Iris Business Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
IRIS · price
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The Board of IRIS Business Services Limited approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025. Consolidated revenue from operations grew ~23% to ₹12,596.78 lakhs (FY24: ₹10,229.66 lakhs), while net profit jumped ~51% to ₹1,325.18 lakhs (FY24: ₹878.83 lakhs), with EPS rising to ₹6.55 from ₹4.49. The SupTech segment was the strongest performer, growing ~34% to ₹6,149.96 lakhs. The board also re-appointed KKC & Associates LLP as statutory auditors for a second five-year term and appointed internal and secretarial auditors. The statutory auditor issued an unmodified (clean) opinion, but flagged an emphasis of matter noting that the US subsidiary IRIS Business Services LLC has liabilities exceeding its assets by ₹64.28 lakhs, with continued parental support keeping it on a going concern basis.
Strong revenue and profit growth with an improving bottom line is positive for shareholders, though the going-concern flag on the US subsidiary is a minor watch item. The CEO's sudden demise and interim arrangement under the CFO, alongside the completion of the preferential warrant conversion, are key governance developments investors should monitor.