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Updater Services reports 116% YoY increase in net profits
short by / on Tuesday, 6 August, 2024
Updater Services Ltd's shares gained up to 6% following strong Q1FY25 results. Revenue rose 12% year-on-year to ₹ 652 crores, and net profit surged 116% year-on-year to ₹26 crores. Quarter-on-quarter, revenue increased by 3%, and net profit grew by 8%. Updater is an India-based business services platform that provides facilities management (IFM) and business support services.
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