Updater Services Limited (UDS) Earnings Call Transcripts

Updater Services Limited's Latest Earnings Call - Q4 FY2026

Updater Services Limited (UDS:IN) reported its Q4 and FY '26 earnings, highlighting a challenging year with a 7% YoY revenue growth to INR 2,960 crores. The company faced internal and external challenges, notably a provision of INR 23 crores for receivables in its Avon subsidiary. Despite these issues, the IFM segment grew 10% YoY, while BSS grew 1%. EBITDA margins were impacted, standing at 5.9% for the year. Management expressed confidence in capturing future growth opportunities, driven by structural industry tailwinds and a focus on technology-led operational improvements. Guidance for FY '27 indicates expectations for high single-digit growth in the IFM segment.

Reported metrics

Guidance from management

Management expects high single-digit growth in the IFM segment for FY '27, driven by industry tailwinds and expanded opportunities in manufacturing and real estate.

What management said

So Kushal, normally, what -- that's a great question. Normally, what tends to happen is that when you start the year, you start with about 80%, 85% visibility and you build the balance 15% or thereabouts, right? And that is exactly what has happened this year as well, and we are clearly seeing that. So we have visibility of between 85% and 90%. The balance 10% or thereabouts, we'll have to find.

So it is still on. The conversations have taken longer than what we had envisaged. But the DD is almost closed, but there are other negotiating items that are right now being done. At this point in time, we cannot guarantee that a deal will happen, but we remain cautiously hopeful.

What analysts pressed on

Analysts expressed concerns about the impact of Avon provisions on profitability and sought clarity on cash utilization strategies. Questions were raised about the visibility of FY '27 revenue and potential client losses in the Athena business.

Main topics on the call

• Leadership Changes — Amitabh Jaipuria was elevated to Senior Executive Director, and Ram Praveen was appointed as Group Financial Officer. Management emphasized their roles in driving operational excellence and financial transformation.
• Avon Subsidiary Challenges — Avon faced a provision of INR 23 crores related to receivables in its logistics and freight brokerage business. Management stated, 'We don't expect this to be a recurring issue.'
• IFM Segment Growth — The IFM segment grew 10% YoY, driven by demand across manufacturing, healthcare, and commercial real estate. Management highlighted a 'high single-digit growth' expectation for FY '27.
• BSS Segment Performance — BSS revenue was flat YoY at INR 965 crores, with Denave growing 11% but offset by declines in Athena and Matrix. EBITDA margins improved to 11% in Q4.

Read the full Updater Services Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 9 Updater Services Limited earnings call transcripts on record, spanning February 12, 2024 to July 31, 2026. Based on this history, Updater Services Limited reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

UDS

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

9

First call

February 12, 2024

Most recent

July 31, 2026

Reporting cadence

quarterly