SUBEXLTD quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Subex Ltd reported sales of ₹86 Cr, operating profit of ₹18 Cr (OPM 21%) and net profit of ₹14 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
SUBEXLTD quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
73
71
66
69
71
73
79
86
YoY Sales growth
-11
-16
-3
-7
-3
3
20
24
Expenses
70
84
62
63
62
64
64
68
Operating Profit
2
-13
4
6
9
9
15
18
OPM
3.4%
-18%
6%
9%
13%
13%
19%
21%
Other Income
1
3
16
2
0
7
5
3
Interest
1
0
1
1
1
1
1
1
Depreciation
3
3
4
3
2
3
3
3
Profit before tax
0
-14
15
4
6
13
16
17
Tax
916%
25%
13%
32%
49%
22%
14%
16%
Net Profit
-3
-18
13
3
3
10
14
14
EPS in Rs
-0.06
-0.31
0.23
0.05
0.05
0.18
0.25
0.25
SUBEXLTD profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
333
279
310
286
279
309
Sales growth
-10
-16
11
-8
-2
11
Expenses
298
309
325
300
253
258
Operating Profit
36
-30
-16
-15
26
51
OPM
11%
-11%
-5%
-5%
9%
16%
Other Income
10
8
-141
11
27
14
Interest
3
3
3
2
3
3
Depreciation
10
14
16
14
12
11
Profit before tax
34
-39
-175
-20
37
52
Tax
38%
31%
10%
59%
24%
-
Net Profit
21
-51
-192
-31
29
41
EPS in Rs
0.37
-0.91
-3.4
-0.56
0.51
0.73
Dividend Payout
0%
0%
0%
0%
0%
-
SUBEXLTD balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
281
281
-
281
281
Reserves
53
23
-
62
102
Borrowings
28
19
-
28
25
Other Liabilities
167
163
-
181
191
Total Liabilities
528
487
-
552
599
Fixed Assets
228
217
-
228
227
CWIP
0
0
-
0
0
Investments
9
22
-
32
61
Other Assets
292
248
-
292
311
Total Assets
528
487
-
552
599
SUBEXLTD cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
-8
9
-8
10
72
Cash from Investing Activity
-34
-36
34
-16
-31
Cash from Financing Activity
-15
-7
-9
-12
-9
Net Cash Flow
-58
-33
17
-19
32
Free Cash Flow
-14
4
-11
7
68
CFO/OP
41%
-48%
-36%
-124%
146%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit