Updater Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Updater Services reported Q1 FY27 consolidated revenue of Rs 764 crore, up 9% year-on-year, with the IFM segment growing 11% to Rs 525 crore and the BSS segment growing 7% to Rs 253 crore. Consolidated EBITDA stood at Rs 42 crore with a margin of 5.5%, and consolidated PAT was Rs 30.3 crore for the quarter. Management also discussed the Board's approval of an interim dividend of Rs 1 per share and highlighted margin improvement in the Matrix business alongside continued investment in agentic AI capabilities across Denave and Athena.
Updater Services reported FY26 revenue growth of about 7% year-on-year to Rs 2,960 crore, with the IFM segment growing 10% and BSS growing 1%. Management addressed a provisioning issue at its Avon subsidiary related to receivables from a logistics and freight brokerage business, taking a total provision of approximately Rs 23 crore over two quarters. Segment CEOs of Denave, Athena and Matrix now report directly to the Managing Director following an organizational simplification.