Subex's fundamental picture is improving, with strong

Subex's fundamental picture is improving, with strong profit growth and fresh international AI/telecom contracts. In Q1 FY27, revenue from operations rose 19.65% YoY to ₹79.45 crore, while operating profit jumped 281.7% to ₹15 crore. PAT increased 11% YoY to ₹14.22 crore. The biggest positive is the company's HyperSense AI-led telecom business. On August 26, Subex secured a three-year contract with a leading African mobile operator for HyperSense Fraud Management. The solution will help detect telecom and mobile-money fraud using AI, supporting Subex's recurring telecom software business. Another positive is a three-year €0.6 million contract from a European open-access fibre operator for Subex's Partner Ecosystem Management platform. The deal includes hosted/managed services and ongoing support, which can provide recurring revenue visibility