Updater Services Limited has informed the Exchange about Transcript
UDS · price
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Updater Services (UDS) reported Q1 FY26 revenue of INR 7,053 million, up 7% year-on-year, with EBITDA of INR 444 million (6.3% margin) and PAT of INR 290 million, up 13% year-on-year. The IFM segment grew 10% to INR 4,679 million, while the BSS segment was broadly flat at INR 2,374 million. Management maintained guidance of 13-15% revenue growth for IFM and 15% CAGR for BSS, with overall PAT growth expected around 15% for the year. Headwinds included IT sector slowdown impacting the EBGC business, a key BFSI client moving Bangalore operations in-house (pressuring Athena margins from 23% to 21%), and one-off provisions of around INR 6 crores for delayed receivables. The company added 5 new IFM logos and 9 new BSS logos, including wins from SAP, Palo Alto, Amazon e-com, Lodha, and Bajaj Electricals. Cash balance stood at INR 250 crores with net debt-to-equity at negative 0.2x and ROCE at 17.9%.
Mixed near-term outlook — strong headline PAT growth and solid cash position support stability, but BSS margin pressure (Athena's new normal around 20-21% versus earlier 25%+) and continued IT sector weakness are near-term concerns. Overall guidance remains constructive with 15% PAT growth targeted, which should support sentiment though stock may stay range-bound until BSS recovery is visible.