Subex Q3 FY26: PAT turns positive, EBITDA margin expands to 13.1%

Revenue DeclinePat Growth 25pctEbitda Margin ExpansionExceptional ItemResults View source PDF Explain this filing

SUBEXLTD · price

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

+1.4%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+1.9% vs market

On the reaction day the stock moved 1.9 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

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Reaction day

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AI summary

Subex posted consolidated Q3 FY26 revenue of Rs 70.79 crore, up 2.7 percent from the prior quarter. Nine month revenue fell to Rs 206.1 crore from Rs 215 crore. Profit after tax turned around strongly, posting Rs 2.93 crore in Q3 and Rs 18.6 crore for nine months versus a loss of Rs 13.8 crore last year. Normalized EBITDA margin expanded to 13.1 percent from near zero. Results include a one-time Rs 4.5 crore charge for new labour codes.

Likely market impact

Strong profit recovery and improved margins are positive, but year-on-year revenue decline and one-time charges warrant cautious evaluation by investors.