Software - Application
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.
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 Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
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.
RATEGAIN
Rategain Travel Technologies Limited (NSE: Rategain) Hosts Second Annual European Destinations Advisory Board in Athens
RateGain Travel Technologies Limited (NSE: RATEGAIN) announced its subsidiary Sojern’s second annual European Destinations Advisory Board in Athens.
RateGain Travel Technologies Limited (NSE: RATEGAIN) announced today that its subsidiary, Sojern, has convened its second annual European Destinations Advisory Board in Athens, bringing together senior marketing leaders from destinations across Europe to discuss the trends shaping the region’s tourism industry.
Event Highlights
The meeting comes at a pivotal moment for European tourism. Record-breaking heatwaves this summer pushed traveler demand toward shoulder seasons and cooler northern destinations, while escalating conflict in the Middle East redirected international flight demand toward Europe as travelers sought safer, more stable routes. Against this backdrop, Sojern’s unification with Adara under RateGain arrives as destinations need sharper, faster insight into shifting behavior.
New and Returning Members
With the participation of the Greek National Tourism Organisation (GNTO), Sojern is pleased to welcome the newest members to its 2026 European Destinations Advisory Board: Abigail Sigüenza, Strategic Marketing Director, Madrid Destino; Victor Goitia, Marketing Director, Costa Brava Girona Tourism Board; and Chris McDonald, Partnership Marketing Campaigns Lead, VisitScotland. New board members will join returning members from the board’s inaugural year, including Hervé Le Feuvre, Head of Marketing, Atout France; Emma Gordon, Senior Marketing Manager, Marketing Manchester; and others.
Future Directions
Discussions during the meeting focused on the combined strength of Sojern and Adara following the RateGain acquisition, the next evolution of Sojern’s Economic Impact Report (EIR)—which helps destinations measure and demonstrate the return on their marketing investment—and the growing role of AI in destination marketing and partnerships. By fostering collaboration and knowledge sharing among destination leaders, the Advisory Board helps inform broader industry conversations and ensures Sojern’s solutions continue to evolve in line with the needs of European destinations.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Rategain Travel Technologies Limited
Rategain Travel Technologies Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
Rategain falls 9.3% over three months and has not found a floor yet. Revenue grows at 47.8% and profits at 41.6% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. Sellers drive 1.6x the volume of buyers. Furthermore, they controlled 14 of recent sessions versus 16 for buyers — a clear distribution signal. Revenue grows at 47.8% and profits at 41.6% CAGR, with D/E of 0.00. Meanwhile, the stock dips 9.3% 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 Rategain Travel Technologies Limited.
RATEGAIN
Rategain Travel Technologies Limited (NSE: Rategain) Partners with Vietnam Airlines to Enhance Competitive Pricing Intelligence
RateGain Travel Technologies Limited (NSE: RATEGAIN) partners with Vietnam Airlines to boost competitive pricing intelligence with its AirGain platform.
RateGain Travel Technologies Limited (BSE: 543417, NSE: RATEGAIN), a global leader in AI-powered SaaS solutions for the travel and hospitality industry, announced on October 7, 2026, that it has partnered with Vietnam Airlines to enhance its competitive pricing capabilities. This strategic collaboration leverages RateGain’s AirGain pricing intelligence platform, providing Vietnam Airlines with access to competitive fare intelligence across 300+ airlines, 170+ OTAs, and 50+ meta-search platforms.
Enhanced Competitive Pricing Intelligence
Through AirGain, Vietnam Airlines can monitor fare movements across direct and indirect channels, detect market shifts early, and make more deliberate, strategy-led pricing decisions. The platform supports high-frequency rate shopping and boasts a 99.95% uptime, ensuring reliable and timely data for revenue teams.
Growing Market Presence
Vietnam Airlines operates in one of the region’s fastest-growing travel markets, with over 21 million international arrivals in 2025 and a 17.7% year-on-year increase in Q1 2026. This partnership positions the airline to better compete in an increasingly dynamic market environment. Vinay Varma, Senior Vice President and General Manager at AirGain, RateGain, expressed enthusiasm for the collaboration, stating, ‘We are excited to partner with Vietnam Airlines as they continue to strengthen their position across international markets. In an environment where pricing decisions need to be both fast and precise, AirGain helps bring clarity to complex market signals, enabling teams to move from reactive adjustments to more proactive, strategy-led decisions’.
As part of this agreement, AirGain will soon introduce Smart Search, a natural language capability that allows revenue teams to query pricing insights directly, reducing dependence on multiple dashboards and making fare intelligence faster and more actionable.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Rategain Travel Technologies Limited
Rategain Travel Technologies Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
Rategain holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue grows at 47.8% and profits at 41.6% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. Sellers drive 1.6x the volume of buyers. Furthermore, they controlled 14 of recent sessions versus 16 for buyers — a clear distribution signal. Revenue grows at 47.8% and profits at 41.6% CAGR, with D/E of 0.00. Meanwhile, the stock dips 6.8% 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 Rategain Travel Technologies Limited.
RAMCOSYS
Ramco Systems Limited Partners with Baker Tilly SM Envoy Consultancy LLC to Simplify Payroll for UAE Businesses
Ramco Systems Limited partners with Baker Tilly SM Envoy Consultancy LLC to simplify payroll for UAE businesses, offering Ramco Payce alongside advisory serv.
Ramco Systems Limited has announced a strategic partnership with Baker Tilly SM Envoy Consultancy LLC to simplify payroll for businesses in the UAE. This collaboration aims to provide Ramco Payce payroll software alongside the firm’s existing accounting, tax, and advisory services. The partnership will allow clients to source payroll technology through an advisor they already work with, streamlining procurement and integrating payroll closer to their existing finance operations.
Enhanced Payroll Solutions
The partnership will offer Ramco Payce’s automation and self-service reporting features, helping payroll teams reduce manual effort and work with greater accuracy. Reefat Maniar, COO & Partner – Internal Audit, Baker Tilly SM Envoy Consultancy LLC, stated, “Our partnership with Ramco Systems allows us to offer our clients access to a proven payroll technology solution alongside our accounting, tax, and advisory expertise, helping them simplify their payroll processes while strengthening operational efficiency and accuracy.”
Commitment to Digital Transformation
Sandesh Bilagi, Chief Executive Officer, Ramco Systems, emphasized, “Businesses in the UAE need payroll that is accurate, compliant, and straightforward to run. By partnering with Baker Tilly, we are bringing Ramco Payce closer to organizations through an advisor that understands their finance and regulatory needs, reflecting our commitment to serving customers in the ways that work best for them.”
Rohit Mathur, Executive VP & SBU Head – Global Payroll & HR, Ramco Systems, added, “For payroll teams, the real measure of any solution is how much easier it makes each pay cycle. By reducing manual processing, Ramco Payce frees teams to focus on the judgements that only people can make, turning payroll from a back-office task into a source of insight for leadership.”
With new features around self-service reporting, actionable payroll workspace, and a quick implementation toolkit, Ramco Payce aims to deliver faster and smoother implementations. By leveraging robotic process automation, artificial intelligence, and machine learning, Ramco continues to offer a touchless payroll experience.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Ramco Systems Limited
Ramco Systems Limited belongs to the Technology › Software – Application sector. Here’s a quick read on where the business and the stock stand today.
Ramco falls 34.2% over three months and has not found a floor yet. Thin margins at 5.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock holds at 35% of its 52-week range with RSI at 44. In other words, neither side has a clear edge right now. Revenue grows at 12.5% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Ramco Systems Limited.
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