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  3. INDUSTRY : IT SOFTWARE PRODUCTS
  4. SUBEX LTD.
Subex Ltd.
NSE: SUBEXLTD | BSE: 532348
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19.34-0.39(-1.98%)
11.6M
NSE+BSE Volume

NSE 01 Oct, 2026 3:31 PM (IST)

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Subex quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Subex quarterly results: revenue, profit, and P&L – 13 quarter history

  • NEGATIVE

    Quarterly Revenue Subex Jun-2026 Quarterly Revenue is Rs 76 Cr which is growth of -2.8% YoY.

  • POSITIVE

    Quarterly Net Profit Subex Jun-2026 Quarterly Net Profit is Rs 9 Cr which is growth of 24.5% YoY.

Subex Ltd., Quarterly, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
⌄
75.876.168.964.67866.969.568.865.965.372.567.365.5
Operating Exp.
64.857.563.165.26583.572.773.476.869.777.178.279.6
Operating Profit
9.427.61.3-0.5-3.2-17.2-3.6-4.9-11.9-4.7-4.9-11.4-14.7
Operating Profit Margin %
12.94%42.74%2.00%-0.71%-5.15%-25.98%-5.25%-7.16%-18.24%-7.21%-6.77%-17.02%-22.68%
Depr.
2.42.82.52.63.73.13.23.23.23.23.33.73.3
Interest
0.60.70.60.70.90.40.50.50.50.60.60.60.7
Profit Before Tax
9.56.9-2.7-2.67.6-20.2-6.9-4-14.6-156.2-8.4-15.3-18.1
Tax
0.90.90.70.70.71.70.40.51.312.61.40.60.7
Net Profit
8.66-3.4-3.46.9-21.9-7.3-4.6-15.9-168.7-9.8-15.9-18.8
EPS Adj. latest
0.20.1-0.1-0.10.1-0.4-0.1-0.1-0.3-3-0.2-0.3-0.3
Net profit TTM
7.96.2-21.8-25.8-27-49.8-196.6-199-210.4-213.3-97.7-92.9-88.1
Basic EPS TTM
0.10.1-0.4-0.5-0.5-0.9-3.5-3.5-3.7-3.8-1.7-1.7-1.6
Earnings Transcripts
AI Summary
    
  
Results PDF
 
Result Notes
 
*All financials are in INR Cr and price data in INR

Subex competitor comparison and performance snapshot within industry

Subex annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

  • POSITIVE

    Annual Revenue Subex Mar-2026 Annual Revenue is Rs 287 Cr which is growth of 6.1% YoY.

  • POSITIVE

    Annual Net Profit Subex Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of 111.8% YoY.

Subex Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
1.4%
39.2%
285.3287.5271270.5275.968.455.131.720.9181336.9296.2
Operating Exp. Ann.
-12%
57%
250.5230.8306.4304.7338.871.124.216.939.2170.5277.5246
Operating Profit Ann.
-
-3.9%
37.925.2-37.6-35.7-65.2-2.830.812.8-18.49.546.949.9
OPM Ann. %
-
-30.9%
 8.78%-13.87%-13.19%-23.64%-4.06%55.90%40.47%-87.80%5.23%13.91%16.83%
⌄
-11.4%
56.3%
 245.4321320.6352.972.926.322.845.5183295.3297.1
EBITDA Ann.
-
12.9%
 56.7-35.4-34.2-62.8-2.730.914.9-18.310.559.450.3
EBITDA Ann. margin %
-
-18.9%
 19.71%-13.07%-12.63%-22.77%-3.98%56.06%46.85%-87.33%5.80%17.63%16.97%
Interest Ann.
9.3%
97.4%
2.631.92.42.30.10.10.305.515.148.5
Depr.
-0.8%
43.6%
10.311.612.713.511.91.61.95.66.372.72.6
PBT Ann.
-
-19.1%
119.2-45.8-198-77-4.526.5-204.7-24.61.9-4.3-204.6
Tax Ann.
-
61.5%
3.23.3415.3-8.20.31.2-01.62.55.3
-
-25.8%
 5.9-49.8-213.3-68.8-4.526.2-205.9-24.50.3-6.8-210
Net Profit Ann.
-
-25.8%
7.95.9-49.8-213.3-68.8-4.526.2-205.9-24.50.3-6.8-210
NPM Ann. %
-
-45.6%
 2.28%-18.51%-79.27%-25.13%-6.53%47.66%-693.66%-117.87%0.17%-2.10%-70.98%
EPS Adj. latest Ann.
-
-27.5%
 0.1-0.9-3.8-1.2-0.10.5-3.7-0.40-0.1-3.7
Result Notes
   
Annual Reports
 
*All financials are in INR Cr and price data in INR
Total Rev. Ann.
1Y CHG
6.1%
2Y CAGR
3.1%
3Y CAGR
1.4%
5Y CAGR
39.2%
7Y CAGR
45.4%
10Y CAGR
-0.3%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
5Y CAGR
-25.8%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
-24.7%
2Y CAGR
-13%
3Y CAGR
-12%
5Y CAGR
57%
7Y CAGR
28.8%
10Y CAGR
-0.6%
Operating Expenses Annual Cr is falling faster than historical averages.

Subex balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Subex Mar-2026 Total Shareholders Fund is Rs 172 Cr which is growth of 4.1% YoY.

  • POSITIVE

    Total Assets Subex Mar-2026 Total Assets is Rs 344 Cr which is growth of 14.9% YoY.

Subex Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
⌄
-26%
-19.3%
171.6164.9213.9423.9489.3501.7500.2711.5742.3637.3637.2
Minority Interest Liability Ann.
-
-
-----------
⌄
1.4%
75%
24.610.117.523.61.31.51.9002.536.9
-2.2%
14.3%
148.2124.8115.3158.353.17649.133.39.1284.9601.6
Total Capital Plus Liabilities Ann.
-17.2%
-9.9%
344.4299.8346.6605.7543.6579.2551.3744.8751.5924.61,275.7
⌄
-9.2%
28.4%
30.421.431.540.67.28.711.650.156.24.84
⌄
-23.9%
-18.1%
189.3200.1238.3429.3465.6513.5519.2735735.1698.1754.4
-4.2%
18.8%
155.299.7108.3176.478.165.732.19.816.4226.6521.2
Total Assets Ann.
-17.2%
-9.9%
344.4299.8346.6605.7543.6579.2551.3744.8751.5924.61,275.7
Contingent Liabilities plus Commitments Ann.
28.3%
7.8%
87.2102.4107.241.359.959.960205.6259.3120.8100.2
Bonus Equity Share Capital Ann.
0%
0%
15.515.515.515.515.515.515.515.515.515.515.5
Non Current Investments Unquoted Book Value Ann.
-25.6%
-21.7%
139.6141.9168.9339.5427.6475.6475.6643.7634.71,426.6
Current Investments Unquoted Book Value Ann.
51.6%
-
20.913.47.36
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
14.9%
2Y CAGR
-0.3%
3Y CAGR
-17.2%
5Y CAGR
-9.9%
7Y CAGR
-10.4%
10Y CAGR
-12.3%
Total Assets Annual growth is higher than historical averages.
Total Current Liabilities Ann.
1Y CHG
18.8%
2Y CAGR
13.4%
3Y CAGR
-2.2%
5Y CAGR
14.3%
7Y CAGR
23.8%
10Y CAGR
-13.1%
Total Current Liabilities Annual Cr growth is stable compared to historical averages.
Total ShareHolders Funds Ann.
1Y CHG
4.1%
2Y CAGR
-10.4%
3Y CAGR
-26%
5Y CAGR
-19.3%
7Y CAGR
-18.4%
10Y CAGR
-12.3%
Total ShareHolders Funds Annual growth is higher than historical averages.

Subex ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share Subex Mar-2026 Book Value Per Share is 3 Rs which is growth of 4.1% YoY.

  • POSITIVE

    ROE Subex Mar-2026 ROE is 3% which is growth of 33.6% YoY.

Subex Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
BVSH Ann.
-25.5%
-19%
3.12.93.87.58.78.98.912.713.212.612.7
RoA Ann. %
-
-17.8%
1.70%-16.60%-61.52%-11.35%-0.82%4.52%-37.34%-3.29%0.04%-0.73%-16.46%
ROE Ann. %
-
-8.2%
3.41%-30.19%-99.70%-16.22%-0.91%5.22%-41.15%-3.44%0.04%-1.07%-32.95%
ROCE Ann. %
-
31.9%
22.96%-27.46%-20.60%-16.69%-0.88%5.75%1.83%-3.44%0.46%8.85%7.06%
⌄
           
⌄
           
⌄
           
Total Debt to Total Equity Ann.
         0.10.2
*All financials are in INR Cr and price data in INR
ROE Ann. %
5Y CAGR
-8.2%
ROE Annual % is stable compared to historical averages.
RoA Ann. %
5Y CAGR
-17.8%
RoA Annual % is stable compared to historical averages.
Current Ratio Ann.
1Y CHG
37.5%
2Y CAGR
10.6%
5Y CAGR
4.1%
7Y CAGR
20.4%
10Y CAGR
2%
Current Ratio Annual growth is higher than historical averages.

Subex cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • POSITIVE

    Cash From Operating Activity Subex Mar-2026 Cash From Operating Activity is Rs 71 Cr which is growth of 815.5% YoY.

  • POSITIVE

    Net Cash Flow Subex Mar-2026 Net Cash Flow is Rs 13 Cr which is growth of 306.4% YoY.

Subex Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
15.8%
116.1%
70.77.7-4.145.5-19.41.5-12.5-0.862.558.935.4
Cash from Investing Act. Ann.
-
-
-49.9-3.8-2.3-24.332.525.316.1-0.3-74.8-5.1-1.9
Cash from Financing Act. Ann.
-
-
-7.6-10.3-7.3-4.7-9.1-26.7-0.6-013-54.2-32.9
-7.2%
165.5%
13.2-6.4-13.816.54.10.13-1.10.6-0.50.6
*All financials are in INR Cr and price data in INR
Cash from Operating Act. Ann.
1Y CHG
818.2%
3Y CAGR
15.8%
5Y CAGR
116.1%
10Y CAGR
7.2%
Cash from Operating Activity Annual growth is higher than historical averages.

Subex investor presentations, annual reports, credit ratings, and earnings calls with AI summary, video, and audio access