Updater Services Ltd

📊 Updater Services FY26 Highlights: Revenue Hits INR2,960 Cr (+7% YoY) | Strategy Focus on Profitable Growth & Tech Integration

- FY26 revenue grew 7% YoY to INR2,960 crores.

- IFM segment surged 10% YoY to INR1,995 crores (67% of total revenue).

- BSS segment grew 1% to INR966 crores (33% share).

- Adjusted EBITDA stood at INR176 crores (5.9% margin).

- IFM EBITDA margin: 4.5%; BSS EBITDA margin: 8.8%.

- PAT reached ~INR83 crores.

- Net debt-to-equity at -0.24, backed by INR450 crores cash for acquisitions/shareholder rewards.

- Denave revenue up 11% (INR590 Cr); Athena revenue fell to INR113 Cr (21% EBITDA margin).

- Matrix revenue declined 11% (INR14.9 Cr EBITDA).

- Global Flight Handling EBITDA improved to 6% (vs 3% last year).

16. Added 30 IFM & 49 BSS (Denave) new logos in FY26.

17. FY27 focus: Contract profitability, tech integration, operational efficiency.