Updater Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Updater Services Limited reported audited standalone revenue of ₹17,624 million for FY2026, up 10.7% from ₹15,917 million in FY2025. However, standalone profit after tax declined sharply to ₹529 million from ₹793 million (down 33%). Consolidated revenue grew to ₹29,395 million from ₹27,361 million (up 7.4%), with consolidated PAT at ₹828 million versus ₹1,190 million (down 30.4%). The company had exceptional items including reversal of impairment losses of ₹224.65 million and statutory impact of new labour codes of ₹40.67 million (standalone). The auditor issued an unqualified opinion. Note 9 indicates that financial results for prior periods were restated due to merger of ITSS with Wynwy Technologies (common control transaction). Operating cash flows remained positive at ₹609 million (standalone).
The sharp decline in profitability despite modest revenue growth signals margin compression and may concern investors. The PAT decline of over 30% year-over-year indicates significant pressure on earnings. However, positive operating cash flows and the unqualified audit opinion provide some comfort about the company's financial health.