Subex Limited has informed the Exchange about Investor Presentation
SUBEXLTD · price
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Subex Limited filed its Q1 FY26 investor presentation ahead of the earnings call on August 12, 2025. Revenue declined 6% quarter-on-quarter to ₹6,640 lakhs (from ₹7,060 lakhs in Q4 FY25), due to deal spillover and the elimination of non-telco revenues, though telco revenue was flat year-on-year. Normalised EBITDA fell to ₹428 lakhs from ₹526 lakhs, but normalised PBT jumped sharply to ₹1,471 lakhs (from ₹414 lakhs), aided by ~₹11.4 crore in IT refund interest and a ~₹2.6 crore lease termination gain. PAT improved to ₹1,281 lakhs from ₹66 lakhs, EPS stood at ₹0.23, and closing cash strengthened to ~₹135.8 crore. The company also won a tier-1 fraud management deal in the Middle East and renewed several managed services and licence contracts across Africa, Americas, and India.
The headline PBT and PAT jump is largely driven by one-time non-operating gains (tax refund and lease termination) rather than core business growth, while the underlying revenue and EBITDA decline is a soft spot for shareholders to watch. The new order wins and improved cash position are positives, but investors may focus on whether telco revenue can reaccelerate after the spillover dip.