| Revenue growth | 8.9% QoQ and 19.6% YoY growth in Q1FY27. |
|---|---|
| Margins | EBITDA margin improved 640bps QoQ to 21.2%. |
| Order book | New deals in Europe; renewals in Middle East, Africa, and APAC. |
| Demand visibility | Strong tailwinds in AI; almost all RFPs include AI cases. |
| Management confidence | High, citing operational efficiencies and order backlog execution. |
Growth
Q1FY27 revenue grew 8.9% QoQ and 19.6% YoY. Normalized EBITDA jumped 59.5% QoQ to ₹1,687 lakhs.
Outlook
Focus on AI-led fraud management and Business Assurance (BAFM) deals. Revenue model is ~70% annuity-based.
Risks
High concentration in EMEA region (58%) and reliance on telecom sector cycle.
Investor Presentation filed with BSE, 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 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.
Subex Earnings Call: Key Takeaways
Subex reported Q3 FY26 revenue of ₹70.79cr, up 2.7% sequentially. Management highlighted a shift toward AI-native operations with the successful commercialization of FraudZap and focus on normalized EBITDA/PAT profitability.