NEW DELHI, April 16 -- Tata group-backed Tejas Networks has acknowledged that its financial performance was "quite disappointing" in FY26 as the tapering off of the 4G project at state-owned Bharat Sanchar Nigam Ltd (BSNL), along with large order delays, led to a sharp revenue shortfall and pushed the company into losses.

The telecom gear maker reported a net loss of Rs.909 crore for FY26, compared with a Rs.447 crore profit in the previous year, while revenue from operations fell by over eight times to Rs.1,103 crore. The company announced its March quarter and full-year earnings after market hours on Wednesday.

Shares of Tejas Networks slumped nearly 6% in early deals on Thursday to Rs.423.50 apiece, reflecting investor concerns over ...