ALFA Finder| 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
- ₹17.04
- Market cap
- ₹957.6 Cr
- Revenue (annual)
- ₹279.1 Cr
- Net profit (annual)
- ₹28.53 Cr
- P/E (TTM)
- 23.1×Sector 23.6×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 1.08%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Subex Ltd
All →Subex Q2 FY27 Results: Net Profit ₹14.3 Cr, Up 393.1% YoY
Subex Ltd reported revenue from operations of ₹85.6 Cr (+24.2% YoY) and net profit of ₹14.3 Cr (+393.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹14.3 Cr · +393.1% YoY
Subex Bags ₹6.84 Cr Order from Tier-1 African Telecom Operator
Subex secured a USD 0.72 million (~₹6.84 Cr) AI Agents contract with a Tier-1 African telecom operator. The one-year deployment covers fraud investigation and revenue assurance capabilities.
- Value
- ₹6.84 Cr
- From
- Tier-1 African Telecom Operator (unnamed)
- Execution
- 1 year
Subex Board Meeting Date
Subex Ltd scheduled its board meeting for November 3, 2026, to consider Q2 FY27 financial results. An earnings call is set for November 4, 2026, at 11:00 AM IST.
Subex Bags ₹6.72 Cr Order from A leading African mobile operator
Subex won a 3-year, USD 0.7 million contract from a leading African operator for HyperSense Fraud Management deployment. It extends Subex's presence in Africa.
- Value
- ₹6.72 Cr
- From
- A leading African mobile operator (unnamed)
- Execution
- 3 years
Subex Other Announcement
The company submitted its quarterly shareholding pattern statement for the period ending September 30, 2026, as required under SEBI regulations.
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.