Updater Services Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Updater Services reported a challenging Q2 & H1 FY'26 but anticipates a stronger second half. Integrated Facilities Management (IFM) revenue grew 10% YoY to INR 960.8 Cr, with EBITDA at INR 47.6 Cr, though new client contracts impacted margins. IFM targets 10-12% full-year growth.

The Business Support Services (BSS) segment faced headwinds, including a slowdown for Denave from a large tech client, an IT hiring freeze impacting EBGC, and a INR 3 Cr provision for INR 28 Cr receivables under review at Avon. Full-year consolidated revenue growth is projected at 9-10%, with overall PAT margins around 4%. Management emphasizes cost optimization, tech-led efficiency, and client diversification, with a potential acquisition by Q4. The company expresses confidence in recovery and strengthening internal controls.