Updater Services Ltd shares declined 3.54% to Rs 274.15 apiece on the NSE during Wednesday’s trading session following the company’s Q1 FY26 earnings announcement. The stock fell from a previous close of Rs 284.20, making it one of the notable losers in the session.
The dip in share price came despite a 13% year-on-year rise in net profit to Rs 289.9 crore in the June quarter, compared to Rs 256.3 crore in Q1 FY25. However, on a sequential basis, net profit declined 15% from Rs 341.9 crore in Q4 FY25.
Revenue from operations grew 7% YoY to Rs 705.3 crore but fell 3% quarter-on-quarter. EBITDA came in at Rs 443.5 crore, down 6% YoY and 15% QoQ, while EBITDA margin contracted to 6.3% from 7.2%.
The stock movement reflects investor concerns over declining operating margins and profitability on a sequential basis, despite the topline and PAT showing annual improvement. As of today, the company’s market cap stands at Rs 18,950 crore.
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