ICRA reaffirms Tejas Networks at A1, outlook Stable
Tejas Networks (BSE: TEJASNET) said ICRA has reaffirmed its credit rating at A1 with a stable outlook, covering facilities or instruments of about ₹6,000 crore. The company is valued at about ₹7,346 crore.
What happened
Tejas Networks (BSE: TEJASNET) informed the stock exchanges on 28 October 2026 at 06:50 PM that ICRA has reaffirmed its credit rating at A1 with a stable outlook, covering facilities or instruments of about ₹6,000 crore.
Company snapshot
Tejas Networks is a small-cap company in the Telecommunication sector, with a market value of about ₹7,346 crore.
The stock last traded at ₹412.4, against a 52-week range of ₹294–₹644.8 (36.0% below the high).
Before this filing the shares had moved −21.0% over the month and −18.2% over three months. Average daily turnover over the last 20 sessions was about ₹55.65 crore.
Promoters held 53.28% at the end of Q2 FY27, down 0.05% points from the previous quarter. Foreign institutions owned 6.63% and domestic institutions 4.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 262 | -307.1 | -17.38 |
| Q3 FY26 | 307 | -196.6 | -11.09 |
| Q4 FY26 | 333 | -211.3 | -11.9 |
| Q1 FY27 | 402 | -202.2 | -11.37 |
| Q2 FY27 | 406 | -206.9 | -11.62 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Across 12 similar disclosures by other Telecommunication companies, shares moved +1.8% on average the next day and +2.8% over five days; 58% of them rose the next day.
Market-wide, 1,340 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Tejas Networks Ltd (BOM:540595) (Q2 2027) Earnings Call Highlights: Revenue Jumps 55% as BSNL ...
- IMC 2026: Tejas Networks and Qualcomm Demonstrate 6G ISAC Technology
- Tejas Networks Q2 loss narrows as revenue rises 55 per cent
- Tejas Networks Reports Q2 Revenue Of ₹4 Billion Versus ₹2.62 Billion YoY
- Tejas Networks Q2FY27 slides: losses narrow, order book surges 54%
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.