IT stock under ₹50 jumps 7% after securing 5-year deal for fraud management software and other services in Europe

SYNOPSIS: Subex securing a five-year contract from a major European energy-telecom provider to deploy its fraud management system, along with consulting, managed services, support, and training.

During Wednesday’s trading session, shares of a global leader in Telecom AI Solutions, enabling Communications Service Providers (CSPs), surged more than 7 percent on the BSE, after the company secured a 5-year deal for fraud management software and other services in Europe.

At 12:21 p.m., shares of Subex Limited were trading in the green at Rs. 12.1 on BSE, up by around 3 percent, compared to its previous closing price of Rs. 11.75, with a market cap of Rs. 680 crores. The stock has delivered negative returns of around 54 percent in one year, and has fallen by over 2 percent in the last one month.

What’s the News

According to the latest disclosures filed with the stock exchanges, Subex Limited has announced a significant win worth around $1 million from one of the largest integrated energy and telecommunications providers in Europe. The customer operates across multiple segments, including power grids, renewable energy, EV charging, fibre broadband, and mobile telephony.

The agreement spans five years, during which Subex will deliver its fraud management software, along with business consulting, training, managed services and support. The project will be delivered, managed and supported through Subex’s European offices.

As part of the project scope, Subex’s Fraud Management System will be deployed within the customer’s data centre. The order also includes a detailed business consulting exercise, followed by three years of managed services and five years of software support. In addition, Subex will provide comprehensive training to the customer’s personnel on the deployed system.

Financials & More

Subex reported a decline in revenue from operations, experiencing a year-on-year decrease of around 7 percent, from Rs. 74.16 crores in Q2 FY25 to Rs. 69 crores in Q2 FY26.

In contrast, the company’s net profit increased during the same period from Rs. 0.62 crores to Rs. 2.86 crores, representing an impressive rise of more than 361 percent YoY.

Founded in 1994, Subex Limited is a telecom AI solutions Company enabling Communications Service Providers (CSPs) across the globe to create connected experiences for their customers.

The company has a product portfolio in areas such as business assurance, fraud management, partner ecosystem management and enterprise asset management to help CSPs reduce risk, combat fraud, and thereby ensure profitability. Subex also offers scalable managed services and business consulting services, and has more than 300 installations across 100+ countries.

Written by Shivani Singh

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