UDS

Jan 27 (Reuters) - Updater Services Ltd UPDA.NS:

• DEC-QUARTER CONSOL NET PROFIT 308.8 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.95 BILLION RUPEES

Source text: ID:nBSE79N9jS

Further company coverage: UPDA.NS

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Dec 20 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES - APPLICATION FOR FAST-TRACK MERGER REJECTED BY REGIONAL DIRECTOR

Source text: ID:nNSE6sKkzL

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS rise 7.5% to 386.70 rupees, set for best day in over two months

** Business support services provider's Sept-qtr consol net profit more than doubled to 281.2 mln rupees ($3.3 mln), rev from ops rose 13%

** Busiest session in over a month; more than 1 mln shares change hands, over three times the 30-day avg

** Stock up ~15% so far this year

($1 = 84.0800 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Oct 29 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD SEPT-QUARTER CONSOL NET PROFIT 281.2 MILLION RUPEES

• UPDATER SERVICES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.8 BILLION RUPEES

Source text: ID:nBSE9kG41Q

Further company coverage: UPDA.NS

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Aug 20 (Reuters) - Updater Services Ltd UPDA.NS:

• INCREASED INVESTMENT IN UNIT DENAVE INDIA TO 89.57% FROM 67.27%

• ACQUIRED 22.3% STAKE FOR 525.7 MILLION RUPEES

Source text for Eikon: ID:nBSE8zgkst

Further company coverage: UPDA.NS

(Reporting by VijayDattaram Malkar)

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** Shares of Updater Services Ltd UPDA.NS rise as much as 5.9% to 328 rupees

** Business service platform provider reported a near two-fold rise in its Q1 consol profit to 253.6 mln rupees, helped by business support service segment growth of ~33% y/y

** Consol rev grew 13.1% y/y

** Stock on track to snap 2 days of losses

** More than 397,000 shares traded as of 1:03 p.m. IST, 1.9x their 30-day moving avg

** UPDA shares last up 1.6%, fell 6.7% YTD so far

(Reporting by Meenakshi Maidas in Bengaluru)

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Aug 5 (Reuters) - Updater Services Ltd UPDA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 253.6 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.52 BILLION RUPEES

Further company coverage: UPDA.NS

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July 23 (Reuters) - Updater Services Ltd UPDA.NS:

• APPROVED MERGER OF TWO UNITS

Source text for Eikon: ID:nBSE41T8b4

Further company coverage: UPDA.NS

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July 4 (Reuters) - Updater Services Ltd UPDA.NS:

• HIGH COURT OF MADRAS DISMISSED WRIT PETITION FILED BY UNIT

Source text for Eikon: ID:nBSE9YFhJ1

Further company coverage: UPDA.NS

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March 15 (Reuters) - Updater Services Ltd UPDA.NS:

• GETS TAX ORDER WORTH 7 MILLION RUPEES

Source text for Eikon: ID:nBSEc8fTQD

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS up 2.1%, easing from session-high jump of ~7%

** Brokerage Motilal Oswal sees co to benefit from long-term trend of outsourcing non-core business operations

** UPDA provides business support services, including audit services, through its unit, Matrix

** Motilal starts coverage with "buy" rating and PT 465 rupees, says healthy cash balance to support co's growth

** Expect earnings growth to outpace revenue growth over FY24-26 - note

** Trading vols 1.5x 30-day avg

** Stock has gained ~29% since listing in Oct 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 3 (Reuters) - Updater Services Ltd UPDA.NS:

• RECEIVED ORDER FROM OFFICE OF DEPUTY COMMISSIONER UNIT, NANDANAM FOR AN AMOUNT OF 387.3 MILLION RUPEES

• HOPEFUL THAT THERE WILL BE NO SIGNIFICANT FINANCIAL IMPACT IN THIS CASE

Source text for Eikon: [ID:]

Further company coverage: UPDA.NS

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Dec 1 (Reuters) - Updater Services Ltd UPDA.NS:

• UPDATER SERVICES LTD - NAMES RADHA RAMANUJAN AS CFO

• UPDATER SERVICES LTD - BALAJI SWAMINATHAN RESIGNS AS CFO

Source text for Eikon: ID:nNSE6gWWd9

Further company coverage: UPDA.NS

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** Shares of Updater Services UPDA.NS down as much as 5.3% to 284.15 rupees in debut trade at 18.95 bln rupees valuation($227.67 mln)

** After opening at 285 rupees, stock rises to session-high of 298.65 rupees, still lower than IPO price 300 rupees

** UPDA provides business support services, including audit services through its unit, Matrix

** Listing is disappointing; high IPO price and mixed financial performance among reasons for negative response - Shivani Nyati, Head of Wealth at Swastika Investmart

** For FY23 ended March, consol rev from contracts with customers rose 41.5% while net profit dropped 35.3% - prospectus

** IPO had fresh issue of shares worth 4 bln rupees, 2.4 bln rupees worth shares on offer for sale from existing stakeholders - prospectus

($1 = 83.2349 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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April 26 (Reuters) - An alert on Assurant Inc AIZ.N and New York-headquartered Updater entering a partnership agreement has been withdrawn as it was inadvertently tagged to unrelated India-based Updater Services Ltd UPDA.NS.

For the correct alert click: nFWN36T1GN

STORY_NUMBER:FWN36T1GK

STORY_DATE:26/04/2023

STORY_TIME:[03:00:42PM GMT]

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