Subex announced that the Annual General Meeting(AGM) of the company will be held on 5 August 2024.Powered by Capital Market - Live News

The Board of Subex at its meeting held on 10 May 2024 has approved the appointment of Nisha Dutt and Murali Kalyanaraman as Additional Directors on Board of the company with effect from 10 May 2024. The Board also approved the cessation of George Zacharias as an Independent Director of the company with effect from 12 May 2024. Powered by Capital Market - Live News

Net Loss of Subex reported to Rs 156.51 crore in the quarter ended March 2024 as against net loss of Rs 47.18 crore during the previous quarter ended March 2023. Sales rose 77.28% to Rs 83.80 crore in the quarter ended March 2024 as against Rs 47.27 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 191.73 crore in the year ended March 2024 as against net loss of Rs 51.21 crore during the previous year ended March 2023. Sales rose 11.13% to Rs 309.72 crore in the year ended March 2024 as against Rs 278.69 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales83.8047.27 77 309.72278.69 11 OPM %3.68-77.77 --5.06-11.00 - PBDT5.13-33.76 LP -11.56-25.07 54 PBT1.35-37.58 LP -27.15-39.06 30 NP-156.51-47.18 -232 -191.73-51.21 -274 Powered by Capital Market - Live News

Subex will hold a meeting of the Board of Directors of the Company on 10 May 2024.Powered by Capital Market - Live News

Subex has announced a deal win with a leading telecom operator in the APAC region. This deal, signed by Subex (Asia Pacific) , (wholly owned subsidiary of the Company) leveraging Subex`s advanced Business Assurance solution on HyperSense, marks the continuation of a productive alliance that spans over 15 years, building on the ROC Revenue Assurance system`s success. The operator is poised to emerge as a visionary leader in telecom technology, striving to deliver unparalleled 5G connectivity, integrated solutions, and an enhanced customer experience. This ambition is supported by the partnership with Subex, aimed at enhancing service quality and providing superior connectivity and integrated solutions. This initiative is expected to transform the operator`s approach to Business Assurance. Utilizing Subex`s AI-based solutions, the operator plans to enhance its assurance capabilities significantly, address a wider array of risks, and elevate its operational maturity. It`s a strategic step designed to proactively manage risks, particularly those emerging in the evolving 5G landscape, enabling rapid innovation and growth in the digital ecosystem.Powered by Capital Market - Live News