Subex Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Subex posted Q3 FY26 revenue of INR 70.79 Cr (up 2.7% QoQ), with normalized EBITDA at INR 9.2 Cr (13.1% margin) and PAT at INR 7.68 Cr (10.8% margin), sustaining profitability. The company secured new orders, including a European fraud management deal, and successfully commercialized FraudZap. Management highlights increased agility and AI investments translating into production deployments. Strategic priorities include an AI-native operating model, expanding into telco fintech and Managed Services, and exploring tuck-in acquisitions. Confident in achieving double-digit growth next fiscal, Subex aims for a $10 million quarter and plans more investor outreach.