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Updater Services Ltd
NSE:UDS

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Updater Services Ltd
NSE:UDS
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Price: 183.09 INR -1.59% Market Closed
Market Cap: 12.3B INR

Updater Services Ltd
Investor Relations

Updater Services Ltd is a IN-based company operating in industry. The company is headquartered in Chennai, Tamil Nadu. The company went IPO on 2023-10-04. Updater Services Limited is an India-based integrated business services platform offering integrated facilities management (IFM) services and business support services (BSS). Its segments include IFM & Other Services and BSS Segment. Its IFM services segment primarily comprises soft services such as housekeeping and cleaning services, disinfecting and sanitizing services, pest control, horticulture, and facade cleaning; production support services, such as material handling, material movement, on-site warehouse management, stores and inventory management; engineering services, such as mechanical, electrical and plumbing (MEP) services; and washroom and feminine hygiene care solutions. Its other services segment primarily comprise warehouse management, institutional catering, staffing, and others. Its BSS segment includes sales enablement services, employee background verification check, audit and assurance, airport ground handling, and mailroom management and niche logistics solutions.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 6, 2025
AI Summary
Q2 2026

Tough Quarter: Updater Services faced a challenging Q2, with margin pressure and weaker results in some segments, particularly BSS.

IFM Growth: Integrated Facilities Management (IFM) segment grew 10% YoY in H1, with management targeting 12%–13% growth for the full year.

BSS Weakness: BSS segment growth was limited (~1.5% in H1), with overall FY growth expected at 3–4% due to customer-specific slowdowns and sector headwinds.

Margin Outlook: IFM EBITDA margin around 5% in H1, with management expecting only a slight improvement in H2 and targeting about 4% PAT margin for the year.

Cash Flow & Receivables: Cash conversion was impacted by upfront costs for new contracts and working capital build-up, but normalization is expected from Q3 onwards.

Avon Issue: INR 280 million in Avon receivables under review, with a provision of INR 30 million taken and further investigation ongoing.

Full-Year Guidance: Company expects consolidated revenue growth of 9–10% for FY26.

Key Financials
IFM Revenue
INR 9,608 million
IFM EBITDA
INR 476 million
IFM EBITDA Margin
5% (H1)
PAT Margin (Overall)
3.4% (H1)
Avon Provision
INR 30 million
Working Capital Build-up
INR 50–60 crore
Debt Repaid
INR 44 crore
Employee Headcount
74,500–75,000
Other Earnings Calls

Management

Mr. Raghunandana Tangirala
Founder, Chairman & MD
No Bio Available
Ms. Radha Ramanujan
Group Chief Financial Officer
No Bio Available
Ms. Sandhya Saravanan
Company Secretary & Compliance Officer
No Bio Available
Mr. C. R. Saravanan
Chief Operating Officer
No Bio Available
Parthiban M
Manager of HR
No Bio Available
Mr. B. R. Om Prakash
Chief Operations Officer of Technology
No Bio Available
Mr. Shashidhar Shetty
Senior Vice President of Mumbai, Gujarat, AP & Telangana
No Bio Available
Mr. Snehashish Bhattacharjee
Global Chief Executive Officer of Denave India Private Limited
No Bio Available
Mr. P. Ravishankar
Chief Executive Officer of Matrix Business Services India Private Limited
No Bio Available

Contacts

Address
TAMIL NADU
Chennai
# 2/302a, Uds Salai, Off Old Mahabalipuram Road, Thoraipakkam
Contacts
+914424963234
www.uds.in