Subex Limited — Investor Meet, 18-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Subex reported Q1 FY26 revenue of INR 66.4 Cr (down from INR 70.6 Cr QoQ) and PAT of INR 12.8 Cr (vs. a loss of INR 0.66 Cr QoQ). While top-line was impacted by prior-year order intake, management expects H2 momentum with a strong pipeline. Key wins include a Tier-1 Middle-East deal and renewed AI-based managed services. New products like AI-powered FraudZap and GenAI-enabled HyperSense aim to drive future growth. The company is investing INR 35 Cr in its Middle-East entity. Management acknowledges growth challenges but remains committed to profitability and innovation in telco and fintech adjacencies.