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Subex Limited Q4 FY25 earnings call summary

NSE: SUBEXLTD · BSE: 532348

Earnings call of 3 May 2025, summarised by AI from the filing.

Subex Q4 FY25 revenue ₹706 million, normalized PAT positive at ₹66 million, but ₹16.89 cr impairment on Sectrio receivables.

Key takeaways

  1. Guidance No formal guidance; aspiration to grow top line and achieve 10-17% operating margin long term.
  2. Impairment ₹16.89 cr impairment on disputed trade receivables specific to Sectrio.
  3. Risk Tariffs could reduce telco network investment, delaying spending further.

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.