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Awaiting price reaction for this filing.
IIRM Holdings India Ltd reported Q1 FY26 (quarter ended June 30, 2025) consolidated revenue from operations of Rs. 6,796.49 lakhs, up 3.4% YoY from Rs. 6,572.52 lakhs, but net profit fell 15.7% YoY to Rs. 764.32 lakhs (vs Rs. 906.17 lakhs) as employee and depreciation expenses rose sharply. EPS stood at Rs. 1.12 versus Rs. 1.33 in Q1 FY25. The Direct & Re-insurance broking segment contributed 74% of revenue and professional/consultancy services 26%; domestic business made up 90% of revenue. Standalone Q1 revenue grew to Rs. 184 lakhs (vs Rs. 100 lakhs) with PAT of Rs. 67.62 lakhs. Statutory auditors Seshachalam & Co. issued an unmodified (clean) review report. Key corporate actions: (1) the Regional Director has approved the scheme of amalgamation of wholly-owned subsidiary Sampada Business Solutions into IIRM Holdings; (2) subsidiary India Insure plans to acquire 100% of Safe Risk Insurance Brokers in phases, subject to IRDAI approval; (3) a new secretarial auditor (Hemang Satra & Associates) was appointed for 5 years; (4) the Audit Committee was reconstituted; (5) the 32nd AGM is set for September 27, 2025 via VC.
The YoY profit drop on rising costs is a mild negative for near-term sentiment, but the RD-approved Sampada amalgamation and the proposed insurance broking acquisition should strengthen the consolidated business and improve scale over the medium term.