Stock under ₹15 jumps 5% after receiving ₹50 Cr contract from major telecom operator in Europe

Stock which operates in revenue generation and fraud management software is in focus after it receives a contract worth Rs. 50 Crores from a telecom operator in Europe.

Share Price Movement

With a market capitalization of Rs. 715 Crore, the stock of Subex Limited opened at Rs. 13.09, up 0.92 percent from yesterday’s close of 12.97, and after opening it made a high of 13.58 up 4.70 percent. 

Order Update

The company received a contract from a leading telecom Operator in Europe, the contract has been awarded for a period of 3 years, where the company will be working to deliver Operations in Revenue Assurance, Fraud Management, and Partner Settlement on their Revenue Operations Center (ROC) platform. The total order value is GBP 4.96 million or Rs. 50 Crore approx.

Also read: Infra stock under ₹15 hits upper circuit after signing agreement to issue ₹50 Cr worth of shares

Financial Highlights

The company reported an 11.15 percent YoY increase in revenue from Rs. 81.82 Crore in Q3FY24 to Rs. 72.69 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 1.98 percent in revenue from Rs. 74.16 Crore in the previous quarter.

They saw a decrease in Net loss from 4.89 Crore in Q3FY24 to 3.25 Crore in Q3FY25. Further, on a QoQ basis company reported a Net loss compared to a Net profit of Rs. 0.62 Crore.

About the Company

Subex Limited is an Indian software company specializing in telecom analytics, AI-driven business assurance, fraud management, and network security solutions. Established in 1992 and headquartered in Bengaluru, India, Subex initially gained recognition for its revenue assurance and fraud management software for telecom operators worldwide. 

Written By Abhishek Das

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