Updater Services reported Q1 FY'27 revenue of INR764 Cr, up 9% YoY, with IFM growing 11% and BSS 7%. Consolidated EBITDA was INR42 Cr (5.5% margin), PAT INR30.3 Cr.

An interim dividend of INR1/share was declared.

Management noted strong momentum in IFM (6 new logos) and BSS (4 new logos), driven by strategic simplification, cost optimization, and technology adoption like AI.

Airport Services achieved record 9% EBITDA.

Athena secured new clients and agentic AI projects, diversifying its portfolio.

Matrix profitability rebounded sharply.

The company maintains a net cash position and is confident in sustainable profitable growth, leveraging industry tailwinds and disciplined capital allocation.