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Subex Standalone September 2023 Net Sales at Rs 66.86 crore, down 10.16% Y-o-Y

Subex announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2023.

Subex AGM scheduled

Subex announced that option grantees have exercised 12,500 options at an exercise price of Rs. 6each, equivalent to 12,500 Equity shares of face value of Rs. 5each, (Equity shares) of the Company. Pursuant to the exercise, the Subex Employee Welfare and ESOP Benefit Trust will transfer the said Equity shares to the concerned option grantees in due course.

Subex intimates exercise of 12,500 stock options 

Subex Consolidated June 2023 Net Sales at Rs 67.29 crore, down 19.18% Y-o-Y

Subex announced the exercise of 1,50,000 options at an exercise price of Rs. 6 each, equivalent to 1,50,000 equity shares of face value of Rs. 5 each of the company. Pursuant to the exercise, the Subex Employee Welfare and ESOP Benefit Trust will transfer the said equity shares to the concerned option grantee in due course. 

Subex announces exercise of 1.50 lakh options 

Net sales declined 40.01% to Rs 47.27 crore in Q4 FY23 as against Rs 78.80 crore in Q4 FY22.The firm reported Pre-tax loss of Rs 37.58 crore in Q4 FY23 as compared with profit before tax of Rs 21 crore in Q4 FY22. EBITDA stood at Rs 36.8 crore in Q4 FY23, steeply higher from Rs 5.1 crore posted in Q4 FY22.On full year basis, the company reported net loss of Rs 52.11 crore in FY23 as compared with net profit of Rs 20.99 crore in FY22. Net sales declined 16.42% year on year to Rs 278.69 crore in FY23.Meanwhile, the companys board has appointed Nisha Dutt as chief executive officer (CEO) with effect from 2 May 2023.Subex helps businesses maximize their revenues and profitability by enabling Digital Trust through solutions for risk mitigation, security, predictability, and intelligence. Their HyperSense AI platform empowers users to leverage AI analytics across the data value chain without coding knowledge. Subex has over 300 installations across 90+ countries.

Subex slumps after dismal Q4 performance

Solara Active Pharma Sciences Ltd, Edelweiss Financial Services Ltd, National Fertilizer Ltd and Adani Total Gas Ltd are among the other losers in the BSEs A group today, 15 May 2023.Subex Ltd tumbled 13.78% to Rs 28.21 at 14:46 IST.The stock was the biggest loser in the BSEs A group.On the BSE, 21.7 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month.Solara Active Pharma Sciences Ltd lost 6.41% to Rs 381.85. The stock was the  second biggest loser in A group.On the BSE, 67064 shares were traded on the counter so far as against the average daily volumes of 65985 shares in the past one month.Edelweiss Financial Services Ltd crashed 5.73% to Rs 61.25. The stock was the  third biggest loser in A group.On the BSE, 4.13 lakh shares were traded on the counter so far as against the average daily volumes of 3.09 lakh shares in the past one month.National Fertilizer Ltd plummeted 5.41% to Rs 73.41. The stock was the  fourth biggest loser in A group.On the BSE, 7.21 lakh shares were traded on the counter so far as against the average daily volumes of 6.07 lakh shares in the past one month.Adani Total Gas Ltd corrected 5.00% to Rs 777.45. The stock was the  fifth biggest loser in A group.On the BSE, 2.07 lakh shares were traded on the counter so far as against the average daily volumes of 75505 shares in the past one month.

Subex Ltd leads losers in 'A' group

Vinod Kumar Padmanabhan, who has been the managing director and CEO for 25 years, has requested early retirement from his position. He will continue to serve in the role until the end of business hours on 1 May 2023, after which he will continue to serve as a non-executive director till 14 July 2023.Nisha Dutt, who has been an independent director of the company since 2015, has been appointed as the new chief executive officer, effective 2 May 2023. She has been appointed as the CEO for a period of one year. This decision was made based on the recommendation of the nomination & remuneration committee and approval of the board. Dutt, who brings extensive experience in consulting, advisory, and investment banking, has also been a technology entrepreneur. She holds a MS in Industrial Engineering from Oklahoma State University and a Masters in Business Administration from Ohio University.  Subex helps businesses maximize their revenues and profitability by enabling Digital Trust through solutions for risk mitigation, security, predictability, and intelligence. Their HyperSense AI platform empowers users to leverage AI analytics across the data value chain without coding knowledge. Subex has over 300 installations across 90+ countries.On a consolidated basis, Subex reported net loss of Rs 4.68 crore in Q3 December 2022 as against net profit of Rs 2.08 crore in Q3 December 2021. Net sales declined 16.05% to Rs 73.66 crore in Q3 December 2022 over Q3 December 2021. Shares of Subex fell 2.37% to Rs 31.68 on Monday, 17 April 2023. 

Subex MD, CEO Padmanabhan resigns

Subex Standalone December 2022 Net Sales at Rs 70.19 crore, up 237.78% Y-o-Y

Subex Consolidated December 2022 Net Sales at Rs 73.66 crore, down 16.05% Y-o-Y

Subex Ltd. engages in providing business support systems to communications service providers worldwide. Its products & services include HyperSense, Business Assurance, Fraud Management, Network Asset Management, Capacity Management, Partner Ecosystem Management, Analytics Center of Trust, Anomaly Detection, Subex Secure, and IDcentral. The company was founded by Subash Menon and Alex J. Puthenchira in 1992 and is headquartered in Bangalore, India.

Watchers	127
52-Wk Low	25.00
52-Wk High	39.20

Market Cap	18.15B
Volume (M)	10.5M
52-Wk High	39.20
52-Wk Low	25.00

SUBEXLTD.NSE Subex Ltd.

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