Investor Presentation for Q4 FY26

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

SUBEXLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.5%1-day move

₹10.95

prior close

₹11.40

base price

After-mkt

timing

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-0.3-1.5-0.6-3.2-0.5-4.6-7.0-5.4-6.3+0.6-1.4+0.7+23.3—

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AI summary

Subex Limited reported Q4FY26 revenue of ₹7,296 lakhs, up 3% QoQ. Normalized EBITDA surged 16.4% QoQ to ₹1,058 lakhs, with EBITDA margin expanding sharply to 14.5% from 7.5% a year ago (705bps YoY improvement). Normalized PAT jumped 36.8% QoQ to ₹1,151 lakhs, driven by operational performance. Cash reserves stood at ₹17,526 lakhs as of March 31, 2026. The company highlighted strong AI adoption momentum, a high-annuity revenue model (~70% recurring), and new client wins across North Africa, North America, Middle East, and APAC regions. EPS for FY26 came in at ₹0.51 versus a loss of ₹0.57 in FY25.

Likely market impact

Sharp margin expansion and strong profitability signal operational leverage is working; the company's AI pivot and annuity-heavy revenue model are positive structural indicators for long-term investors.