Updater Services Limited witnessed a significant surge in its stock price, rising 7% following its robust Q3 FY25 financial results. The company reported a net profit of ₹30.88 crore for the quarter ending December 2024, marking an impressive 48.25% growth compared to ₹20.83 crore in the corresponding period of the previous year.
Sales for the quarter also grew by 9.25%, reaching ₹694.89 crore as against ₹636.05 crore in Q3 FY24. Operational efficiency further boosted the company’s performance, with the operating profit margin (OPM) improving to 6.65% from 5.47%. The profit before depreciation and tax (PBDT) rose 25% to ₹49.91 crore, while profit before tax (PBT) increased significantly by 52% to ₹37.84 crore.
Shares of Updater Services Limited traded at ₹340.65, up 6.4%, with a day range of ₹331.25 to ₹362.05. The stock is currently trading within a year range of ₹244.50 to ₹438.60 and boasts a market capitalization of ₹2,295 crore. The company’s price-to-earnings (P/E) ratio stands at 20.05, with an average trading volume of 176.33K shares.
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