Updater Services Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Updater Services Ltd reported a 2.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.5%.
- Its expenses for the quarter were up by 1.4% QoQ and 6.5% YoY.
- The net profit increased 11.2% QoQ and increased 51.7% YoY.
- The earnings per share (EPS) of Updater Services Ltd stood at 4.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 700.56 | 686.92 | 645.40 | 2.0% | 8.5% |
Total Expenses | 660.93 | 651.55 | 620.43 | 1.4% | 6.5% |
Profit Before Tax | 37.84 | 35.37 | 24.95 | 7.0% | 51.7% |
Tax | 6.68 | 7.37 | 4.41 | -9.4% | 51.5% |
Profit After Tax | 31.15 | 28.01 | 20.54 | 11.2% | 51.7% |
Earnings Per Share | 4.60 | 4.20 | 3.10 | 9.5% | 48.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Updater Services Ltd is a company that operates within the service industry, offering a range of solutions tailored to meet diverse business needs. The company focuses on providing integrated facility management services, which may include cleaning, maintenance, and security services to various sectors. Updater Services Ltd is known for its commitment to delivering efficient and cost-effective solutions that help businesses optimize their operations. The company has been actively involved in expanding its service offerings and client base, although specific recent developments were not detailed in the provided data. The focus of Updater Services Ltd is on maintaining high service standards while exploring growth opportunities in its sector.
Revenue
For the third quarter of the financial year 2025 (Q3FY25), Updater Services Ltd reported a total income of ₹700.56 crores. This marks an increase from the previous quarter (Q2FY25), where total income was ₹686.92 crores, showing a quarter-over-quarter (QoQ) growth of 2.0%. Compared to the same quarter in the previous financial year (Q3FY24), where the total income was ₹645.40 crores, there has been a year-over-year (YoY) growth of 8.5%. The steady increase in total income indicates a positive trajectory in the company's revenue generation capabilities over the observed periods.
Profitability
Updater Services Ltd's profitability metrics demonstrate a positive trend in the latest quarter. The company recorded a profit before tax of ₹37.84 crores in Q3FY25, which is an improvement from ₹35.37 crores in Q2FY25, reflecting a QoQ growth of 7.0%. Compared to Q3FY24, where the profit before tax was ₹24.95 crores, there is a significant YoY increase of 51.7%. The profit after tax for Q3FY25 was ₹31.15 crores, up from ₹28.01 crores in Q2FY25, showing a QoQ rise of 11.2%, and a YoY increase from ₹20.54 crores in Q3FY24, also marking a 51.7% growth. These figures indicate robust growth in profitability for Updater Services Ltd over both quarterly and annual comparisons.
Operating Metrics
The operating metrics for Updater Services Ltd reveal an efficient management of expenses and earnings. Total expenses for Q3FY25 were ₹660.93 crores, slightly up from ₹651.55 crores in Q2FY25, representing a QoQ increase of 1.4%. On a YoY basis, expenses grew by 6.5% from ₹620.43 crores in Q3FY24. Despite the rise in expenses, the company's earnings per share (EPS) improved to ₹4.60 in Q3FY25 from ₹4.20 in Q2FY25, reflecting a QoQ increase of 9.5%. Compared to the EPS of ₹3.10 in Q3FY24, there is a YoY increase of 48.4%. The tax paid by the company decreased QoQ by 9.4% to ₹6.68 crores in Q3FY25 from ₹7.37 crores in Q2FY25, while the YoY change is an increase of 51.5% from ₹4.41 crores in Q3FY24. These metrics suggest effective cost management and enhanced earnings capability, contributing to the overall financial health of Updater Services Ltd.
