Updater Services Limited , a prominent player in the business services sector, recently witnessed a significant insider transaction. Raghunandana Tangirala, a promoter and Managing Director of the company, has increased his stake through a substantial share purchase.

Transaction Details

On November 11, 2025, Tangirala acquired 20,000 equity shares of Updater Services Limited through on-market transactions on the National Stock Exchange (NSE). This move has resulted in a notable change in his shareholding position within the company.

The transaction, valued at approximately ₹39,80,000 (based on the LODR data), demonstrates Tangirala's confidence in the company's prospects and aligns his interests more closely with those of other shareholders.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) insider trading regulations, Updater Services Limited promptly disclosed this transaction. The company filed the mandatory Form C on November 12, 2025, detailing the changes in Tangirala's shareholding.

Company Background

Updater Services Limited, previously known as Updater Services Pvt Ltd, is headquartered in Chennai. The company operates under the ethos of "Redefining Business Services." Its core values include fostering happy people, maintaining a clear purpose, striving for continuous improvement, doing good, and balancing all aspects of business.

Market Implications

While this insider purchase does not necessarily predict future stock performance, it often signals management's positive outlook on the company's value and future prospects. Investors and market analysts may view this development as a vote of confidence from a key insider with intimate knowledge of the company's operations and strategy.

Conclusion

As Updater Services Limited continues to evolve in the business services landscape, this insider transaction adds an interesting dimension to its market narrative. Stakeholders will likely keep a close eye on any further developments or insider activities that could provide insights into the company's trajectory.

Updater Services Limited (UDS) has released its financial results for the second quarter of fiscal year 2026, reporting a decline in revenue but an improvement in EBITDA.

Financial Highlights

Revenue Decline Amid Strategic Wins

Updater Services reported consolidated revenue of ₹7,349.00 million for Q2 FY2026, marking a 7.00% decrease from ₹7,869.00 million in the same quarter last year. Despite the revenue decline, the company secured several strategic contracts during the quarter, which are currently in the ramp-up phase.

EBITDA Improvement

Despite the revenue decline, UDS saw a significant improvement in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA increased to ₹506.00 million from ₹371.00 million in the previous year, representing a 36.39% growth. The EBITDA margin expanded notably, rising from 5.00% to 7.40%, an improvement of 240 basis points year-over-year.

Half-Year Performance

For the first half of FY2026, Updater Services reported a 7.00% decline in revenue to ₹14,402.00 million. EBITDA for H1FY26 fell by 17.00% to ₹815.00 million compared to the same period last year.

Business Segment Performance

The company's BSS companies, Denave and Athena, experienced impacts from global industry headwinds. However, UDS Group added 28 marquee clients across its business segments during the quarter.

Operational Highlights

• UDS received Great Place to Work accreditation for the third consecutive year.
• The company anticipates full-year FY2026 revenue growth in the 0-10% range.
• An internal review of the Avon subsidiary identified certain instances where thorough due diligence processes for customers were not adequately completed.

Looking Ahead

While Updater Services faces challenges in revenue growth, the improvement in EBITDA and margins suggests effective cost management. The strategic contract wins and new client additions provide potential for future growth. However, the company will need to address the identified due diligence issues in its Avon subsidiary and navigate the global headwinds affecting its BSS companies.

Investors and market observers will likely keep a close watch on how Updater Services leverages its strategic wins and manages the ramp-up costs of new contracts to drive sustainable growth and profitability in the coming quarters.