Subex posts profit at Rs 16.37 cr in Q3

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Subex posts profit at Rs 16.37 cr in Q3

Subex has reported a profit of Rs 16.37 crore in the third quarter of FY12 as against loss of Rs 12.9 crore in the previous quarter, seeing nice turnaround due to lower MTM loss on FCCBs.

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Subex has reported a profit of Rs 16.37 crore in the third quarter of FY12 as against loss of Rs 12.9 crore in the previous quarter, seeing nice turnaround due to lower MTM loss on FCCBs.

Adjusted PAT rose 28.6% to Rs 31.5 crore versus Rs 24.5 crore quarter-on-quarter. The company reported an exceptional loss of Rs 12.17 crore versus loss of Rs 37.8 crore due to mark-to-market loss on FCCBs.

Subex got fund raising approval of USD 135 million during October-December quarter.

Net sales increased to Rs 131.4 crore from Rs 128.1 crore quarter-on-quarter. EBITDA too moved up to Rs 44.4 crore from Rs 37.2 crore.