Subex Ltd. announces FY12 results

May 23, 2012,

Mumbai,India – 

Year ended 31 March 2012 – Key Highlights

  • Net Consolidated Income from Product and Product related Operations at Rs. 4404.56 mln up from Rs. 4281.61 mln in FY11
  • Net Profit (before exceptional items) at Rs. 866.27 mln up from Rs. 804.99 mln in FY11

Quarter ended 31 March 2012 – Key Highlights

  • Net Consolidated Income from Product and Product related Operations at Rs. 983.78 mln (USD $19.83 mln) as against Rs. 1035.18 mln (USD $20.87 mln) in FY11
  • Net Profit (before exceptional items) at Rs. 190.71 mln as against Rs. 231.46 mln in FY11

Bangalore, INDIA: Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, announced today that it has recorded Net Consolidated Income from Product and Product related Operations at Rs. 4404.56 mln (USD $ 91.78 mln) for the year ended 31 March 2012 contributing to 90.11% of the consolidated revenue. Net Profit (before exceptional items) at Rs. 866.27 mln up from Rs. 804.99 mln in FY11.

The Net Consolidated Income from Operations stands at Rs. 1100.78 mln (USD 22.19 mln) for the fourth quarter of FY12 compared to Rs. 1184.62 mln (USD 23.88 mln) in FY11 Q4.

The company posted a Product EBITDA of Rs 288.51 mln (USD $5.82 mln) for FY12 Q4 while the Consolidated EBITDA for the period stood at Rs. 317.74 mln (USD $6.40 mln).

Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, “We have been successful in retaining our market leadership in BSS for the fourth year in a row. We are on track to successfully completing our FCCB restructuring thereby putting to rest all concerns regarding our financial stability”.

May, 23, 2012

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