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Subex Limited (subexltd) Q4fy26: Revenue Up 3%, Profitability Soars, AI Adoption Scales

Subex Limited (SUBEXLTD) Q4FY26 results show a 3% revenue increase, profitability surge, and strong AI adoption.

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Subex Limited Subexltd Q4fy26 Results

Subex Limited (SUBEXLTD) exits the year with a stronger balance sheet and improved profitability profile. Nisha Dutt, MD & CEO, highlighted the company’s focus on the telecom sector, where it continues to invest in core strengths and expand with AI-led offerings like FraudZapTM. In Q4FY26, revenue grew by 3% QoQ to ₹7,296 lakhs, with normalized EBITDA improving to ₹1,058 lakhs, reflecting a growth of 16.4%. Notably, normalized EBITDA margin stood at 14.5% in Q4FY26, a significant improvement from 7.5% in Q4FY25.

Financial Highlights

The company’s normalized PBT stood at ₹1,438 lakhs in Q4FY26, a 36.8% growth on a QoQ basis. Normalized PAT reached ₹1,151 lakhs in Q4FY26, driven purely by operational performance and non-operating gains. Subex’s cash & cash equivalents stood at ₹17,526 lakhs as on 31st March, 2026, reflecting continued liquidity stability.

Business Highlights

Subex has won new deals in North Africa for Enterprise Asset Management and in North America for AI Handset Fraud solution on FraudZapTM. The company also regained a competitor account for Business Assurance in the Middle East. With a focus on AI-led growth, Subex’s AI customer base has scaled to ~4x since the CEO took over. The company’s direction remains clear: double down where it has the right to win.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Subex Limited

Subex Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

SUBEXLTD
Technology › Software - Application
CONSOLIDATING DOWN
34
Fundamental
76
Technical
55
Overall

1W -7.5%
1M -12.57%
3M +20.04%
P/E: 31.1 Cap: Small
AI-Powered Analysis • TradeAlone
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Subex moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -4.9% CAGR. That signals structural headwinds, not a short-term blip. The stock holds at 42% of its 52-week range with RSI at 66. In other words, neither side has a clear edge right now. Price climbs recently despite -4.9% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of Subex Limited.

INTELLECT

Intellect Design Arena Limited (intellect) Unveils Xponent Portfolio Navigator: a New AI Tool for Insurers

Intellect Design Arena Limited (INTELLECT) launches Xponent Portfolio Navigator, an AI tool for insurers to manage and act on their entire book.

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Intellect Design Arena Limited Intellect November 2026 AI Tool

Intellect Design Arena Limited (INTELLECT) has launched Xponent Portfolio Navigator, an AI portfolio steering application for commercial and specialty (Re)Insurers. This new AI application lets carriers, MGAs, and reinsurers spot portfolio drift, test each quote’s impact before binding, and act on one policy or 30,000 in a single step.

Enhanced Portfolio Management

Xponent Portfolio Navigator closes the gap between portfolio analytics and underwriting workflow by combining these elements in one application. Every number traces back to the underlying policies, quotes, and claims, providing a comprehensive view of the entire portfolio. This tool enables insurers to act on issues immediately, rather than waiting for quarterly reports to identify problems.

Built on Purple Fabric

The application is built on Purple Fabric, Intellect’s governed AI platform, which allows insurers to decide whether AI agents handle the work or a person reviews it, set the limits for automation, and maintain a full audit trail of every decision. This flexibility ensures that insurers can tailor the tool to their specific needs and workflows.

As a result, Xponent Portfolio Navigator is now available in two ways. Insurers can add it to Intellect Xponent, IntellectAI’s underwriting workbench, or buy it on its own and connect it through APIs to existing policy administration, claims, and data warehouse systems. This innovation marks a significant step forward in portfolio management for the insurance industry.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Intellect Design Arena Limited

Intellect Design Arena Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

INTELLECT
Technology › Software - Application
CONSOLIDATING DOWN
54
Fundamental
58
Technical
56
Overall

1W -20.33%
1M -12.63%
3M -29.48%
P/E: 20.4 Cap: Mid
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Intellect drops 15.7% over three months and trades near its 52-week lows. The PEG of 2.90 makes it expensive versus peers. The premium needs earnings to catch up quickly. Revenue grows at 10.8% and profits at 8.9% CAGR. However, that pace does not justify a premium multiple. The stock sits at 11% 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 10.8% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Intellect Design Arena Limited.

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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.

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Excelsoft Technologies Limited Excelsoft Q2 FY27 Results

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 › sector. Here’s a quick read on where the business and the stock stand today.

EXCELSOFT
Technology › Software - Application
APPROACHING SUPPORT
74
Fundamental
54
Technical
64
Overall

1W -10.13%
1M -6.3%
3M +0.28%
P/E: 17.2 Cap: Small
AI-Powered Analysis • TradeAlone
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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.

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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.

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Iris Regtech Solutions Limited IRIS Q2 FY27 Results

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 › sector. Here’s a quick read on where the business and the stock stand today.

IRIS
Technology › Software - Application
CONSOLIDATING DOWN
70
Fundamental
42
Technical
56
Overall

1W +4.18%
1M +2.97%
3M -10.21%
P/E: 35.9 Cap: Small
AI-Powered Analysis • TradeAlone
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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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