The shares of this business services provider gained up to 6 percent after the company’s net profit and revenue increased by 116 percent and 12 percent YoY, respectively in Q1FY25.
With a market capitalization of Rs 2,116.57 crore, the shares of Updater Services Ltd closed at Rs 314.35 apiece, increasing around 1.53 percent as compared to the previous closing price of Rs 309.60 per share.
Is Updater Services a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
Reason for rise:-
The share of the company has seen positive movement after Updater Services Ltd’s revenue zoomed by 3 percent on a quarter-on-quarter basis from Rs. 632 crores in Q4FY24 to Rs.652 crores in Q1FY25. Further, revenue magnified by 12 percent yearly from Rs 578 crores in Q1FY24 to Rs. 652 crores in Q1FY25.
Updater Services Ltd’s net profit increased by 8 percent on a quarter-on-quarter basis from Rs. 24 crores in Q4FY24 to Rs 26 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 116 percent from Rs. 12 crores in Q1FY24 to Rs. 26 crores in Q1FY25.
Footprint & service segment:-
The company is present in India through 5100 Customer Locations, 116 Points of Presence, and 15 Overseas points of presence. UDS also has a presence in Southeast Asia, South Korea, and Europe.
The company is an Integrated Business Services Platform a unique mix of businesses transforming from only IFM to the integrated platform with BSS. The company transformed into an integrated business services platform offering IFM services and BSS-led through strategic acquisitions and Organic Growth with a pan-India presence.
Ratio analysis:-
Examining the company’s crucial ratio, return on equity declined from 9.89 percent in FY22-23 to 4.67 percent in FY23-24, while during the same time frame return on capital employed also declined from 11.04 percent to 6.50 percent. In contrast, the net profit margin (NPM) stands at 2.49 percent in fiscal year 23-24.
Company Snapshot:-
Updater Services Limited is an India-based business services platform that provides facilities management (IFM) and business support services. It has two segments: IFM & Other Services and BSS Segment.
Written by:- Abhishek Singh
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