Subex's Q2 FY 2025-26 Quarterly Results

Result Summary

• Subex Ltd reported a 14.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 6.5%.
• Its expenses for the quarter were down by 2.9% QoQ and 14.9% YoY.
• The net profit decreased 77.7% QoQ and increased 361.3% YoY.
• The earnings per share (EPS) of Subex Ltd stood at 0.05 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Subex Ltd is a technology company primarily focused on providing software solutions that help businesses optimize their operations. It operates within the telecommunications industry and is known for its expertise in revenue management, fraud management, and network analytics. Subex Ltd has been a significant player in the telecom sector, offering a range of products and services aimed at improving operational efficiency and ensuring revenue assurance. The company has been involved in various strategic initiatives to enhance its market presence, including partnerships and the development of innovative solutions tailored to meet the evolving needs of its customers. However, specific recent developments or changes in its strategic direction are not available for this analysis.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), Subex Ltd reported total income of ₹70.43 crores. This represents a decrease of 14.3% compared to the previous quarter (Q1FY26), where total income was ₹82.21 crores. On a year-over-year basis, the total income decreased by 6.5% from ₹75.36 crores in Q2FY25. The decline in revenue both quarter-over-quarter and year-over-year reflects a challenging operating environment. Such fluctuations in revenue are noteworthy and reflect variations in company performance over the respective periods.

Profitability

Subex Ltd's profitability metrics for Q2FY26 reflect significant changes from previous periods. The company reported a profit before tax of ₹4.22 crores, down 71.3% from the ₹14.71 crores observed in Q1FY26. Despite this quarter-over-quarter decline, there was a notable year-over-year increase of 41.1% from ₹2.99 crores in Q2FY25. After accounting for taxes, the profit after tax (PAT) stood at ₹2.86 crores, a substantial decrease of 77.7% from the previous quarter's ₹12.81 crores. However, compared to Q2FY25, the PAT increased by 361.3% from ₹0.62 crores. The earnings per share (EPS) for Q2FY26 was ₹0.05, reflecting a decrease of 78.3% compared to Q1FY26 but a significant increase of 400.0% from Q2FY25.

Operating Metrics

The company reported total expenses of ₹65.19 crores in Q2FY26, marking a decrease of 2.9% from the ₹67.15 crores recorded in Q1FY26. Year-over-year, expenses decreased by 14.9% from ₹76.59 crores in Q2FY25. This reduction in expenses has contributed to the profitability metrics despite the noted decrease in revenue. The tax expense for the quarter was ₹1.36 crores, which is a reduction of 28.4% from Q1FY26 and 42.6% from Q2FY25. These changes in operating expenses and tax outlays are critical components of Subex Ltd's financial performance, influencing both the margin and net profitability outcomes for the period under review.