Subex Q2 FY26 Earnings Results: Net Profit Drops 78 % Even As Revenue Edges Up

Subex Limited, a telecom AI solutions company, announced its Q2 FY26 results with a small rise in revenue but a steep drop in profit. The company said revenue for the quarter touched ₹6,891 lakh, up 3.78 percent YoY from ₹6,640 lakh. However, profit after tax slipped sharply to ₹286 lakh, down 78 percent YoY from ₹1,281 lakh, mainly because of an increase in expenses and higher impairment allowances, which jumped to ₹102 lakh from ₹35 lakh.

Better Operational Efficiency in Q2 FY26 Earnings

Despite the drop in profit, Subex’s normalised EBITDA showed improvement. Normalised EBITDA stood at ₹730 lakh for Q2 FY26, higher than ₹428 lakh in Q1 FY26. This indicates stronger operational performance once exceptional items and impairment costs are removed.

H1 FY26 Performance Shows a Turnaround

For the first half of FY26, Subex reported total revenue of ₹13,531 lakh, slightly lower than ₹14,232 lakh last year. But the company managed a major turnaround in profitability, posting a ₹1,567 lakh profit compared to a ₹1,059 lakh loss in the same period a year ago.

Investments to Support Growth

Subex management said the mixed results were due to strategic changes and investments. Its subsidiary, Subex Assurance LLP, invested ₹3,536 lakh in Subex Middle East (FZE), UAE, to support working capital and business expansion.

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Subex Share Price Movement

Subex share price closed at ₹13.58, up 9.96% today, after opening at ₹12.30 and hitting a day’s high of ₹13.58. The shares touched a low of ₹12.25 during the session. The company currently holds a market cap of ₹753.49 crore. Subex has no listed P/E ratio or dividend yield. Over the past year, the stock has moved between a 52-week high of ₹26.93 and a 52-week low of ₹10.55.

Conclusion

Subex delivered steady revenue growth and stronger operational performance, but profits took a hit because of higher costs and impairment charges. The company expects its ongoing investments to support future growth and stability.

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