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AlphaStreet Analysis

Subex Limited Q3FY23; 16% Fall in Revenue

Subex Ltd.’s revenue in Q3FY23 fell 16% to ₹ 7,366 lakhs. Consolidated Loss After Tax came at ₹ 468 lakhs. In this quarter’s results, the reports suggested that the fall in profits are due to the high level of expenses along with high levels of provisions and taxes.