IRIS Business Services (540735) Q4 25/26 earnings summary

Executive summary

• SupTech and RegTech businesses drove revenue growth, with SupTech expanding into Africa and the Middle East and RegTech (IRIS CARBON) achieving milestone wins in enterprise and ESG reporting.

• Audited standalone and consolidated financial results for FY26 were approved, with unmodified audit opinions issued by statutory auditors.

• Strategic divestment of the Tax Technology GST ASP business, sale of IRIS Logix Solutions Private Limited, and Malaysian e-invoicing business resulted in significant exceptional gains and presentation as discontinued operations.

• Expanded to 26 countries, serving 30+ regulators as of March 2026.

• Board approved incorporation of a UAE subsidiary and closure of Atanou S.R.L. to streamline operations.

Financial highlights

• Total consolidated revenue for FY26 was ₹12,849.85 lakhs, up 23% year-over-year from ₹10,967.60 lakhs in FY25.

• Consolidated net profit for FY26 was ₹12,653.76 lakhs, significantly higher than ₹1,325.18 lakhs in FY25, driven by exceptional gains from discontinued operations.

• EBITDA margin for FY26 was 14%, down from 19% in FY25.

• Book value rose to INR 98 from INR 37 year-over-year.

• Q4FY26 total revenue was ₹4,160 lakhs, up 36% year-over-year and 7% sequentially.

Outlook and guidance

• Aspires to reach INR 500 crore revenue in 4-5 years, requiring over 30% annual growth.

• Expansion into the Middle East through a new UAE subsidiary is expected to strengthen global presence and support future growth.

• SaaS business targeted to grow at 35% annually; SupTech expected to grow at a lower but steady rate.

• Monetization of DataTech (Peridot app) expected to ramp up within two years, with internal targets aiming for earlier.

• Continued investment in AI-driven automation and compliance solutions.