IRIS Business Services Limited Reports Impressive Growth in H1 FY 2025
In a remarkable display of financial performance, IRIS Business Services Limited (BSE: 540735), a global leader in fintech solutions, has reported a near trebling of its year-on-year net profits for the first half of the fiscal year 2025. The company’s operating revenues surged by 31%, highlighting its robust growth trajectory and the effectiveness of its strategic initiatives.
Financial Highlights
The financial results for H1 FY 2025 reveal a significant increase in key performance indicators. Operating revenues reached ₹58.50 crore, up from ₹44.60 crore in H1 FY 2024. This 31% increase is complemented by an impressive 78% rise in EBITDA, which climbed from ₹5.61 crore to ₹10 crore. Most notably, net profit soared by 195%, jumping from ₹2.30 crore to ₹6.78 crore. These figures underscore the company’s strong operational efficiency and market demand for its services.
Strategic Business Segment Reclassification
In a move aligned with global best practices, IRIS has restructured its business segments to enhance clarity and comparability for investors. The previously named "Collect" and "Consume" segments have been rebranded as "Suptech" and "Datatech," respectively. Additionally, the "Create" segment has been divided into "Regtech" and "Taxtech." K Balachandran, the CFO of IRIS, explained that this reclassification aims to facilitate better analysis for investors and provide a clearer benchmark against other companies in the sector.
Segment Performance
The growth in H1 FY 2025 has been predominantly driven by the Suptech segment, which experienced a remarkable revenue increase from ₹19.63 crore to ₹29.02 crore, marking a 48% rise. The Regtech segment, while growing at a steadier pace of 20%, benefited from strong traction for IRIS iDeal, the company’s bank reporting software. Conversely, the IRIS Carbon segment saw modest growth due to the absence of new mandates, although marketing initiatives are underway to stimulate future revenue. Taxtech revenues also showed a healthy increase of 16%, rising from ₹6.76 crore to ₹7.83 crore.
Geographic Revenue Distribution
IRIS Business Services has seen a notable shift in its revenue distribution across different regions. Africa now accounts for 36% of total revenues, primarily driven by strong performance in South Africa. India closely follows with a 29% share, while Europe contributes 14%. This diversification in revenue sources not only enhances the company’s resilience but also positions it favorably in the global market.
Future Growth Prospects
Looking ahead, CEO Swaminathan expressed confidence in the company’s growth trajectory, stating, "We are laying the foundation for the next phase of the company’s growth with the funds investors have trusted us with. We are confident that the results of these efforts will be visible in the days to come." This forward-looking approach indicates that IRIS is not only focused on current performance but is also strategically positioning itself for sustained growth.
About IRIS Business Services
Founded in 2000, IRIS Business Services Limited is a global RegTech SaaS provider listed on both the BSE and NSE. The company supports over 30 regulators and more than 6,000 enterprises across 54 countries. With its headquarters in Mumbai and subsidiaries in the USA, Singapore, Malaysia, and Italy, IRIS is committed to transforming regulatory compliance into a competitive advantage through innovative solutions. The company is also an active member of various XBRL jurisdictions and serves as an authorized GST Suvidha Provider in India.
Conclusion
IRIS Business Services Limited’s impressive financial results for H1 FY 2025 reflect its strong market position and effective strategic initiatives. With a clear focus on growth and innovation, the company is well-equipped to navigate the evolving fintech landscape and deliver value to its stakeholders. As it continues to expand its global footprint and enhance its service offerings, IRIS is poised for a promising future in the regulatory technology space.
For further inquiries, please contact:
Suchita Toshniwal Goyal
Corporate Head-Marketing
IRIS Business Services Limited
+91 22 6723 1000
suchita.goyal@irisbusiness.com
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