Updater Services Limited — Investor Meet, 11-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Updater Services reported Q3 FY26 EBITDA (adjusted) of INR44.2 Cr (5.7% margin). IFM revenue grew 14% YoY to INR518.2 Cr. A full provision of INR23 Cr was made for Avon's halted logistics business receivables, confirmed by management as a one-off incident.

The company is strategically focusing on technology-led efficiency across IFM and BSS, aiming for 9-10% consolidated revenue growth and stable 6% ballpark EBITDA margins. Denave and Athena are adapting to AI, expecting margin stabilization. Cash of INR205.3 Cr is earmarked for value-accretive acquisitions, reflecting a proactive approach to growth and investor value.