Iris Business Services Limited has informed the Exchange regarding Board meeting held on May 14, 2025.
IRIS · price
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IRIS Business Services Limited's board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025 on May 14, 2025. Consolidated revenue from operations grew about 23% YoY to Rs 12,596.78 lakhs (vs Rs 10,229.66 lakhs in FY24), while consolidated net profit jumped roughly 51% to Rs 1,325.18 lakhs (vs Rs 878.83 lakhs). Standalone revenue rose 23.4% to Rs 11,955.49 lakhs and net profit grew 50.8% to Rs 1,250.30 lakhs, with basic EPS of Rs 6.28 versus Rs 4.28. The board also re-appointed statutory auditors KKC & Associates LLP for a second five-year term and internal auditors M.P. Chitale & Co for FY26, and appointed Priti J Sheth & Associates as secretarial auditors for five years. The auditor's report includes an emphasis of matter noting that subsidiary IRIS Business Services LLC (USA) has liabilities exceeding its assets by Rs 64.28 lakhs, though its financials are still prepared on a going-concern basis with continued parental support.
Strong FY25 results with over 20% revenue growth and 50%+ profit growth signal healthy operational momentum and are likely to be viewed positively by shareholders. However, the going-concern flag on the US subsidiary and the sudden demise of promoter/CEO Mr. S. Swaminathan, with CFO temporarily taking over, are key risks investors should watch closely.