Subex Limited — Results, 12-05-2026: Integrated Filing- Financial

Subex reported consolidated Q4 FY26 revenue of ₹72.96 Cr, a modest ~3.1% QoQ rise. Full-year FY26 revenue stood at ₹279.06 Cr, a slight ~2.3% dip YoY. Profitability saw a dramatic improvement: Q4 PAT surged to ₹9.93 Cr from ₹2.93 Cr last quarter. For the full year, the company swung to a net profit of ₹28.53 Cr in FY26, a significant turnaround from a ₹31.44 Cr loss in FY25. Normalised EBITDA for FY26 grew over 4x to ₹28.78 Cr, with margins expanding from 2% to 10%, attributed to strong operational discipline and AI-led offerings like FraudZap. These results reflect strong financial momentum.