| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 28.56 | 4.3% | 7.4% |
| Total Income | 31.10 | 0.1% | 1.4% |
| Expenditure | 29.00 | 5.6% | 9.2% |
| PBT | 2.10 | 547.2% | 57.9% |
| Net Profit | 116.85 | 51995.6% | 2901.6% |
| OPM | 0.52% | 0.49pp | 10.97pp |
| NPM | 100.00% | 99.28pp | 87.66pp |
| EPS | 0.89 | 709.1% | 55.5% |
IRIS Reports 18% Sequential Growth in Total Revenue for Q2FY26, Gears up for Growth with Stronger Balance Sheet
13 Nov 2025 · 13 Nov 2025, 11:17 pm
Summary
IRIS Business Services Ltd., a global RegTech company specializing in regulatory reporting and digital disclosure solutions, announced its financial results for the Second Quarter (Q2FY26) and Half Year (H1FY26) ended 30 September 2025. The company reported 18% QoQ growth in total revenue and 86% QoQ growth in EBITDA. The SupTech business witnessed a growth of 13% YoY in H1FY26 and higher profitability. The company secured a contract from the General Tax Authority, Qatar, and divested its TaxTech business to Sovos.
Key Highlights
- 1
18% QoQ growth in total revenue
- 2
86% QoQ growth in EBITDA
- 3
13% YoY growth in SupTech revenue in H1FY26
- 4
Higher profitability in SupTech business
- 5
Contract from the General Tax Authority, Qatar
- 6
Divestment of TaxTech business to Sovos
- 7
Cash, Cash Equivalents & Investments stood at 16,966 lakhs
Management Comments
K. Balachandran
Co-Founder and CEO, IRIS Business Services Ltd.
We are focused on growing the Annual Recurring Revenue (ARR) of our flagship product, IRIS Carbon. IRIS Carbon net ARR grew 14% in the first six months of FY26 (over March 2025 ARR) and we expect the pace to further pick up as our investments in sales and marketing start bearing fruit. The SupTech business continues to do well with a couple of prestigious new logo wins in the first half and additional business from existing clients.
Deepta Rangarajan
Co-Founder and Director, IRIS Business Services Ltd.
This quarter marks another step forward in our transformation journey. We are happy that IRIS Carbon’s Disclosure Management offering is well received by the market, enabling us to deepen our relationship with CFO’s office while enhancing the business value. We are working on expanding our partnerships in the RegTech space while remaining focused on building the leadership layer to take us to the next growth trajectory.
Informational and educational content only. Not investment advice.