Outcome of Board Meeting held on May 12, 2026
SUBEXLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Subex Limited reported a strong turnaround in FY26 with consolidated net profit of ₹2,853 Lakhs versus a loss of ₹3,144 Lakhs in FY25, a swing of approximately ₹6,000 Lakhs. Revenue declined slightly to ₹27,906 Lakhs from ₹28,561 Lakhs (down ~2.3%). However, normalized EBITDA surged over 4x to ₹2,878 Lakhs from ₹645 Lakhs, with margins expanding from 2% to 10%. The standalone results showed revenue of ₹25,607 Lakhs and net profit of ₹586 Lakhs versus a loss of ₹4,978 Lakhs in the prior year. Exceptional items included impairment of investment in subsidiary (Subex Assurance LLP) of ₹2,847 Lakhs and statutory impact of new labour codes of ₹448 Lakhs (standalone) / ₹466 Lakhs (consolidated). The company reported positive operating cash flows of ₹7,068 Lakhs (standalone) and ₹7,151 Lakhs (consolidated). Auditors issued an unmodified opinion.
Subex swung from losses to profitability with EBITDA margin expanding 8 percentage points, indicating strong operational improvement. Revenue decline is a concern but the profitability turnaround and positive cash flows are positive for shareholders. The significant impairment in subsidiary may raise questions about asset quality.