Subex Limited — PPTs, 11-08-2025: Investor Presentation

Here's a summary of the attached document:

**1. Financial Highlights:**

Revenue declined 6% to ₹66.4 Cr. Normalised PAT significantly rose to ₹12.81 Cr, largely driven by non-operating income, including an ₹11.4 Cr IT refund. Cash strengthened to ₹135.82 Cr. DSO increased to 96 days.

**2. Strategic Initiatives & Growth Drivers:**

Launched FraudZap; HyperSense now features GenAI. Actively operationalizing AI, building an AI-native workforce. AI is a strong tailwind, with increasing RFPs focusing on AI use cases like fraud management.

**3. Business Developments:**

Secured a new Tier-1 HyperSense Fraud Management deal in the Middle East. Multiple key contract renewals for Managed Services and Product Licenses across Africa, Americas, and India underscore a strong annuity business.

**4. Market Position & Competitive Advantage:**

Leverages 30+ years of telecom expertise, serving 150+ global customers with high switching costs. Approximately 70% recurring revenue, 95% customer retention. Strategic focus on AI adoption and expansion.

**5. Investor Implications:**

Positive PAT is primarily boosted by one-time gains and strong cost management. Improved cash and consistent operational EBITDA (6/7 quarters positive) are encouraging. Q1 revenue decline and increased DSO warrant execution monitoring.