IRIS Business Services (540735) Q1 25/26 earnings summary

Executive summary

• Un-audited standalone and consolidated financial results for the quarter ended June 30, 2025, were approved and reviewed by the Board on August 13, 2025.

• Appointment of Mr. Vineet Kandoi as CFO effective August 14, 2025, bringing 15 years of experience in finance and compliance.

• The 25th AGM is scheduled for September 23, 2025, via video conferencing.

Financial highlights

• Consolidated revenue from operations for Q1 FY26 was ₹2,985.89 lakhs, up from ₹2,764.77 lakhs in Q1 FY25.

• Consolidated net profit for Q1 FY26 was ₹22.43 lakhs, compared to ₹288.16 lakhs in Q4 FY25 and ₹288.45 lakhs in Q1 FY25.

• Standalone revenue for Q1 FY26 was ₹2,817.13 lakhs, up from ₹2,595.18 lakhs in Q1 FY25.

• Standalone net profit for Q1 FY26 was ₹3.27 lakhs, compared to ₹268.24 lakhs in Q4 FY25 and ₹266.24 lakhs in Q1 FY25.

• Basic and diluted EPS (consolidated) for Q1 FY26 were ₹0.11.

Outlook and guidance

• The company is undergoing a significant business transition with the sale of its GST ASP business and 100% equity stake in IRIS Logix Solutions Private Limited to Sovos Compliance Limited, UK, for a total consideration of ₹15,124 lakhs.

• No financial impact from the transaction is recognized in Q1 FY26 as the agreement was executed post reporting date.