Subex returns to profit despite revenue decline

Subex Limited reported Q1 FY26 revenue of INR 664 million, down from INR 706 million in the prior quarter. The company returned to profitability with normalized PAT of INR 128 million versus a loss of INR 6.6 million previously, aided by a tax refund.

Subex continues investing in AI-powered products including FraudZap and GenAI-enabled HyperSense. The company plans an INR 35 crore investment in its Middle-East subsidiary.