Subex Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 672.9 million compared to INR 832.6 million a year ago. Revenue was INR 686.4 million compared to INR 8.5 million a year ago.

Net loss was INR 192.8 million compared to net income of INR 55.4 million a year ago. Basic loss per share from continuing operations was INR 0.35 compared to basic earnings per share from continuing operations of INR 0.1 a year ago. Diluted loss per share from continuing operations was INR 0.35 compared to diluted earnings per share from continuing operations of INR 0.1 a year ago.