Board Meeting Details

The Board of Directors meeting was held on July 30, 2026, commencing at 3:00 PM and concluding at 6:55 PM. The meeting approved:

1. Unaudited Standalone and Consolidated Financial Results for quarter ended June 30, 2026

2. Declaration of Interim Dividend of ₹1 per equity share (10% of face value ₹10)

Financial Results - Standalone (₹ millions)

Quarter Ended June 30, 2026:

  • Revenue from operations: 4,634.95
  • Other income: 26.16
  • Total Income: 4,661.11
  • Total Expenses: 4,481.43
  • Profit before tax: 179.68
  • Tax expense: 7.95 (Current tax: 25.10, Deferred tax credit: 17.15)
  • Profit after tax: 171.73
  • Other Comprehensive Loss: (2.20)
  • Total Comprehensive Income: 169.53
  • EPS (Basic & Diluted): ₹2.56

Comparative Figures (Quarter Ended June 30, 2025):

  • Revenue from operations: 4,160.87
  • Profit after tax: 156.23
  • EPS: ₹2.33

Financial Results - Consolidated (₹ millions)

Quarter Ended June 30, 2026:

  • Total Income: 7,687.70
  • Total Expenses: 7,356.19
  • Profit before tax: 331.51
  • Tax expense: 28.68 (Current tax: 52.38, Deferred tax credit: 23.70)
  • Profit after tax: 302.83
  • Profit attributable to equity holders: 297.23
  • Total Comprehensive Income: 302.09
  • EPS (Basic & Diluted): ₹4.44

Segment Reporting - Q1 FY27:

  • Integrated Facility Management Services (IFM): Revenue: 5,275.01 | Segment profit: 215.02
  • Business Support Services (BSS): Revenue: 2,550.69 | Segment profit: 133.45
  • Total segment assets: 16,904.42
  • Total segment liabilities: 6,042.77
  • Capital employed: 10,861.65

Dividend Declaration

  • Interim Dividend: ₹1 per equity share of face value ₹10 each for FY 2026-27
  • Record Date: August 5, 2026 (Wednesday)
  • Payment Date: On or before August 28, 2026 (Friday)

Labour Codes Impact

The Company recorded an exceptional item of ₹40.67 million in FY26 due to implementation of four Labour Codes notified on November 21, 2025. This non-recurring impact primarily arose from changes in wage definition. Management does not foresee material adjustments in current quarter results.

Subsidiaries Included

The consolidated results include Updater Services Limited and its subsidiaries: Wynwy Technologies, Global Flight Handling Services (with 5 step-down subsidiaries), Fusion Foods, Avon Solutions, Matrix Business Services, Washroom Hygiene Concept, UDS Foundation, Denave India (with 5 international step-down subsidiaries), and Athena BPO (with 1 step-down subsidiary).

Auditor's Qualification

The review report is unqualified. Figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and previously reviewed quarterly figures.