IRIS Business Services Ltd. reported a consolidated net profit of ₹22.43 lakh for the quarter ended June 30, 2025, a steep drop from ₹2.88 crore in the preceding March quarter and marginally lower than ₹2.88 crore in the year-ago period.
Revenue and Expenses
Consolidated revenue from operations stood at ₹29.86 crore, down 13.8% sequentially from ₹34.64 crore in Q4 FY25, but up 8% from ₹27.65 crore in Q1 FY25. Total income came in at ₹31.06 crore compared to ₹35.47 crore in the previous quarter.
Total expenses for the quarter were ₹30.74 crore, up 25% year-on-year from ₹24.55 crore, led by higher employee benefit costs and other expenses.
Segment performance
- SupTech revenue rose to ₹16.21 crore from ₹13.65 crore a year ago.
- RegTech revenue fell sharply to ₹7.62 crore from ₹11.48 crore in Q4 FY25, but remained below the ₹9.34 crore posted in Q1 FY25.
- TaxTech revenue stood at ₹4.85 crore, up from ₹3.64 crore last year.
- DataTech and Others segments contributed marginally.
Profitability
Profit before tax dropped to ₹32.39 lakh from ₹4.97 crore in Q4 FY25 and ₹3.62 crore a year earlier.
Corporate actions and updates
During the quarter, IRIS executed definitive agreements with Sovos Compliance Ltd., UK, for the sale of its GST Application Service Provider (GST ASP) business and 100% equity stake in its subsidiary IRIS Logix Solutions Pvt. Ltd., for a total consideration of ₹151.24 crore. The transaction was approved by shareholders in July 2025 and is expected to conclude in due course.
The Board also approved the appointment of Vineet Kandoi as CFO effective August 14, 2025, and scheduled its 25th AGM for September 23, 2025, via video conferencing.
