Subex Q4FY26: PAT ₹9.93 Cr vs ₹2.93 Cr; Re-appoints Mr. Rupinder Goel as Ind. Director
Subex reported a Q4FY26 PAT of ₹9.93 Cr, up from ₹2.93 Cr in Q3FY26. FY26 PAT turned positive at ₹28.53 Cr vs. a loss of ₹31.44 Cr in FY25. Revenue was ₹72.96 Cr for Q4FY26. The company re-appointed Mr. Rupinder Goel as Independent Director for three years from August 8, 2026. A conference call is scheduled for May 13, 2026.
The financial turnaround and positive outlook for AI-led growth are significant. The re-appointment of a key director also contributes to stability. However, revenue saw a slight decline year-on-year, moderating the overall impact.
The company reported a significant improvement in profitability with PAT turning positive for the full year and showing substantial growth in the quarter. The re-appointment of an independent director also adds stability.
Subex Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors also approved the re-appointment of Mr. Rupinder Goel as an Independent Director for a second term of three years, commencing from August 8, 2026, up to August 7, 2029, subject to shareholder approval.
The company reported a Profit After Tax (PAT) of ₹9.93 crore for the quarter ended March 31, 2026, a significant increase from ₹2.93 crore in the previous quarter ended December 31, 2025. Revenue for the quarter stood at ₹72.96 crore, up from ₹70.79 crore in the prior quarter. Normalised EBITDA also saw a substantial rise to ₹10.58 crore from ₹9.09 crore.
For the full year ended March 31, 2026, Subex reported a Profit After Tax of ₹28.53 crore, marking a strong turnaround from a loss of ₹31.44 crore in the previous fiscal year. Revenue for the year was ₹279.06 crore, compared to ₹285.61 crore in FY25. Normalised EBITDA for the year grew to ₹28.78 crore from ₹6.45 crore in FY25, with margins expanding from 2% to 10%.
Nisha Dutt, MD & CEO of Subex, stated that the company exits the year with a stronger balance sheet, improved profitability, and a sharper market positioning, focusing on telco and expanding with AI-led offerings. She highlighted that AI adoption is scaling strongly, with models in production being 5x since 2023 and the AI customer base being approximately 4x since she took over.
The Board meeting commenced at 2:30 PM and concluded at 4:30 PM on May 12, 2026. A conference call to discuss the results is scheduled for Wednesday, May 13, 2026, at 11:00 AM IST.
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