UDS Updater Services Q2 FY26 results (Jul–Sep 2025) and concall
Updater Services reported mixed results for Q2 and H1 FY26, with strong 10% revenue growth in IFM but only 1% in BSS due to specific headwinds like the Avon issue and a slowdown in a large Denave customer. Margins were impacted by upfront costs for new contracts and provisions, leading to an H1 PAT margin of 3.4-3.5%. The company is actively addressing these challenges, targeting 9-10% consolidated revenue growth for FY26, and is pursuing a margin-accretive M&A target.
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What they filed
Q2 FY26: revenue up 7.2%, net profit down 28.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 680 | 695 | 709 | 700 | 729 +7% |
| EBITDA | 44 | 46 | 36 | 39 | 32 −27% |
| Net profit | 28 | 31 | 34 | 29 | 20 −29% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
