ALFA Finder| 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
- ₹208.04
- Market cap
- ₹1,393 Cr
- Revenue (annual)
- ₹2,940 Cr
- Net profit (annual)
- ₹85.68 Cr
- P/E (TTM)
- 14.0×Sector 46.8×
- Promoter holding
- 59.13%+0.04% QoQ
- FII holding
- 1.45%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 Earnings Call Transcript: Key Takeaways
Updater Services reported healthy Q2 results with revenue growing 11% YoY, driven by margin expansion across IFM and BSS segments.
- Call
- Guides 100% growth
Updater Services Investor Presentation: Key Takeaways
H1 FY27 revenue ₹15,765 Mn (+10%), EBITDA ₹855 Mn (+21%), PAT ₹624 Mn (+28%); Q2 PAT ₹321 Mn (+62%). Strategy: integrated IFM plus BSS platform, organic and inorganic growth.
Updater Services Management Change
Updater Services named whole-time director Jigyasa Sharma as CEO-designate of subsidiary Matrix Business Services from December 2026. She becomes CEO from April 2027, succeeding retiring Ravi Shankar.
Updater Services Other Announcement
Updater Services appointed R.G.N. Price & Co. as internal auditor for April 2026 to March 2027. The appointment is routine and discloses no financial value.
- Execution
- April 01, 2026 to March 31, 2027
Updater Services Q2 FY27 Results: Net Profit ₹32.1 Cr, Up 62.1% YoY
Updater Services Ltd reported revenue from operations of ₹812.2 Cr (+11.4% YoY) and net profit of ₹32.1 Cr (+62.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹32.1 Cr · +62.1% YoY
Updater Services Board Meeting Date
Updater Services will meet on October 30, 2026 to approve unaudited quarterly and half-year results. The trading window stays closed until 48 hours after declaration.