Please find attached Annual Report for FY2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IIRM Holdings India (formerly Sudev Industries) submitted its FY25 annual report to BSE. On a consolidated basis, revenue from operations rose 23.4% to ₹2,194 million from ₹1,778 million, while total income grew to ₹2,210 million. Gross written premium portfolio grew 16% to ₹13,268 million, led by health, motor, and reinsurance segments. EBITDA was largely flat at ₹471 million versus ₹466 million, but EBITDA margin compressed sharply from 26.2% to 21.4% as the company deliberately pushed retail volume growth and ramped up technology and workforce investments. Profit after tax declined 4.4% to ₹216 million, partly impacted by higher taxes from settlement under the Vivad se Vishwas scheme. On a standalone basis, revenue more than doubled (114% growth) to ₹365 lakhs, with net profit marginally up at ₹76 lakhs. The company also booked a ₹110.94 lakh extraordinary item on a consolidated basis.
Strong top-line growth signals business momentum, but falling margins and a modest PAT dip may temper near-term investor enthusiasm. The strategic shift toward retail scale and technology investments could support longer-term margin expansion from FY26 onwards.