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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 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 appointed R.G.N. Price & Co. as internal auditor for April 2026 to March 2027. The appointment is routine and discloses no financial value.
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.
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.
Updater Services Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI regulatory requirements.
Updater Services is voluntarily closing its step-down subsidiaries, Denave Europe Limited and Denave Korea Limited, to focus on more promising group opportunities.
Updater Services Ltd announced that ICRA has reaffirmed credit ratings for its bank facilities totaling ₹214 Crore.
Updater Services Limited received a reaffirmation of its credit ratings from ICRA Limited for its various bank facilities.
Promoter Raghunandana Tangirala acquired 26,000 shares of Updater Services Limited via open market. This transaction increases his stake by 0.0388%.
Raghunandana Tangirala, a promoter of Updater Services Ltd, acquired 26,000 equity shares via open market purchase for ₹0.49 Crore.