Software - Application
Subex Limited (subexltd) Q1fy27: Revenue Up 8.9% Qoq, Normalized Ebitda Margin Grows 640bps
Subex Limited (SUBEXLTD) Q1FY27 results show revenue up 8.9% QoQ, normalized EBITDA margin grows 640bps, and EPS at ₹0.26.
Subex Limited (SUBEXLTD) reported strong financial updates for Q1FY27, showcasing significant growth and operational efficiency. The company’s revenue grew by 8.9% quarter-over-quarter to ₹7,945 lakhs, marking a 19.6% year-over-year increase. Normalized EBITDA improved to ₹1,687 lakhs, reflecting a 59.5% growth compared to ₹1,058 lakhs in Q4FY26.
Financial Highlights
The normalized EBITDA margin stood at 21.2% in Q1FY27, a notable 640bps increase from the previous quarter’s 14.5%. The normalized PBT stood at ₹1,833 lakhs, a 27.5% growth on a quarter-over-quarter basis. Normalized PAT percentage stood at 20.3% in Q1 FY27, up from 15.8% in Q4 FY26, driven by operational performance and non-operating gains.
Business Highlights
Subex Limited secured new deals with European, Middle East, and African operators, renewing managed services and licenses. The company’s focus on performance efficiency management (PEM) has started to deliver results. Additionally, Subex participated in the GSMA FASG thought leadership event in Singapore, reinforcing its industry presence.
The company’s cash and cash equivalent position remains healthy at ₹18,480 lakhs, reflecting continued liquidity stability. Subex Limited continues to leverage its strong annuity model and extensive telecom domain expertise to drive growth and efficiency.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Subex Limited
Subex Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
Subex gains 30.4% over three months and trades near its 52-week highs. Revenue grows at only 0.0% and profits at 0.0% CAGR. In effect, the business treads water. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock trades at 90% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 30.4% in three months. Yet revenue grows at only 0.0% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of Subex Limited.
EXCELSOFT
Excelsoft Technologies Limited (excelsoft) Q2 & H1 FY27: Revenue Growth of 25% in Q2 and 34% in H1
Excelsoft Technologies Limited (EXCELSOFT) reports strong revenue growth of 25% in Q2 and 34% in H1 FY27, driven by AI-led innovation.
Excelsoft Technologies Limited (EXCELSOFT) announced its un-audited financial results for the second quarter and half year ended September 30, 2026. The company reported a robust revenue growth of 25.22% year-on-year to ₹808.99 million in Q2 FY27, compared with ₹646.07 million in Q2 FY26. For H1 FY27, revenue from operations increased 33.94% year-on-year to ₹1,611.62 million, compared with ₹1,203.25 million in H1 FY26.
Operational Highlights
Excelsoft continued to advance the development of its proprietary products and technology platforms, focusing on strengthening capabilities across the learning and assessment lifecycle. The company’s ongoing work includes AI-enabled solutions for item generation and validation, handwriting digitization, AI-assisted marking, proctoring, and analytics.
Education Technology Services
Education Technology Services contributed ₹491.44 million, representing 60.75% of Q2 FY27 revenue, and recorded year-on-year growth of 41.90%. Revenue from services increased 53.90% year-on-year, reflecting continued traction across the company’s technology and platform services.
International Expansion
The company is strengthening its overseas sales team to expand international market coverage, deepen customer engagement, and enhance customer acquisition efforts across key geographies. This investment is aimed at building a stronger sales funnel and supporting the company’s next phase of growth.
Commenting on the company’s performance, Mr. Dhananjaya Sudhanva, Managing Director, Excelsoft Technologies, said: “Excelsoft delivered a healthy revenue performance in the first half of FY27, driven by continued momentum in Education Technology Services and sustained demand for our digital learning and assessment solutions. Our growth reflects deeper customer relationships, successful program execution, and expanding opportunities across international markets. Looking ahead, we remain focused on executing existing programs, improving operational efficiency, and converting business opportunities into sustainable growth. We remain on track to deliver our committed top-line growth for FY27 and are confident in Excelsoft’s long-term growth prospects.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Excelsoft Technologies Limited
Excelsoft Technologies Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
Excelsoft rises 10.1% over three months, with buying pressure holding steady. The PEG of 0.78 signals undervaluation relative to growth. It is a potential re-rating candidate. Revenue grows at 11.8% and profits at 24.6% CAGR. The market consistently rewards this kind of compounding. Buyers show up with 3.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Revenue grows at 11.8% and profits at 24.6%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Excelsoft Technologies Limited.
IRIS
Iris Regtech Solutions Limited (iris) Q2 & H1 FY27: Revenue Up 32%, ARR Grows 27%
IRIS RegTech Solutions Limited (IRIS) reports a 32% revenue growth and 27% ARR increase for Q2 & H1 FY27, showcasing strong performance in SupTech and RegTec.
IRIS RegTech Solutions Limited (IRIS) has announced impressive financial results for Q2 & H1 FY27, highlighting a robust growth trajectory. The company’s revenue surged by 32% to ₹7,617 crore compared to ₹5,749 crore in the same period last year. Annual Recurring Revenue (ARR) also saw a significant increase of 27% to ₹9,260 crore as of 30th September 2026, up from ₹7,310 crore as of 31st March 2026.
SupTech Expansion and Growth
The SupTech segment, which focuses on providing infrastructure for regulators, has been a key driver of this growth. The company’s revenue from SupTech climbed by 25% year-on-year to ₹4,130 crore in H1 FY27, compared to ₹3,280 crore in H1 FY26. The ARR for SupTech also grew by 10% since March 2026 to ₹2,310 crore as of 30th September 2026.
RegTech Success and Market Penetration
IRIS’s RegTech segment, which offers reporting platforms for enterprises and banks, continues to expand its market presence. The company’s ARR for RegTech increased by 52% since March 2026 to ₹5,700 crore as of 30th September 2026. This growth is driven by the adoption of IRIS CARBON, a comprehensive disclosure management platform that integrates siloed data and teams, leading to higher ticket sizes and deeper customer engagement.
As a result, IRIS RegTech Solutions Limited is well-positioned to leverage its deep expertise in regulatory technology to deliver innovative solutions that meet the evolving needs of regulators and enterprises across the globe.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of IRIS RegTech Solutions Limited
IRIS RegTech Solutions Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
IRIS falls 13.0% over three months and has not found a floor yet. The PEG of 0.16 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock sits at 5% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 20.4% and profits at 209.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 13.0% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of IRIS RegTech Solutions Limited.
IRIS
Iris Regtech Reports Strong Q2 FY27 Performance; Revenue Up 35% Yoy
IRIS RegTech Solutions Limited (NSE: IRIS) reports strong Q2 FY27 performance with revenue up 35% YoY, driven by robust SaaS momentum.
IRIS RegTech Solutions Limited (NSE: IRIS), a global RegTech company, announced its financial results for the second quarter and half year ended 30 September 2026. Operating revenue grew 35% year on year (YoY) in Q2 FY27 and 33% YoY in H1 FY27. Annual Recurring Revenue (ARR) in the RegTech segment rose 42% year to date (YTD), driven by strong traction in IRIS CARBON, the enterprise SaaS offering from IRIS.
Robust SaaS Momentum Drives ARR Growth
EBITDA for Q2 FY27 stood at INR 4.1 crore, compared with INR 2.7 crore in Q2 FY26 and INR 0.8 crore in Q1 FY27. The company’s flagship SaaS platform, IRIS CARBON, saw significant growth due to new customer wins in disclosure management and a large engagement with a global energy major.
Positive Outlook for Continued Growth
K. Balachandran, Co-Founder and CEO of IRIS RegTech Solutions Limited, stated: ‘We are pleased with our first half performance, led by strong growth in IRIS CARBON, our flagship SaaS platform, on the back of new customer wins in disclosure management.’ Vineet Kandoi, CFO, added: ‘While our first half performance has been encouraging, in order to sustain momentum, we plan to further invest in sales and marketing and in product innovation, including deepening our AI capabilities.’ The company remains focused on scaling its SaaS-led offerings and expanding its presence across key markets.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of IRIS RegTech Solutions Limited
IRIS RegTech Solutions Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
IRIS falls 13.0% over three months and has not found a floor yet. The PEG of 0.16 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock sits at 5% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 20.4% and profits at 209.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 13.0% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of IRIS RegTech Solutions Limited.
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