Subex Limited — Others, 02-05-2025: Change in Auditors

Subex Limited has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated revenue was ₹70.6 Cr in Q4FY25, slightly down from ₹72.7 Cr in Q3FY25. Normalized EBITDA rose to ₹5.3 Cr from ₹4 Cr, and normalized profit before tax improved to ₹4.1 Cr from ₹1.2 Cr. However, exceptional items and impairment of ₹18.3 Cr led to a pre-tax loss of ₹14.1 Cr for the quarter. FY25 revenue was ₹285.6 Cr with normalized EBITDA at ₹6.5 Cr and a loss before tax of ₹19.8 Cr. The core telecom business posted flat revenue but positive EBITDA margin at 4%, up from -4%, supported by cost optimization. New appointments include V. Sreedharan & Associates as Secretarial Auditor and M.S.K.C & Associates as Statutory Auditors for five years, pending shareholder approval. The focus remains on telecom AI growth and profitability.