Subex Limited — Investor Meet, 07-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Subex reported robust Q1 FY27 financials, with Revenue at INR 79.45 Cr (up 19.7% YoY) and EBITDA at INR 16.87 Cr (fourfold YoY), translating to a 21.2% margin. PAT stood at INR 14.22 Cr, with cash and equivalents at INR 184.8 Cr. Management indicates the company's turnaround is complete, with a strong focus now on "consistent and sustainable growth," aiming for double-digit expansion. Strategic priorities include disciplined investments in product innovation, AI capabilities, and exploring adjacencies like satellites and data centers, while maintaining a healthy margin structure. Key wins include renewals in the Middle East and Asia-Pacific, alongside new business in Europe, with Partner Ecosystem Management (PEM) showing strong traction. ESOPs are planned for Q3 FY27, and inorganic growth is under consideration.