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Updater Services reported healthy Q2 results with revenue growing 11% YoY, driven by margin expansion across IFM and BSS segments.
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 Ltd (UDS) delivered 9% YoY revenue growth in Q1 FY27, characterized by strong performance in the Business Support Services (BSS) segment, specifically the Matrix sub-segment, despite volume challenges in certain traditional audit/tech sectors.
Updater Services reported Q1 FY27 revenue of ₹7,643 Mn (+9% YoY) and PAT of ₹303 Mn (+4% YoY). Focus remains on integrating AI/automation to rationalize employee costs and maintaining market leadership in IFM and BSS segments.
Updater Services reported FY26 revenue of ₹2,960cr, up 7% YoY, despite headwinds in subsidiaries. Focus shifting to tech-led operational excellence and AI integration.
Updater Services (UDS) reported 7% revenue growth for FY26 but faced significant headwinds from a ₹23 crore provisioning loss at subsidiary Awan. Management is pivoting toward AI-led sales enablement (Athena/Denave) to offset traditional business softness.
Updater Services Ltd delivered FY26 revenue of ₹29,602 Mn (+7% YoY) with an adjusted EBITDA margin of 5.9%. Strategic focus on BSS expansion continues.