10th May 2024, BENGALURU, INDIA – Subex, a telecom AI company, today announced its consolidated financial results for the quarter ended March 31, 2024.
Performance Highlights for the quarter ended March 31, 2024, compared to the previous quarter ended December 31, 2023:
| Rs. In million | ||
| Particulars | Quarter ended
March 31, 2024 |
Quarter ended
December 31, 2023 |
| Revenue | 838 | 818 |
| EBITDA | 31 | 6 |
| Profit before tax and exceptional items | 14 | (24) |
| Exceptional items | 1,480 | – |
| Profit before tax | (1,466) | (24) |
| Taxes | 99 | 25 |
| Profit after tax | (1,565) | (49) |
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Performance Highlights for the year ended March 31, 2024, compared to the year ended March 31, 2023:
| Rs. In million | ||
| Particulars | Year ended March 31, 2024 |
Year ended March 31, 2023 |
| Revenue | 3,097 | 2,787 |
| EBITDA | (157) | (307) |
| Profit before tax and exceptional items | (271) | (391) |
| Exceptional items | 1,480 | – |
| Profit before tax | (1,751) | (391) |
| Taxes | 166 | 121 |
| Profit after tax | (1,917) | (512) |
Key highlights for the year
- In FY 2024-25, Subex achieved 11.1% YoY growth – highest in a decade.
- The QoQ growth has been the highest in the four quarters.
- Subex turned EBITDA positive – the burn has been arrested from Q3 FY2023-24 onwards.
- Subex turned Profit before tax and exceptional items positive in this quarter.
“This has been a turnaround year for Subex. We are heading in the right direction while we continue to repair and rebuild the organization. In FY 2024-25, we will focus on topline growth, expanding our offerings and deepen our existing relationships,” said Nisha Dutt, MD & CEO Subex.
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About Subex
Subex is a telecom AI company enabling connected experiences for CSPs across the globe.
Founded in 1994, Subex helps its customers maximize their revenues and profitability. With a legacy of having served the market through world-class solutions for business optimization and analytics, Subex is now leading the way by enabling the creation of connected experiences in the telecom industry. Through their HyperSense line of offerings, Subex empowers communications service providers and enterprise customers to make faster, better decisions by leveraging Artificial Intelligence (AI) across the data value chain. Subex leverages its award-winning product portfolio in areas such as Business Assurance and Fraud Management and enhances them with the power of HyperSense to help CSPs reduce risk, combat fraud, and thereby ensure profitability.
Subex has more than 300 installations across 90+ countries. In case of any queries, please reach out to:
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