Updater Services Ltd

Updater Services Q3 FY26: Revenue Up 10% YoY, Margins Impacted by One-Time Charges 📊

- 9M FY26 revenue reached ₹22,106 million

- Q3 FY26 revenue grew 10% year-over-year to ₹7,705 million

- 9M FY26 adjusted EBITDA margin stood at 5.8% (₹1,277 million)

- Q3 FY26 reported EBITDA declined 54% to ₹241 million

- Q3 adjusted EBITDA was ₹442 million after adding back one-time losses

- Exceptional items included ₹54 million charge from new labour code and ₹201 million provision for Avon receivables

- IFM segment achieved its highest-ever quarterly revenue run rate

- BSS segment invested in technology and AI solutions, with temporary margin impact from upfront costs

- Net debt to equity ratio was -0.2x, indicating strong financial position

- Employee headcount: BSS at 16,146 and IFM at 60,122