Subex has secured a confirmed work order worth Rs 5.0 crore from a major mobile network operator in the Asia Pacific region. The contract is for a period of five years, with an option to extend for an additional two years.

ORDER DETAILS AND SCOPE

The agreement involves the deployment of Subex's Partner Ecosystem Management (PEM) solutions. The objective is to modernize and future-proof the operator's PEM operations. Key deliverables include enabling the scaling of the partner ecosystem, faster onboarding of new partners and business models, and building an operational foundation for 5G and wholesale revenue opportunities. The order was disclosed to the exchange on September 23, 2026.

ORDER TRACK RECORD

This latest disclosure adds to Subex's recent order inflows. The company has now disclosed three orders in exchange filings over the last three fiscal quarters. The new order is significantly larger in value compared to previous disclosures in August 2026.

FINANCIAL CONTEXT

The Rs 5.0 crore order represents a notable addition to the company's recent order book. Prior to this, Subex had disclosed orders totaling Rs 1.20 crore across two contracts in Q2FY27 (Jul-Sep 2026). The inclusion of this new order brings the total disclosed order book for the last three fiscal quarters to Rs 6.20 crore. Given the company's average quarterly revenue of Rs 77.50 crore, this single order contributes approximately 6.4% of one quarter's revenue run-rate, offering improved visibility compared to previous smaller wins.

COMPANY PERFORMANCE SNAPSHOT

Subex operates in the Information Technology sector, specifically within Software Products. As of September 23, 2026, the company had a market capitalization of ₹1179.08 Cr. Financial data for FY26 shows consolidated revenue of Rs 310.80 crore and net profit of Rs 28.50 crore. Operating Profit Margin (OPM) for FY26 stood at 9.22%. In the most recent quarter, Q1FY27, revenue was Rs 84.10 crore with an OPM of 18.88%. The company maintains a current ratio of 2.64x and reported operating cashflow of Rs 71.50 crore in FY26.

Subex has secured a $5 million agreement with a major Asia Pacific mobile network operator, spanning five years.

Deal highlights

The following table summarises the key details of the contract as disclosed:

The agreement underscores Subex's continued presence in the Asia Pacific telecommunications market, with the contract valued at $5 million over the five-year term.