Updater Services Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Updater Services (NSE:UDS) Full Year 2024 Results

Key Financial Results

• Revenue: ₹24.4b (up 17% from FY 2023).
• Net income: ₹679.5m (up 90% from FY 2023).
• Profit margin: 2.8% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₹11.36 (up from ₹6.78 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Updater Services EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Integrated Facility Management Services segment contributing a total revenue of ₹16.7b (68% of total revenue). Notably, cost of sales worth ₹20.1b amounted to 82% of total revenue thereby underscoring the impact on earnings.Explore how UDS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in India.

Performance of the Indian Commercial Services industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Our analysis of Updater Services based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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