UPDATER SERVICES LIMITED

Updater Services Limited reported a 9% year-on-year revenue growth for Q1 FY '27, reaching INR764 crores, driven by strong performance in both the Integrated Facility Management (IFM) and Business Support Services (BSS) segments. The IFM segment grew by 11% to INR525 crores, benefiting from new client additions and increased demand for comprehensive workplace solutions. The BSS segment saw a 7% increase to INR253 crores, with notable growth in the sales enablement business under Denave, which reported an 18% rise in revenue. Management highlighted the importance of technology in enhancing operational efficiency and client engagement. An interim dividend of INR1 was approved, reflecting the company's commitment to capital allocation and shareholder returns. The management expressed confidence in sustaining growth amid favorable industry trends and a robust balance sheet.

Management emphasized strong growth and operational improvements across segments.