| Revenue growth | 8.9% QoQ and 19.6% YoY growth in Q1FY27. |
|---|---|
| Margins | EBITDA margin improved 640bps QoQ to 21.2%. |
| Order book | New deals in Europe; renewals in Middle East, Africa, and APAC. |
| Demand visibility | Strong tailwinds in AI; almost all RFPs include AI cases. |
| Management confidence | High, citing operational efficiencies and order backlog execution. |
Growth
Q1FY27 revenue grew 8.9% QoQ and 19.6% YoY. Normalized EBITDA jumped 59.5% QoQ to ₹1,687 lakhs.
Outlook
Focus on AI-led fraud management and Business Assurance (BAFM) deals. Revenue model is ~70% annuity-based.
Risks
High concentration in EMEA region (58%) and reliance on telecom sector cycle.
Investor Presentation filed with BSE, NSE: SUBEXLTD. Summary written with AI assistance from the document.
Subex Ltd: key numbers
- Share price
- ₹19.15
- Market cap
- ₹1,076 Cr
- Revenue (annual)
- ₹279.1 Cr
- Net profit (annual)
- ₹28.53 Cr
- P/E (TTM)
- 36.0×Sector 21.8×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 0.60%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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