Subex Q2 FY26 Results: H1 PAT swings to Rs 1,567L profit vs loss, revenue dips 5% YoY

Revenue DeclineEbitda Margin ExpansionExceptional ItemAuditor Mid Year ChangeResults View source PDF Explain this filing

SUBEXLTD · price

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

Price reactionminutes from the announcement price · days from the prior close

+9.7%Reaction day

₹12.38

prior close

₹12.54

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+10.0% vs market

On the reaction day the stock moved 10.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+5.7

10m

+4.1

15m

+5.5

30m

+8.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+9.7-0.3+10.0

Next day

+4.8+0.7+4.1

+4.0+0.6+3.5

+4.6+0.5+4.1

+5.0+1.1+3.9

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15d

-3.5-2.2-1.2

-3.1-4.9+1.9

-15.7-7.5-8.2

-12.0-4.8-7.2

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Subex H1 FY26 consolidated revenue at Rs 13,531L, down 5% from Rs 14,232L YoY. Q2 revenue Rs 6,891L vs Rs 7,416L. Despite dip, PAT swung to Rs 1,567L profit from Rs 1,059L loss last year, helped by Rs 422L exceptional gain on business unit sale. Normalised EBITDA improved to Rs 1,158L from negative Rs 278L. Standalone Q2 showed Rs 49L loss. 6,00,000 stock options granted to staff. Auditor changed mid-year. Two independent directors resigned.

Likely market impact

Revenue dip concerns but PAT turnaround and EBITDA improvement signal recovery; stock option dilution and director exits are overhangs.