipment. We do not know the sizing or the timing of that kind of thing, how many sites they’re going to upgrade. But is also looking to build the nationwide 5G network at some point of time. And you know when that comes, you know and there will be fresh bidding and a new opportunity for us. And those will be another nationwide build out when that happens.<\/p>\n

Right. So<\/p>\n

Mohit Mishra<\/strong><\/p>\n

This is the 4G size of business in 5G upgraded, not a little.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Any nationwide rollout will be of the size. Right. And it depends on as you know, the large project had 100,000 sites, 1 lakh site. So it depends on the number of sites they’re going to roll out 5G on and you can estimate what would the size. So if there’s a national nationwide rollout of so many Sites that. Yeah, the project size will be of that magnitude, right. It could be more or it could be less depending on. You<\/p>\n

Mohit Mishra<\/strong><\/p>\n

You take seriously try to develop of business shareholder. Actually you see shareholders also concerns you. Of course. You know, that<\/p>\n

Arnob Roy<\/strong><\/p>\n

Is we. We are all here because of our shareholders. We really appreciate your support for the company. Really. Thank you for being with us. I understand this is a. This is a difficult time because of our business and the stock price and all. But all I can say is that we are bullish about our business. We are doing everything that we can to execute on this and we are confident that we get there. It’s a transition period which is taking longer than we would have liked.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Thank you very much.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Thank you very much. Thanks everyone for attending the call and look to forward to interacting with all of you at the end of next quarter. Thank you.<\/p>\n

Venkat Suresh Kumar<\/strong><\/p>\n

You can expect next quarter positive soon. Hello? Hello.<\/p>\n

Operator<\/strong><\/p>\n

Sorry to interrupt, sir. The line for the management has been dropped. Please stay connected while I reconnect the. Line for the management. Ladies and gentlemen, we have the line for the management reconnected. Yes, so please go ahead.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Yeah, no, I. As I said, I made my conclude. I made my concluding remarks and you know, thanking all the shareholders.<\/p>\n

Mohit Mishra<\/strong><\/p>\n

Next quarter will be coming positive.<\/p>\n

Arnob Roy<\/strong><\/p>\n

It’s, you know, it’s. We don’t give guidance on future performance, unfortunately. I’m only giving you the outlook, the guidance for our future over a period of time. But quarter to quarter guidance we do not give. We are not in a position to give right now. Okay. So thank you once again to everyone for attending the call and look forward to interacting with all of you at the end of next quarter.<\/p>\n

Operator<\/strong><\/p>\n

Thank you very much on behalf of ICICI securities limited. That concludes this conference call. Thank you all for joining us and. You may now disconnect your lines. Thank you.<\/p>\n

Arnob Roy<\/strong><\/p>\n

Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Tejas Networks Ltd (NSE: TEJASNET) Q3 2026 Earnings Call dated Jan. 09, 2026 Corporate Participants: Arnob Roy \u2014 Executive Director and Chief Operating Officer Sumit Dhingra \u2014 Chief Financial Officer Sanjay Malik \u2014 Chief Strategy […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-181746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":109778,"url":"https:\/\/alphastreet.com\/india\/infosys-limited-infy-q4-2021-earnings-call\/","url_meta":{"origin":181746,"position":0},"title":"Infosys Limited (INFY) Q4 2021 Earnings Call","author":"Sahil Anand","date":"April 21, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) Q4 2021 earnings call dated\u00a0Apr. 14, 2021 Corporate Participants: Sandeep Mahindroo\u00a0\u2014\u00a0Vice President, Financial Controller & Head \u2013 Investor Relations Salil Parekh\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Pravin Rao\u00a0\u2014\u00a0Chief Operating Officer and Whole-time Director Nilanjan Roy\u00a0\u2014\u00a0Chief Financial Officer Analysts: Ankur Rudra\u00a0\u2014\u00a0JPMorgan \u2014 Analyst Diviya Nagarajan\u00a0\u2014\u00a0UBS \u2014 Analyst\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143985,"url":"https:\/\/alphastreet.com\/india\/tejas-networks-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":181746,"position":1},"title":"Tejas Networks Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"April 24, 2023","format":false,"excerpt":"https:\/\/youtu.be\/yodVrGFRPJo Key highlights from Tejas Networks Ltd (TEJASNET) Q4 FY23 Earnings Concall Management Update: [00:02:44] TEJASNET's wireline business saw strong momentum, with the company winning a pan-India router tender for around INR696 crores. [00:05:35] The company has continued to hire throughout the financial year, increasing its headcount by 41% YonY.\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142292,"url":"https:\/\/alphastreet.com\/india\/kpr-mill-ltd-kprmill-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":181746,"position":2},"title":"KPR MILL LTD (KPRMILL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 21, 2023","format":false,"excerpt":"KPR MILL LTD (NSE:KPRMILL) Q3 FY23 Earnings Concall dated Feb. 7, 2023. Corporate Participants: P L Murugappan\u00a0--\u00a0Chief Financial Officer Analysts: Abhishek Nigam\u00a0--\u00a0B&K SECURITIES -- Analyst Kapil Jagasia\u00a0--\u00a0Nuvama -- Analyst Muthu Kumar\u00a0--\u00a0Fidelity Ventures -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Presentation: Operator Ladies and gentlemen, good day and welcome to the KPR Mill\u2026","rel":"","context":"In "Consumer"","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136228,"url":"https:\/\/alphastreet.com\/india\/tanla-platforms-limited-tanla-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":181746,"position":3},"title":"Tanla Platforms Limited (TANLA) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 21, 2022","format":false,"excerpt":"Tanla Platforms Limited\u00a0(NSE:TANLA) Q2 FY23 Earnings Concall dated Oct. 21, 2022 Corporate Participants: Ritu Mehta -- Head of Investor Relations Uday Kumar Reddy -- Founder, Chairman and Chief Executive Officer Deepak Goyal -- Executive Director and Chief Business Officer Aravind Viswanathan -- Chief Financial officer Analysts: Anil Nahata -- Individual\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179860,"url":"https:\/\/alphastreet.com\/india\/godrej-agrovet-ltd-godrejagro-q3-2026-earnings-call-transcript\/","url_meta":{"origin":181746,"position":4},"title":"GODREJ AGROVET LTD (GODREJAGRO) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 6, 2026","format":false,"excerpt":"GODREJ AGROVET LTD (NSE: GODREJAGRO) Q3 2026 Earnings Call dated Feb. 04, 2026 Corporate Participants: Nadir Godrej \u2014 Chairman and Non-executive Director Analysts: Shivansh Singh \u2014 Analyst Presentation: operator Ladies and gentlemen, good day and welcome to Godrej Aggravate Limited Q3FY26 earnings conference call hosted by. Equerious securities Private Limited.\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140378,"url":"https:\/\/alphastreet.com\/india\/tejas-networks-ltd-tejasnet-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":181746,"position":5},"title":"Tejas Networks Ltd (TEJASNET) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 7, 2023","format":false,"excerpt":"Tejas Networks Ltd (NSE:TEJASNET) Q3 FY23 Earnings Concall dated Feb. 06, 2023. 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