Subex revenue for Q3 grows to INR 1.32 bln

BSS provider Subex recorded net consolidated revenue of INR 1.32 bln for the fiscal third quarter, up from INR 1.26 bln in the same period last year. The product revenue for the company stood at INR 1.18 bln, contributing 89.36 percent of the consolidated revenue. Net profit grew to INR 285.38 mln, from INR 240.41 mln. The order intake for the continuing product business grew 15.5 percent to USD 23.1 mln. The company posted a product EBITDA of INR 439.76 mln, while the consolidated EBITDA for the period stood at INR 443.83 mln. The company expects product EBITDA to grow in the coming quarter.