ALFA Finder| 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
- ₹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.