Updater Services Limited — PPTs, 06-02-2026: Investor Presentation

Updater Services saw Q3 revenue jump 10% YoY to 770.5 Cr, with 9M FY26 revenue at 2,210.6 Cr, up 8%. The Integrated Facility Management (IFM) segment led growth, hitting a record quarterly run rate with a 14% increase in Q3 and 11% for 9M. Business Support Services (BSS) grew 3% in Q3 and 2% for 9M. Overall, IFM contributes 66% of revenue.

The company is strategically focusing on enhancing customer relationships through cross-selling and leveraging technology and AI in BSS for efficiency and scalability. Growth will come from both organic initiatives and strategic acquisitions of high-margin businesses.

Recent highlights include a successful FY24 IPO raising 640 Cr. However, margins were impacted by one-time provisions of 20.1 Cr for Avon receivables in Q3 and 22.2 Cr for 9M, plus a 5.4 Cr exceptional charge from statutory changes for 9M. Management anticipates profitability to normalize as new contracts mature, with BSS investments poised for future gains.

Key 9M FY26 metrics: Adjusted EBITDA was 127.7 Cr (5.8% margin), PAT 55.4 Cr, and EPS ₹8.6. UDS remains a net cash company with -0.18 Net Debt/Equity and a 13.0% Adjusted ROCE.