Outcome of Board meeting dated May 12, 2026
SUBEXLTD · price
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Subex Ltd reported strong profitability turnaround for FY26 with consolidated PAT of ₹2,853 lakhs compared to a loss of ₹3,144 lakhs in FY25, a swing of nearly ₹6,000 lakhs. Revenue declined slightly to ₹27,906 lakhs from ₹28,561 lakhs (YoY), but normalized EBITDA surged over 4x to ₹2,878 lakhs with margin expanding from 2% to 10%. Q4 PAT stood at ₹993 lakhs. The company recorded exceptional items including ₹2,847 lakhs impairment provision for Subex Assurance LLP subsidiary and ₹466 lakhs impact from new labour codes, partially offset by ₹422 lakhs profit on sale of IDCentral business unit. Board also approved re-appointment of Mr. Rupinder Goel as Independent Director for another 3-year term.
The stock is likely to react positively given the exceptional turnaround from losses to profits, strong EBITDA margin expansion, and positive operating cash flow of ₹7,151 lakhs. Revenue decline remains a watchpoint despite operational improvements.