IRIS Business Services (540735) Q3 24/25 earnings summary

Executive summary

• Un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, were approved and reviewed by the Board and auditors, with no material misstatements noted.

• Allotment of 543,477 equity shares on conversion of warrants on a preferential basis was completed, raising INR 9.99 crore from non-promoter investors.

Financial highlights

• Consolidated revenue from operations for Q3 FY25 was ₹3,283.13 lakhs, up from ₹2,734.42 lakhs in Q3 FY24; nine-month revenue was ₹9,132.64 lakhs, up from ₹7,194.32 lakhs year-over-year.

• Consolidated net profit for Q3 FY25 was ₹353.96 lakhs, compared to ₹173.47 lakhs in Q3 FY24; nine-month net profit was ₹1,020.63 lakhs, up from ₹398.76 lakhs year-over-year.

• Standalone revenue for Q3 FY25 was ₹3,131.87 lakhs, up from ₹2,595.29 lakhs in Q3 FY24; nine-month standalone revenue was ₹8,667.88 lakhs, up from ₹6,817.45 lakhs year-over-year.

• Standalone net profit for Q3 FY25 was ₹344.98 lakhs, compared to ₹164.15 lakhs in Q3 FY24; nine-month standalone net profit was ₹982.06 lakhs, up from ₹369.59 lakhs year-over-year.

• Basic EPS (consolidated) for Q3 FY25 was ₹1.83, up from ₹0.91 in Q3 FY24; nine-month EPS was ₹5.28, up from ₹1.77 year-over-year.

Segment performance

• SupTech and RegTech segments were the primary revenue drivers, with SupTech Q3 revenue at ₹1,579.82 lakhs and RegTech at ₹1,169.14 lakhs.

• TaxTech and DataTech segments contributed ₹426.03 lakhs and ₹16.48 lakhs respectively in Q3 FY25.

• Segment results showed SupTech and RegTech with the highest profits, while TaxTech and DataTech reported losses.