Subex Ltd. Q4 FY26 Results: Profit Turns Around to ₹28.5 Crore, Reappoints Independent Director
Subex Limited reported Q4 FY26 results with PAT turning positive to ₹993 lakhs from a loss in the previous quarter. Full-year PAT was ₹2,853 lakhs. Normalised EBITDA grew over 4x to ₹28.8 crore. Mr. Rupinder Goel was re-appointed as Independent Director for three years from August 8, 2026. A conference call is scheduled for May 13, 2026.
The re-appointment of an independent director for a second term and the positive financial results are material to the company's governance and financial health, but the overall impact is medium as there are no new major strategic shifts or large financial transactions announced.
The company reported a significant turnaround in profitability, swinging from losses to profits, and a substantial increase in EBITDA, indicating a positive financial performance.
Subex Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a significant turnaround in profitability, with Profit After Tax (PAT) swinging from a loss to ₹993 lakhs for the quarter and ₹2,853 lakhs for the year. For the full year ended March 31, 2026, revenue stood at ₹27,906 lakhs, a slight decrease from ₹28,561 lakhs in the previous year. However, Normalised EBITDA saw a substantial increase to ₹2,878 lakhs from ₹645 lakhs in the prior year, with margins expanding from 2% to 10%. The company also announced the re-appointment of Mr. Rupinder Goel as an Independent Director for a second term of three years, commencing August 8, 2026, subject to shareholder approval.
The Board meeting, held on May 12, 2026, also approved the financial results and took note of the reports from the statutory auditors, M/s. M.S.K.C & Associates LLP. The company has scheduled a conference call for investors on Wednesday, May 13, 2026, at 11:00 AM IST, to discuss the results.
Nisha Dutt, MD & CEO of Subex, stated that the company exits the year with a stronger balance sheet, improved profitability, sharper market positioning, and a solid foundation for long-term AI-led growth. She highlighted the scaling of AI adoption, with models in production being 5x since 2023 and the AI customer base approximately 4x since she took over.
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