Subex Limited · NSE:SUBEXLTD
Subex — Q2 FY27 Earnings Presentation
10 slides from Subex's earnings presentation, Nov 3, 2026
Slide 1: Cover letter to stock exchanges for Q2 FY27 investor presentation
November 03, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no. C/l Dalal Street, G Block, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532348 NSE Symbol: SUBEXLTD De
Slide 2: Subex Limited Investor Presentation
Subex Limited Investor Presentation 4th November 2026
Slide 3: Agenda
Agenda Financial Updates Business Highlights 2
Slide 4: Quarterly Results – Q2FY27
Quarterly Results – Q2FY27 Financial Highlights Revenue in ₹ lakhs • Q2FY27 revenue grew by 7.7% QoQ to ₹8,559 lakhs and YoY basis revenue grew by 24.2% • Normalized EBITDA improved to ₹1,777 lakhs in Q2FY27 as compared to ₹1,687 lakhs in Q1FY27, reflecting a growth of 5.3%, primarily supported by o
Slide 5: Revenue Metrics – Q2FY27
Revenue Metrics – Q2FY27 Revenue By Services Revenue By Region 16% 20% 29% 29% 25% 27% 1% 3% 2% 29% 33% 42% 68% 58% 66% 42% 38% 33% 15% 13% 11% Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Managed Service License implementation and Customization America EMEA Support and others India APAC and ROW 4
Slide 6: Business Highlights – Q2 FY27
Business Highlights – Q2 FY27 • Secured a new Partner Ecosystem Management deal with an APAC operator • Won a new group account in Africa for deploying Fraud Management at 2 opcos G • Received a Phase 2 PEM order from a Tier 1 operator in the Middle East • Secured a new customer in Europe for Partne
Slide 7: Order Intake Snapshot – Q2 FY27
Order Intake Snapshot – Q2 FY27 Won a new group account Won a new Partner Received a Phase 2 PEM in Africa for deploying Ecosystem Management order from a Tier 1 operator Fraud Management at 2 deal with an APAC operator in the Middle East opcos Secured a new customer in Won a new deal in Europe for
Slide 8: The Subex Advantage
The Subex Advantage Strong Tailwinds • Almost all RFPs ask for AI use cases 01 in AI • Fraud Management a top AI & GenAI Use Case amongst Telcos Few Players with Data • Large customer base with data connectors processing 200bn+ records per instance 02 Access • High switching costs • 30+ years of exp
Slide 9: Global Marquee Customer Base
Global Marquee Customer Base EMEA Asia Americas 8
Slide 10: Thank You
Thank You For Further Information, Please Contact: Asha Gupta – asha.gupta@in.ey.com Pratik Jagtap – pratik.jagtap@in.ey.com Subex – investor.relations@subex.com