IRIS Business Services' Q1 FY 2025-26 Quarterly Results

Result Summary

• IRIS Business Services Ltd reported a 1.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.2%.
• Its expenses for the quarter were down by 96.5% QoQ and 96.4% YoY.
• The net profit decreased 95.1% QoQ and decreased 92.0% YoY.
• The earnings per share (EPS) of IRIS Business Services Ltd stood at 0.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

IRIS Business Services Ltd is a company that operates within the information technology sector, offering a range of services primarily focused on regulatory compliance and reporting. The company specializes in providing software solutions that facilitate the creation, management, and analysis of business documents. These solutions are largely centered around the use of standardized electronic formats, such as XBRL, which is crucial for financial reporting. As of the latest available data, no specific recent major developments have been identified. The company caters to a diverse client base, including governmental agencies, corporations, and financial institutions, helping them streamline their reporting processes and ensure compliance with regulatory standards.

Revenue

During Q1 FY26, IRIS Business Services Ltd reported a total income of ₹31.06 crores. This represents a quarter-over-quarter (QoQ) increase of 1.5% from ₹30.61 crores in Q4 FY25. The year-over-year (YoY) growth is more pronounced, with a 10.2% increase from ₹28.18 crores in Q1 FY25. These figures indicate a consistent upward trend in revenue generation over the past year, reflecting the company's efforts in expanding its business operations and possibly enhancing its service offerings to capture more market share or increase revenue from existing clients.

Profitability

The company's Profit Before Tax (PBT) for Q1 FY26 was reported at ₹0.32 crores, showing a significant decline of 94.0% QoQ from ₹5.32 crores in Q4 FY25. Compared to Q1 FY25, there is a 91.2% decrease from ₹3.62 crores. The Tax for the same period stood at ₹0.10 crores, down by 83.3% QoQ and 86.5% YoY. Consequently, the Profit After Tax (PAT) was ₹0.23 crores, a substantial reduction of 95.1% QoQ and 92.0% YoY from ₹4.73 crores in Q4 FY25 and ₹2.89 crores in Q1 FY25, respectively. Earnings Per Share (EPS) also experienced a notable decline, with Q1 FY26 figures at ₹0.10, compared to ₹2.40 in Q4 FY25 and ₹1.50 in Q1 FY25, marking decreases of 95.8% QoQ and 93.3% YoY. These metrics suggest a challenging quarter in terms of profitability.

Operating Metrics

In terms of operating metrics, the total expenses for Q1 FY26 were significantly lower at ₹0.89 crores compared to ₹25.28 crores in Q4 FY25 and ₹24.55 crores in Q1 FY25. This represents a sharp decrease of 96.5% QoQ and 96.4% YoY. The decrease in expenses could be attributed to cost-cutting measures or a reduction in operational activities during the quarter. The dramatic drop in expenses has not translated into higher profitability as evidenced by the declines in PBT, PAT, and EPS, indicating that other factors may have impacted the financial performance during this period.