Updater Services Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Updater Services reported Q4 revenue of INR725.6 Cr, up 14% YoY, with EBITDA margin at 7.2% and PAT rising 42% to INR34.2 Cr. FY25 revenue grew 12% to INR2771.7 Cr; PAT surged 80% to INR119 Cr. IFM contributed 66% of revenue, growing 10% with margin expansion, while BSS grew 17%, delivering 9.6% EBITDA margin. Management emphasized improved contract quality, AI-driven BSS growth, and mid-double-digit growth outlook for IFM. Order intake remains strong with 112 new clients added. The company is net cash, with ROCE at 22.1%, and focused on margin expansion and selective acquisitions in asset-light BSS businesses.