Subex Q2 FY27: revenue up 24.2% to ₹86 Cr, net profit up 399.7% to ₹14 Cr
Results · Finvezto · 4 Nov 2026 · Subex (SUBEXLTD)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 86 | - | +24.2% |
| Operating profit | 18 | - | +182.8% |
| Net profit | 14 | - | +399.7% |
| Operating margin | 20.8% | - | +11.7 pp |
| Net margin | 16.7% | - | +12.6 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Subex reported Q2 FY27 revenue of INR 85.59 crores, up 7.7% QoQ and 24% YoY, marking five consecutive quarters of QoQ growth, with EBITDA margin at 20.8% and PAT margin at 16.7%. Earnings call
- Normalized EBITDA was INR 17.77 crores, normalized PAT INR 14.3 crores, and cash and cash equivalents INR 198 crores at quarter end, with EBITDA and PBT growing despite the annual wage increase in Q2. Earnings call
- Management outlined a strategic shift toward a decision assurance and economic integrity layer for AI-driven ecosystems, positioned as platform neutral, with a defined TAM of 4.3 billion. Earnings call
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.