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© Tejas Networks Limited 2026. All rights reserved. Q1FY27 – Earnings Call Presentation July 27, 2026
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© Tejas Networks Limited 2026. All rights reserved. Key Updates: Q1-FY27 Financials ▪ Q1FY27 Revenue: INR 402 Cr (333 Cr in Q4FY26) ▪ Q1FY27 Profit After Tax: INR -202 Cr (-211 Cr in Q4FY26) ▪ Order book at end of Q1: INR 1,529 Cr (1,514 Cr in Q4FY26) Q1 Revenue Mix (1) • India: 50% • International: 50% (1) Excludes other operating revenue Q1 Summary • Q1 revenues were driven by international shipments of 5G radios and domestic shipments of 100G/400G Optical and FTTx products • Registered our first commercial win for an end-to-end 5G network deployment in South America • Filed 46 patents in Q1 FY27 taking our cumulative global patent filing count to 722 Closing Order Book Mix • India: 93% • International: 7%
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© Tejas Networks Limited 2026. All rights reserved. Q1-FY27: Financial Update INR Cr Q1FY27 Q4FY26 Q1FY26 FY26 Revenue from Sales & Service 402 332 202 1,097 Other Operating Revenue 0 0 - 6 Revenue from Operations 402 333 202 1,103 EBIT(1) (194) (219) (232) (1,085) PBT (271) (281) (297) (1,354) PAT (202) (211) (194) (909) Inventory 2,358 2,438 2,537 2,438 Trade receivables (Net of Cust Advance) 2,232 1,905 2,969 1,905 Net Working Capital(2) 4,478 4,138 4,956 4,138 Cash and Cash Equivalents(3) 589 505 545 505 Net Debt 4,277 3,531 3,445 3,531 1EBIT = PBT – Other Income + Finance Cost including Net forex loss 2Net working capital taken as Current Assets (excluding Cash & Cash Equivalents) net of Current Liabilities (excluding Borrowi ngs and lease liabilities) 3Cash and cash equivalents includes investment in liquid mutual funds, deposits, other Bank balances ▪ Revenue growth of 21% vs Q4FY26 with a different product mix ▪ PBT of (271) Cr vs (281) Cr in Q4FY26 ▪ Inventory of INR 2,358 Cr during Q1FY27 (vs 2,438 Cr in Q4FY26) – Significant portion of inventory would be utilized in executing BSNL 4G Add-on order ▪ Net Trade Receivables at INR 2,232 Cr vs 1,905 Cr in Q4FY26 ▪ Net Working Capital increased mainly on account of increase in Net receivables and scheduled payouts ▪ Cash Position at end of Q1FY27 improved to INR 589 Cr ▪ Net Debt increase on account of increased operational and capex funding. Gross Debt of INR 4,866 Cr and cash of INR 589 Cr at end of Q1FY27 11 2 2 3 4 5 6 7 3 4 5 6 7
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© Tejas Networks Limited 2026. All rights reserved. Business Updates: Q1-FY27 • 5G RAN win in South America • Received purchase order to deliver end-to-end 5G network for an operator in South America • 5G mMIMO Radio Shipments • Completed manufacturing and supply of 5G mMIMO radios to a global customer, in partnership with NEC • Wireless R&D Collaboration • Selected by a Global Tier-1 telco for a joint R&D project in 5G • BSNL 4G Expansion • Awaiting expansion order for 26,000 additional 4G sites with Tejas RAN products on BSNL’s pan-India network against LOI received. WirelineWireless • Gigabit Fiber Broadband • Expanded FTTx footprint in Tier-1 Indian telco for their pan-India residential broadband rollout • 5G Backhaul and Enterprise Services • Supplied 100G/400G DWDM systems to two Tier-1 telcos to boost 5G backhaul, enterprise links, and hyperscaler connectivity • Utility Modernization • Selected as a vendor for the communication network modernization of a large power utility • Carrier of Carrier Network • Expansion order for 100G/400G Coherent DWDM equipment in Africa from a leading bandwidth wholesaler in Africa
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© Tejas Networks Limited 2026. All rights reserved. Awards & Recognition Other Highlights: Q1-FY27 Partnerships Patents and R&D • TJ1600-D3 DCI product selected as a global finalist (Top-3) at the prestigious 2026 Leading Lights awards • Won the BCIC (Bangalore Chamber of Industry and Commerce) award for Manufacturing Excellence • Signed MoUs with IIT- Gandhinagar and MahaIT to catalyze and nurture local innovation ecosystem in next- generation telecom • Filed 46 patents in Q1 FY27, bringing the cumulative patent count to 722 of which 380 have been granted • Successfully completed field and lab trials demonstrating coexistence of D2M with cellular (LTE/NR) networks as per ToR established by an inter- ministerial committee
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© Tejas Networks Limited 2026. All rights reserved. Key Business Drivers Wireless ▪ Expansion of 5G deployment in emerging markets – 5G rollouts to continue till 2030 ▪ Global 5G FWA subscriptions to triple and reach ~90 million by 2030 ▪ Expansion of existing 4G networks in India and emerging International markets Wireline ▪ Rapid growth in Data Centers and connectivity ▪ High bandwidth Enterprise connectivity ▪ Increase in Residential Broadband connectivity ▪ Backhaul connectivity for wireless network expansion ▪ Modernization of Utility networks - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 100G 200G 400G 600G 800G 1.2T/1.6T Bandwidth equivalent (Pbps) Source: Omdia © 2026 Omdia WDM line speeds – Metro, long-haul, & multi-host coherent Coherent lines (units) Bandwidth equivalent (Pbps) Total mobile connections by technology, Global (millions) Coherent WDM lines shipped by speed, Global (units)
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© Tejas Networks Limited 2026. All rights reserved. © Tejas Networks Limited 2024. All rights reserved. AI Impact: Evolving Network Architecture from Access to Core FTTx OTN 5G-A/6G RAN OTN/ETH Business Residence Industry Edge Compute Edge DC Coherent DWDM Central DC AI Training Workloads AI Training Workloads Central DC Access/Edge Optical Transport Data Center Interconnect (DCI) Access: AI traffic demands 20X capacity scaling Edge: AI inferencing for low-latency applications Generational build-outs and upgrades of Aggregation, Metro and Backbone networks High-bandwidth and low- latency interconnects between geographically dispersed AI clusters Tens of terabits required between AI data centers; links range from sub-150 km to up to 1000 km
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© Tejas Networks Limited 2026. All rights reserved. © Tejas Networks Limited 2024. All rights reserved. AI Impact: Enhanced 6G Portfolio for an AI Future 50G-PON 800G OTN 5G-A/6G RAN OTN/ETH Business Residence Industry Edge Compute Edge DC 400G/800G/1.2T DWDM Central DC AI Training Workloads AI Training Workloads Central DC Access/Edge Optical Transport Data Center Interconnect (DCI) Tejas Solutions for End-to-End Transformation AI-enabled Universal Domain Controller 256+ port 6G mMIMO AI-native BBU and Core 50G-PON OLTs and OTN CPEs upto 800G NG-Routers upto 14T Coherent optics upto 1.6T NG-DWDM and Purpose-built DCI OTS upto 1.6T/ch, C+L+S band
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© Tejas Networks Limited 2026. All rights reserved. Key Takeaways • Growing International traction for Wireless products • New 5G wins in International regions, multiple other engagements • Joint R&D partnership with Global tier-1 telco • BSNL 4G network performance is an endorsement of our product scalability and reliability • Steady growth in Wireline business • Driven by growth in Data Center Connectivity, Residential and Enterprise Broadband • Well positioned for an AI-driven future • Investments in 5G Advanced and 6G • Portfolio of products for building end-to-end high-bandwidth, low-latency networks required for AI infrastructure and user access
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