Subex Q2 net loss widens at Rs71.69 cr

Subex Q2 net loss widens at Rs71.69 cr

Mumbai: IT firm Subex Ltd said that its consolidated net loss for the second quarter ended 30 September stood at Rs71.69 crore, whereas it had a net loss of Rs34.82 crore over the corresponding period a year ago.

Consolidated net sales rose to Rs142.08 crore for the quarter under review from Rs102.98 crore for the same period last year, Subex Ltd said in a filing to the National Stock Exchange (NSE).

For the six months ended 30 September, it posted a consolidated net loss of Rs137.32 crore, while it had a consolidated net loss of Rs13.26 crore for the same period a year ago.

While, the firm’s consolidated net sales rose to Rs278.02 crore for the six months ended 30 September from Rs234.64 crore for the same period last year.

On a standalone basis, Subex registered a net loss of Rs64.46 crore for the September quarter, whereas it had a net loss of Rs1.52 crore for the same period last fiscal.

Shares of the company closed at Rs33.45, up 5.19% on the Bombay Stock Exchange (BSE).

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