| Revenue growth | 7% YoY overall; IFM up 10%, BSS up 1%. |
|---|---|
| Margins | IFM margins 4.5%; BSS margins 8.8%; aiming for expansion via tech. |
| Order book | 30 new logos in IFM; 49 in Denave; 4 in Athena. |
| Demand visibility | 85-90% for FY27 based on existing contracts. |
| Management confidence | High on structural tailwinds from new labor codes and GCC growth. |
Growth
FY26 revenue grew 7% to ₹2,960cr. Adjusted EBITDA stood at ₹176cr (5.9% margin); PAT was ₹83cr.
Outlook
FY27 visibility at 85-90%; high single-digit IFM growth targeted; M&A in final negotiation stages; net cash positive.
Risks
AVON subsidiary receivables provision of ₹23cr; softness in IT/ITES hiring impacting background verification (Matrix) volumes.
Last quarter's promises, checked
Delivered
- Guided 10-12% IFM revenue growth → delivered 14% (= BEAT)
- Guided full provision for Avon receivables → delivered INR230m provision (= BEAT)
- Guided IFM revenue run rate growth → delivered highest ever INR5,182m (= BEAT)
Partly delivered
- Guided DSO improvement → delivered increase but with post-quarter recovery (= PARTIAL)
Missed
- Guided consolidated revenue growth 9-10% → delivered 7% (= MISS)
- Guided Denave margins at 5.2% → delivered 4% (= MISS)
- Guided Athena margins at 24% → delivered 20% (= MISS)
Earnings Call filed with BSE, NSE: UDS. Summary written with AI assistance from the document.
Updater Services Ltd: key numbers
- Share price
- ₹215.40
- Market cap
- ₹1,442 Cr
- Revenue (annual)
- ₹2,940 Cr
- Net profit (annual)
- ₹85.68 Cr
- P/E (TTM)
- 16.6×Sector 40.4×
- Promoter holding
- 59.09%+0.00% QoQ
- FII holding
- 3.50%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Updater Services Ltd
All →Updater Services Promoter Buying
Promoter Raghunandana Tangirala acquired 26,000 shares of Updater Services Limited via open market. This transaction increases his stake by 0.0388%.
- Promoter stake change
- +0.04%
Updater Services Promoter Buying: ₹0.49 Cr
Raghunandana Tangirala, a promoter of Updater Services Ltd, acquired 26,000 equity shares via open market purchase for ₹0.49 Crore.
- Value
- ₹0.49 Cr
- Promoter stake change
- +0.04%
Updater Services Management Change
Updater Services disclosed the resignation of MS Samriti Malhotra as CHRO effective September 7, 2026. No further disclosure is required for this senior management departure.
Updater Services Capital Structure Change
SIS Limited acquired 17,86,545 shares of Updater Services Limited via open market, increasing its stake in the target company from 7.33% to 10.00%.
Updater Services Annual General Meeting
Updater Services Limited held its 23rd Annual General Meeting on August 25, 2026. Shareholders transacted ordinary and special business items during the meeting.
Updater Services Management Change
Updater Services Limited appointed Rajeev Bhardwaj as Chief Operating Officer effective August 12, 2026. Saravanan C.R transitioned from COO to the newly created Chief Growth Officer role.