Subex Limited — Investor Meet, 19-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Subex reported Q4 revenue of 72.96 Cr, reflecting 3% sequential growth, with EBITDA at 10.58 Cr and PAT at 9.93 Cr. FY26 saw a robust 24% increase in order intake and a 70 Cr boost in liquidity. Management is "very bullish" for FY27, targeting 100 Cr quarterly revenue, believing the stock is "materially undervalued." New deals include AI fraud solutions and expanded managed services. Geopolitical risks in the Middle East (31% revenue contribution) are being mitigated by offshoring deliveries. The company is actively considering tuck-in acquisitions and exploring new growth adjacencies like data centers, seeing significant new market opportunities.