In Machine readable format as required in email dated May 14, 2026
SUBEXLTD · price
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Subex Limited reported a strong turnaround for FY2026 with consolidated net profit of ₹2,853 Lakhs compared to a net loss of ₹3,144 Lakhs in the prior year. Consolidated revenue stood at ₹27,906 Lakhs (vs ₹28,561 Lakhs). Q4 FY26 standalone net profit was ₹604 Lakhs (vs loss of ₹2,192 Lakhs in Q4 FY25). Exceptional items included a ₹2,847 Lakhs impairment of investment in subsidiary Subex Assurance LLP and ₹448 Lakhs impact from new Indian labour codes. Trade receivable impairment was reversed by ₹1,986 Lakhs (net), boosting standalone profit. The Board re-appointed Mr. Rupinder Goel as Independent Director for a second 3-year term from August 8, 2026, subject to shareholder approval. Several board composition changes occurred during the year including resignations and new appointments of independent directors.
Subex returned to profitability in FY2026 after heavy losses in FY2025, driven by impairment reversals, LLP profit contributions, and cost controls. The large subsidiary impairment is a one-time charge and does not affect cash. The stock may see positive reaction given the profit turnaround and EPS improvement to ₹0.51 per share.