| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 29.86 | 13.8% |
| Total Income | 31.06 | 12.4% |
| Expenditure | 30.74 | 0.8% |
| PBT | 0.32 | 93.5% |
| Net Profit | 0.22 | 92.2% |
| OPM | 0.03% | 14.47pp |
| NPM | 0.72% | 7.40pp |
| EPS | 0.11 | 92.1% |
IRIS Q1 topline grows 10%, investments ramp up in Regtech business
13 Aug 2025 · 13 Aug 2025, 07:45 pm
Summary
IRIS Business Services Limited posted a 10% growth in topline for the first quarter of FY 2026 even as the company geared up to scale its SaaS business in the enterprise technology space. The Suptech business of the company continued to perform well as revenues grew at 19% YoY with improved margins. The company also received a prestigious award from the Qatar Central Bank to build a digital reporting platform. IRIS’ new Al enabled automated XBRL report creation product, IRIS Instant, was rolled out in the Malaysian markets and saw early adoption. On the Regtech side, IRIS Carbon clocked a 10% growth in Annual Recurring Revenue (ARR) on a QoQ basis.
Key Highlights
- 1
IRIS Q1 topline grows 10%
- 2
Company investing in Regtech global SaaS business
- 3
Suptech business revenues grow at 19% YoY
- 4
Qatar Central Bank awards contract to IRIS
- 5
IRIS Instant rolled out in Malaysian markets
- 6
IRIS Carbon clocks 10% growth in ARR on a QoQ basis
Management Comments
K. Balachandran
CEO of IRIS
Post the divestment of the Taxtech business and with the availability of non-dilutive capital, we are fully focused on taking the necessary steps to grow our Suptech and Regtech business lines, both of which have large and attractive opportunities globally. This is an investment phase in the growth trajectory of the company, especially in our Regtech global SaaS business, where we are investing in building the sales and marketing infrastructure, as well as strengthening our products to meet the demands of enterprise customers in the global market.
Rahul Dhamne
Consulting Head, IRIS iFile
Going forward, regulators are likely to see tools like IRIS Instant making XBRL creation using Al much easier within their jurisdictions. This in turn should enable newer regulators to more easily adopt digital standards like XBRL.
Deepta Rangarajan
Co-founder of IRIS
Our new Disclosure Management product has been well received in the market with over two dozen customers using this solution in the international markets, at a significantly higher annual subscription value compared with pure XBRL reporting module.
Anuradha RK
Business Head, IRIS Carbon
Even as we enhance our offering to make it best-in-class, it is heartening to see that our disclosure management solution has been able to establish clear value for the Office of the CFO both in the mid-market segment as well as in the enterprise segment.
Vineet Kandoi
Finance Controller at IRIS
While the first quarter is typically a subdued period for the Regtech business, this quarter’s performance was further impacted by the deferral of a few anticipated orders for our automated data flow solution in the BFS segment. We expect these to materialize in the coming periods. However, our principal focus is on growing the ARR, and we believe we will see that happening with the investments we are currently making.
Informational and educational content only. Not investment advice.