ALFA Finder| Revenue growth | 3% sequential growth in Q4; 6% YoY total income growth. |
|---|---|
| Margins | EBITDA margin 14.5%; PAT 13.6%. License margins 90%+; MS 50%+. |
| Order book | Order intake grew 24% in FY26; 35% higher than prior years. |
| Demand visibility | Strong pipeline and order backlog from recent 'blockbuster' deal wins. |
| Management confidence | Bullish on FY27; ship is 'out of the storm'. |
Growth
Q4FY26 revenue ₹72.96 Cr vs ₹70.79 Cr sequentially. FY26 order intake grew 24%; order intake up 35% YoY.
Outlook
Singular focus on growth for FY27; internal target 'war cry' of ₹100 Cr revenue per quarter.
Risks
Geopolitical instability in Middle East (31% revenue) causing contracting delays and potential hardware (GPU) constraints for AI 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.