Q4 2024 Subex Ltd Earnings Call Transcript
Key Points
- Subex Ltd (BOM:532348) achieved an 11.1% year-on-year growth, the highest in the last decade.
- The company turned EBITDA positive for Q3 and Q4 of FY 2024.
- Subex Ltd (BOM:532348) secured strategic Tier 1 wins in Q4, including significant AI components.
- The company has maintained a strong cash balance above INR 100 crores.
- Subex Ltd (BOM:532348) has successfully retained key talent and reduced attrition rates.
- The company made an impairment provision of INR 148 crores, impacting overall profitability.
- Profit after tax for the quarter stood at negative INR 86 million, worsening from the previous quarter's negative INR 49 million.
- Despite revenue growth, EBITDA for the year remained negative at INR 157 million.
- The company faces a tough talent market, making it challenging to retain and attract key personnel.
- Subex Ltd (BOM:532348) has not provided specific forward-looking growth targets, causing some investor uncertainty.
Ladies and gentlemen, good day, and welcome to Q4 FY 2024 earnings conference call of Subex Limited. (Operator Instructions) Please note that this conference is being recorded. I would now hand the conference over to Mr. G. V. Krishnakanth, thank you, and over to you, sir.
Thank you very much. Good afternoon to everyone who have joined the earnings call for the quarter and ended March 31, 2024. Now, I'd like to introduce the members of the management who are present for this call. Along with me, I have Ms. Nisha Dutt, Managing Director and CEO; Mr. Sumit Kumar, Chief Financial Officer of the company. I would like to start the conference by going through the safe harbor clause.
Certain statements in this call concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements
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