Financial Performance Highlights

Q4 FY26 Performance:

  • Total revenue from operations: ₹7,495.7 million (3% YoY growth from ₹7,256.0 million in Q4 FY25)
  • Reported EBITDA: ₹493.5 million (-6% YoY from ₹522.7 million)
  • Reported EBITDA margin: 6.6% (vs 7.2% in Q4 FY25)
  • Profit before tax: ₹362.1 million (-7% YoY from ₹389.7 million)
  • Profit after tax: ₹273.7 million (-20% YoY from ₹341.9 million)
  • EPS - Basic: ₹4.2 (vs ₹5.2 in Q4 FY25)

FY26 Full Year Performance:

  • Total revenue from operations: ₹29,602.0 million (7% YoY growth from ₹27,717.3 million in FY25)
  • Reported EBITDA: ₹1,548.5 million (-23% YoY from ₹2,022.1 million)
  • Reported EBITDA margin: 5.2% (vs 7.3% in FY25)
  • Profit before tax: ₹960.8 million (-34% YoY from ₹1,447.3 million)
  • Profit after tax: ₹827.8 million (-30% YoY from ₹1,189.8 million)
  • EPS - Basic: ₹12.8 (vs ₹17.7 in FY25)

Adjusted Financial Metrics

The company reported one-time adjustments:

  • One-time loss on account of Avon receivable impact: ₹211.0 million for FY26 (₹201.0 million in Q3FY26)
  • Adoption of new Labour Codes resulted in exceptional charge of ₹54 million for higher gratuity provisioning
  • Adjusted EBITDA: ₹1,759.5 million for FY26 (-13% YoY from ₹2,022.1 million)
  • Adjusted EBITDA margin: 5.9% (vs 7.3% in FY25)
  • Adjusted PBT: ₹1,225.4 million for FY26 (-15% YoY from ₹1,447.3 million)
  • Adjusted PBT margin: 4.1% (vs 5.2% in FY25)

Segment Performance

Integrated Facility Management (IFM) & Other Services:

  • Represented 67% of total revenues in FY26
  • Delivered highest-ever annual revenue with growth momentum back on track
  • Headcount: 59,589 employees
  • 95% client retention over 5-year window

Business Support Services (BSS):

  • Represented 33% of total revenues in FY26
  • Investing in technology and AI-led solutions for improved efficiency
  • Headcount: 15,997 employees
  • 95% client retention over 5-year window
  • Denave subsidiary witnessed strong margin recovery in Q4FY26

Key Operational Metrics

  • ROCE: 14.9%
  • Net Debt to Equity: -0.24x
  • Cash & Cash Equivalents including Mutual Funds and FDs: ₹4,565.50 million as of March 31, 2026

Balance Sheet Position (Consolidated as of March 31, 2026)

  • Total Equity: ₹10,558.2 million (vs ₹9,646.1 million in FY25)
  • Total Liabilities: ₹5,840.2 million (vs ₹6,229.9 million in FY25)
  • Total Assets: ₹16,398.3 million (vs ₹15,876.0 million in FY25)
  • Cash and cash equivalents: ₹2,085.3 million (vs ₹1,185.0 million in FY25)
  • Trade receivables: ₹6,026.1 million (vs ₹6,081.9 million in FY25)

Cash Flow Statement (Consolidated FY26)

  • Net Cash from Operating Activities: ₹1,436.5 million (vs ₹508.4 million in FY25)
  • Net Cash from Investing Activities: ₹222.4 million (vs ₹185.5 million in FY25)
  • Net Cash from Financing Activities: -₹758.5 million (vs -₹345.1 million in FY25)
  • Net increase in Cash and Cash equivalents: ₹900.3 million (vs ₹348.8 million in FY25)

Strategic Business Overview

The company positions itself as a "Leading Integrated Business Service Platform" with:

  • PAN-India presence with large and efficient workforce
  • Track record of successful acquisitions funded through internal accruals
  • Longstanding customer relationships across diverse sectors
  • Technology-focused approach to business operations
  • Experienced professionally managed team

Growth Strategies

Key growth strategies highlighted include:

  • Expanding service offerings through strategic acquisitions
  • Technology and AI-led solutions for improved efficiency
  • Focus on outcome-based service delivery
  • Leveraging structural tailwinds from labor code formalization

Historical Financial Trends (5-Year)

The presentation includes historical financial data from FY22 to FY26 showing consistent revenue growth from ₹14,979.4 million in FY22 to ₹29,602.0 million in FY26, though with some margin compression in recent years.

Industry Outlook

The presentation references industry reports indicating:

  • Outsourced IFM market in India expected to grow at ~10.8% CAGR during 2023-2029
  • BSS segment expected to grow at ~15.3% CAGR during FY23-FY28
  • Structural shift towards organized, compliant players like UDS

Corporate Governance

Board of Directors includes:

  • Raghunandana Tangirala - Promoter, Chairman of the Board & MD
  • Amitabh Jaipuria - Senior Executive Director & Whole-Time Director
  • Several independent directors with extensive experience

CSR Activities

The company highlighted its CSR initiatives including Digital Pathshala for children with special needs, animal welfare activities, and support for eco-friendly products by marginalized women.