IRIS Business Services (540735) Q4 24/25 earnings summary

Executive summary

• Achieved 25% year-over-year total income growth to ₹12,851 lakhs (INR 128.51 crore) for FY25, with EBITDA up 36% to ₹2,154 lakhs and PAT up 51% to ₹1,325 lakhs, driven by recurring revenue, international traction, and cost management.

• Revenue from operations reached ₹12,597 lakhs, with strong global presence in 54 countries, serving 30+ regulators and 6,000+ enterprises.

• Audited standalone and consolidated financial results for FY25 were approved with unmodified opinions from statutory auditors.

• Board approved re-appointment of internal, secretarial, and statutory auditors for the next five years.

• Sudden demise of the CEO led to interim management changes, with the CFO taking over day-to-day operations.

Financial highlights

• FY25 consolidated revenue from operations was ₹12,596.78 lakhs, up from ₹10,229.66 lakhs in FY24; Q4 revenue was ₹3,540 lakhs, up 16% year-over-year and 6% sequentially.

• EBITDA for FY25 was ₹2,154 lakhs (36% growth), with margin expanding to 16.8%; consolidated EBITDA was ₹2,139.98 lakhs.

• PAT for FY25 was ₹1,325 lakhs, up 51% year-over-year; Q4 PAT was lower sequentially due to higher operating expenses.

• Earnings per share (consolidated, basic) for FY25 was ₹6.55, up from ₹4.49 in FY24.

• Cash and cash equivalents (consolidated) increased to ₹3,047.07 lakhs from ₹1,207.08 lakhs year-over-year.

Outlook and guidance

• Management expects the recent 28% average annual growth rate to be the new normal, with SaaS business share expected to increase.

• No specific numeric guidance provided due to business mix and RFP-driven nature, but medium- to long-term growth is anticipated.

• Focus on expanding AI-powered solutions and integrated compliance offerings across Asia Pacific.

• Management reaffirmed commitment to support subsidiaries with negative net worth, particularly IRIS Business Services LLC.