Subex Posts Strong Revenue and Profit Growth in Q1
Subex's Q1 FY27 results show robust revenue and profit growth, with margins improving both year-on-year and sequentially.
Subex reported a 16.3% YoY revenue increase and a 24.5% YoY profit jump in Q1 FY27, marking a strong start to the fiscal year with improved profitability.
Subex delivered a strong start to FY27, with both revenue and profit showing robust growth in the June quarter. The telecom AI solutions provider saw its top-line momentum accelerate, while profitability expanded at an even faster pace.
Revenue for Q1 FY27 came in at ₹72.78 crore, a 16.3% increase from the same quarter last year and a 12.7% sequential jump from Q4 FY26. Profit grew even more sharply, rising 24.5% year-on-year to ₹8.55 crore and surging 41.6% from the previous quarter. This translated into a net profit margin of 11.7%, up from 11.0% a year ago and 9.4% in the March quarter.
The results mark a decisive recovery from a challenging period. The table below shows the company's performance over the last five quarters, highlighting the return to consistent profitability after two quarters of losses.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 72.78YoY +16% | 64.56 | 62.56 |
| Profit (₹ Cr) | 8.55YoY +24% | 6.04 | 6.87 |
| Net Profit Margin (%) | 11.7YoY +6.4% | 9.4 | 11.0 |
This performance is supported by a strong balance sheet, with the company operating with zero debt. The stock has gained 11.8% over the past year, though it remains significantly below its levels from three years ago. At a P/E of 13.2, Subex trades at a discount to its industry peers. The key question now is whether this quarter's momentum represents a sustainable new phase of profitable growth for the company.
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· SUBEXLTD
(BSE)
ISIN: INE754A01055
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