| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 39.15 | 10.0% | 13.0% |
| Total Income | 41.60 | 8.3% | 17.3% |
| Expenditure | 34.44 | 10.2% | 12.9% |
| PBT | 7.16 | 0.3% | 44.0% |
| Net Profit | 4.15 | 21.9% | 44.0% |
| OPM | 13.69% | 0.57pp | 0.81pp |
| NPM | 9.97% | 3.87pp | 1.85pp |
| EPS | 3.23 | 25.2% | 132.4% |
IRIS RegTech FY26 Revenue Up 23% YoY, EBITDA Margin 14.3%
15 May 2026 · 15 May, 9:31 pm
Summary
IRIS RegTech Solutions Limited delivered a strong financial performance for the fourth quarter and full year ended March 31, 2026. For FY26, total revenue grew by 23% year-over-year to ₹138.2 Cr, with a full-year EBITDA of ₹19.8 Cr, achieving a margin of 14.3%. The fourth quarter demonstrated significant momentum, with total revenue increasing 36% year-over-year and Profit After Tax nearly doubling. Management expressed satisfaction with the SupTech and RegTech businesses, particularly highlighting IRIS CARBON's 32% Annual Recurring Revenue growth and strategic market wins, further reinforced by a strengthened balance sheet. The company remains focused on disciplined execution and sustainable growth, with new AI initiatives set to add substantial value to its product stack.
Key Highlights
- 1
For the full year FY26, IRIS RegTech Solutions reported a 23% year-over-year growth in total revenue, reaching ₹138.2 Cr.
- 2
Q4 FY26 demonstrated strong momentum, with total revenue increasing by 36% year-over-year and Profit After Tax nearly doubling.
- 3
The company's full-year EBITDA stood at ₹19.8 Cr, delivering a margin of 14.3%, indicating steady financial performance.
- 4
Recurring Revenue for FY26 reached ₹69.4 Cr, now contributing 54% of total revenue, an improvement from 52% in FY25.
- 5
Cash, Cash Equivalents & Investments substantially strengthened to ₹155.4 Cr at year-end, primarily bolstered by proceeds from the divestment of the TaxTech (GST ASP) business.
- 6
IRIS CARBON, the enterprise SaaS offering, delivered robust performance with its Net Annual Recurring Revenue (ARR) growing 32% year-over-year.
- 7
IRIS RegTech Solutions secured its first-ever project win with a Tax regulator in Qatar, successfully extending its SupTech footprint into a new vertical.
Management Comments
K. Balachandran
While our SupTech business continued to perform well, posting 23% growth for the full year with improved margins, I am particularly pleased to convey that our RegTech business has picked up pace with our enterprise SaaS offering, IRIS CARBON, delivering 32% Annual Recurring Revenue (ARR) growth and significant new customer wins in the disclosure management space. We consider FY26 a milestone year for IRIS CARBON, with both our disclosure management and ESG solutions proving their mettle in a competitive market. Our SupTech platform extended its use case with an important award in the tax administration space, while our plan to move the DataTech business into a wholly owned subsidiary is expected to be completed in the current quarter.
Deepta Rangarajan
This quarter saw solid progress in adoption of IRIS CARBON's enterprise reporting solutions, culminating in a significant win in the Brazilian market. Going forward, we plan to deepen partner engagements in key RegTech markets while continuing to invest in sales and marketing initiatives. Our AI initiatives have also gathered momentum, with new features being rolled out in both IRIS CARBON and IRIS iFile, our SupTech reporting platform. We clearly see Generative AI adding substantial value to our product stack and have put in place teams and roadmaps keeping in mind fast-moving customer expectations.
Informational and educational content only. Not investment advice.