| Revenue growth | ₹70.79cr vs ₹68.9cr QoQ (2.7% growth). |
|---|---|
| Margins | Normalized EBITDA margin at 13.1%; PAT margin at 10.8%. |
| Order book | Recent ₹140cr+ in orders; strong renewals and new logo additions. |
| Demand visibility | Healthy pipeline and order book from North America and Europe. |
| Management confidence | High confidence in 'steady path towards sustainable recovery' and fundamentals. |
Growth
Revenue grew 2.7% QoQ to ₹70.79cr. Normalized EBITDA rose to ₹9.2cr from ₹7.3cr; Normalized PAT increased to ₹7.68cr.
Outlook
Targeting double-digit top-line growth and '10 million dollar quarters' via MS expansion, GenAI-led products, and tuck-in acquisitions.
Risks
Geopolitical exposure in Iran/Venezuela causing revenue delays; long implementation cycles (3 quarters) for traditional RAFM products.
Earnings Call filed with NSE, NSE: SUBEXLTD. Summary written with AI assistance from the document.
Subex Ltd: key numbers
- Share price
- ₹21.41
- Market cap
- ₹1,203 Cr
- Revenue (annual)
- ₹279.1 Cr
- Net profit (annual)
- ₹28.53 Cr
- P/E (TTM)
- 40.2×Sector 22.1×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 0.60%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Subex Ltd
All →Subex Employee Stock Options
Subex Ltd has granted 27,50,000 stock options under its ESOP 2025 plan to eligible employees at an exercise price of Rs. 9 per option.
Subex Bags ₹47.5 Cr Order from A major mobile network operator in the Asia Pacific region
Subex won a US$5 million (₹47.50 Crore) PEM contract from a major APAC telco. The 5-year deployment expands Subex's partner ecosystem management footprint.
- Value
- ₹47.50 Cr
- From
- A major mobile network operator in the Asia Pacific region (unnamed)
- Execution
- 5 years (with option to extend for additional 2 years)
Subex Annual General Meeting
Subex shareholders approved a new ESOP scheme and related resolutions via postal ballot, as disclosed in the voting results and Scrutinizer's Report.
Subex Investor Presentation: Key Takeaways
Subex reported strong Q1FY27 performance with revenue reaching ₹7,945 lakhs, a 19.6% YoY increase, driven by operational efficiencies and order execution.
Subex Q1 FY27 Results: Net Profit ₹14.2 Cr, Up 10.9% YoY
Subex Ltd reported revenue from operations of ₹79.5 Cr (+19.7% YoY) and net profit of ₹14.2 Cr (+10.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹14.2 Cr · +10.9% YoY
Subex Earnings Call: Key Takeaways
Subex Limited completed its reset phase in Q4FY26, reporting ₹72.96 Cr revenue and 13.6% PAT margin. Focus shifts to FY27 growth through AI-driven products and telco adjacencies like data centers.