Subex Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Subex achieved operational profitability in Q2 FY26 with revenue of 68.9 Cr and PAT of 2.8 Cr, a key milestone. Normalized EBITDA reached 7.3 Cr. The company is undergoing a broad strategic reset, including reconstituting its board and strengthening the management team. Deals worth $15 million were announced across APAC, Europe, and the Middle East, bolstering a robust order book and contributing to an order funnel of 180-200 million. Subex received Gartner recognition for AI in CSP operations. Management focuses on leveraging AI-native products for growth and disciplined investments. An Investor Day is planned to share product roadmaps and strategic insights. Sentiment is positive on fundamentals, while acknowledging the challenge of accelerating top-line growth.