The company had posted a net profit of Rs 12.90 crore in the January-March quarter a year ago, Subex said in a BSE filing.
Subex Ltd on July 4 said it has converted a part of its USD 4.10 million bonds into equity, following which the company's share capital has risen to Rs 506 crore from Rs 504 crore
Subex Ltd, a provider of telecom software products, has entered into an agreement to sell its activation business to NetCracker. Subash Menon, chief executive officer and managing director of Subex said, EBITDA will improve post this deal.