Sign in to fuzzto save your conversations, follow your research and come back anytime.
Subex
SUBEXLTD
NSE
BSE
NSEBSESectorInformation Technology
17.69
Loading chart…
NSEBSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Subex delivers strong profit recovery and steady revenue growth, supported by rising cash reserves and a shifting service mix.
Normalized EBITDA grew from ₹428 Cr to ₹1,687 Cr from Q1 FY26 to Q1 FY27, reflecting strong operational leverage.
EMEA revenue share fell from 68% to 58% from Q2 FY26 to Q1 FY27, reflecting a gradual geographic shift.
Cash reserves climbed from ₹13,582 Cr to ₹18,480 Cr from Q1 FY26 to Q1 FY27, building a solid liquidity buffer.
Managed service contribution dropped from 39% to 29% from Q3 FY26 to Q1 FY27, suggesting volatile contract recognition.
Normalized PAT recovered from ₹388 Cr to ₹1,609 Cr from Q2 FY26 to Q1 FY27, confirming resilient bottom-line growth.
Days sales outstanding settled at 90 days from 100 days between Q2 FY26 and Q3 FY26, though recent collection data is unavailable.
APAC and ROW revenue share rose from 16% to 27% from Q2 FY26 to Q1 FY27, signaling regional demand recovery.
Support and others mix rebounded from 30% to 38% from Q3 FY26 to Q1 FY27, indicating fluctuating recurring revenue streams.
License implementation and customization mix increased from 29% to 33% from Q1 FY26 to Q1 FY27, highlighting steady project delivery.
Americas revenue share stabilized at 13% from 12% between Q3 FY26 and Q1 FY27, showing limited regional expansion.
