Subex Limited Announces Q4 FY26 Consolidated Results; Profit Jumps to ₹2,853 Cr
Subex Limited, a telecom AI company, announced its consolidated financial results for the quarter and year ended March 31, 2026. The results highlight a significant turnaround in profitability, with the consolidated profit after tax for the fiscal year ending March 31, 2026, reported at ₹2,853 million, compared to a loss of ₹3,144 million in the previous year.During the quarter ended March 31, 2026, the consolidated revenue reached ₹7,296 million, marking a sequential increase from ₹7,079 million in the quarter ended December 31, 2025.
Financial Performance Snapshot
The financial data underscores a strong recovery trajectory for the group. For the quarter ended March 31, 2026, the consolidated profit after tax stood at ₹993 million, up from ₹293 million in the preceding quarter.The comparative performance figures demonstrate the scale of the annual turnaround:
| Particulars | Quarter ended March 31, 2026 (₹ in lakhs) | Quarter ended December 31, 2025 (₹ in lakhs) |
|---|---|---|
| Revenue | 7,296 | 7,079 |
| Normalised EBITDA | 1,058 | 909 |
| Profit before tax | 1,296 | 1,026 |
| Profit after tax | 993 | 293 |
Looking at the full fiscal year comparison, the company saw substantial growth in key metrics:
| Particulars | Year ended March 31, 2026 (₹ in lakhs) | Year ended March 31, 2025 (₹ in lakhs) |
|---|---|---|
| Revenue | 27,906 | 28,561 |
| Normalised EBITDA | 2,878 | 645 |
| Profit/(loss) before tax | 4,215 | (2,404) |
| Profit/(loss) after tax | 2,853 | (3,144) |
Consolidated Financial Statements (₹ in Lakhs)
The audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were made available, providing detailed insights into the group’s operational and financial position.Consolidated Balance Sheet (As at March 31, 2026 vs March 31, 2025):
| Particulars | March 31, 2026 (₹ in lakhs) | March 31, 2025 (₹ in lakhs) |
|---|---|---|
| TOTAL ASSETS | 55,190 | 48,696 |
| Non-current assets | ||
| Property, plant and equipment | 498 | 444 |
| Right-of-use assets | 2,703 | 1,640 |
| Goodwill on consolidation | 19,614 | 19,614 |
| Current assets | ||
| Investments | 9,351 | 7,762 |
| Cash and cash equivalents | 8,218 | 5,064 |
| Total assets | 55,190 | 48,696 |
| EQUITY AND LIABILITIES | ||
| Total equity | 34,281 | 30,448 |
| Total liabilities | 20,909 | 18,248 |
| Total equity and liabilities | 55,190 | 48,696 |
Operational and Governance Updates
The Board of Directors held a meeting on May 12, 2026. During this meeting, the Board reviewed and approved the audited standalone and consolidated financial results for the year ended March 31, 2026.Furthermore, the Board of Directors approved the re-appointment of Mr. Rupinder Goel as an Independent Director. This appointment is for a second term of three years, effective from August 8, 2026, and continuing up to August 7, 2029, subject to shareholder approval.
Corporate Outlook
Addressing the results, Nisha Dutt, Managing Director and CEO of Subex, highlighted the company's strong performance and future focus. She stated that the company exited the year with an improved profitability profile and a stronger balance sheet."We remain focused on telco, where we are trusted and well known. We continue to invest in our core strengths while expanding with AI-led offerings like FraudZap TM," Dutt stated.
Subex, which specializes in telecom AI, has established a global footprint, reporting over 300 installations across more than 90 countries.
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Note: All financial figures are presented in millions (lakhs) unless otherwise specified.
SUBEXLTD Stock Price Movement
As of 12:35 PM, shares of Subex Limited are slipping by 2.38% in live trading, currently hovering at ₹10.65. The stock is seeing notable interest, trading on a volume of 425,995 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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