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Subex Limited Q1 FY26 results deck summary

NSE: SUBEXLTD · BSE: 532348

Results deck of 11 Aug 2025, summarised by AI from the filing.

Q1 FY26 revenue declined 6% to ₹6,640 lakhs; normalised PAT rose to ₹1,281 lakhs from ₹66 lakhs in Q4 FY25.

Key takeaways

  1. Revenue Q1 FY26 revenue ₹6,640 lakhs, declined 6% from ₹7,060 lakhs in Q4 FY25, due to deal spillover and elimination of non-telco revenues.
  2. PAT Normalised PAT increased to ₹1,281 lakhs from ₹66 lakhs in Q4 FY25; EPS ₹0.23.
  3. PBT Normalised PBT improved to ₹1,471 lakhs from ₹414 lakhs in Q4 FY25, driven by non-operating income including ~₹11.4 cr from IT refund interest.
  4. Cash Closing cash stood at ₹13.582 Lakhs vs ₹10.475 Lakhs of Q4 FY25; tax refund of ₹34 crores received in the current quarter.
  5. Order intake Won a new deal from a tier-1 operator in Middle East for HyperSense Fraud management; renewed contracts in Africa, Americas, India and North Africa.

Original filing on BSE

Subex Limited Q1 FY27 results

As filed: Revenue ₹79.5 cr (+20% year on year), EBITDA ₹15.0 cr (+275% year on year), PAT ₹14.2 cr (+9% year on year), EBITDA margin 18.9% (+1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹73.0 cr (+3% year on year), EBITDA ₹9.2 cr, PAT ₹9.9 cr, EBITDA margin 12.6% (+1,000 bps). Score 46 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 59% of PBT. Share price after the results: −8.8% in 30 days (Nifty 500: −0.8%).
  • Q3 FY26: Revenue ₹70.8 cr (−3% year on year), EBITDA ₹9.0 cr (+201% year on year), PAT ₹2.9 cr, EBITDA margin 12.8% (+866 bps). Score 50 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was well above it. EBITDA margin rose 866 bps year on year. Other income 74% of PBT. Tax rate 49%. Share price after the results: −21.0% in 30 days (Nifty 500: −7.8%).
  • Q2 FY26: Revenue ₹69.0 cr (−7% year on year), EBITDA ₹6.0 cr (+100% year on year), PAT ₹3.0 cr (+200% year on year), EBITDA margin 8.7% (+464 bps). Score 35 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin rose 464 bps year on year. Other income 50% of PBT. Profit fell 77% from last quarter. Share price after the results: −3.6% in 30 days (Nifty 500: −0.2%).
  • Q1 FY26: Revenue ₹66.0 cr (−3% year on year), EBITDA ₹4.0 cr, PAT ₹13.0 cr, EBITDA margin 6.1% (+1,000 bps). Score 38 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 107% of PBT. Tax rate 13%. Revenue fell 7% from last quarter. Share price after the results: +5.7% in 30 days (Nifty 500: +1.9%).
  • Q4 FY25: Revenue ₹71.0 cr (−15% year on year), EBITDA −₹13.0 cr (−300% year on year), PAT −₹18.0 cr, EBITDA margin -18.3% (−1,000 bps). Score 24 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin fell 1000 bps year on year. Share price after the results: +25.9% in 28 days (Nifty 500: +3.6%).
  • Q3 FY25: Revenue ₹73.0 cr (−11% year on year), EBITDA ₹3.0 cr (+50% year on year), PAT −₹3.0 cr, EBITDA margin 4.1% (+167 bps). Score 31 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin rose 167 bps year on year. Profit fell 400% from last quarter.
  • Q2 FY25: Revenue ₹74.0 cr (−4% year on year), EBITDA ₹3.0 cr, PAT ₹1.0 cr, EBITDA margin 4.1% (+925 bps). Score 32 of 100, Below trend. EBITDA margin rose 925 bps year on year. Other income 33% of PBT. Tax rate 67%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Subex Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.