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© Tejas Networks Limited 2025. All rights reserved. Q2FY26 – Earnings Call Presentation October 17, 2025
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© Tejas Networks Limited 2025. All rights reserved. Safe Harbor Statement Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the industry in which the Company operates. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.
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© Tejas Networks Limited 2025. All rights reserved. Key Updates: Q2-FY26 Financials ▪ Q2FY 26 Net Revenue: INR 262 Cr (202 Cr in Q1FY26) ▪ Q2FY 26 Profit After Tax: INR -307 Cr (-194 Cr in Q1FY26) ▪ (Including inventory/warranty related provisions of 190 Cr – see comment below ) ▪ Order book at end of Q1: INR 1,204 Cr (1,241 Cr in Q1FY26) Q2 Revenue Mix (1) • India: 79% • International: 21% (1) Excludes other operating revenue Q2 Summary • Delay in receipt of BSNL 4G add-on PO of 1,526 Cr for shipment of 18k sites • Quarter revenue led by key shipments to India Pvt and International customers • Expenses for the quarter include provision due to manufacturing process losses, as well as additional provisions for warranty and inventory obsolescence (~190 Cr) Closing Order Book Mix • India: 93% • International: 7%
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© Tejas Networks Limited 2025. All rights reserved. Key Highlights: Q2-FY26 Wireless Business ▪ Inauguration of BSNL’s nationwide 4G service by Hon’ble PM; 97,500 cell towers running on our 4G RAN products ▪ Launched our 64T64R massive MIMO radio at Indian Mobile Congress by Hon’ble MOC ▪ Successfully completed our first private 5G RAN deployment under BSNL’s CNPN (Captive Non-Public Network) program in a coal mine in MP ▪ Successfully completed a 4G/5G RAN POC in a mobile operator’s network in South Asia ▪ Ongoing POCs and engagements with multiple domestic and international operators for 4G and 5G radios ▪ Tejas SDR chip (SL-3000) has been integrated into multiple smart phones, feature phones and laptops – a boost for the D2M application Wireline Business ▪ Won Bharatnet Phase-III orders from multiple SI partners for IP/MPLS routers : supplier of largest number of packages ▪ Launched our state-of-art 1.2Tbps DWDM transmission product at Indian Mobile Congress ▪ Multiple 400G DWDM wins and deployments in India, Europe, Cambodia, Ghana, Nigeria ▪ First 10G-CPON solution deployment (OLT, ONT) in Europe ▪ Continued to receive expansion orders from private telcos in India