IRIS Q2 FY26 results: PAT jumps on Rs 136 crore one-time divestment gain

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IRIS · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-5.4% vs market

Software Products peers, median of 36sector-0.5%-5.0% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.0 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

IRIS Business Services posted Q2 FY26 revenue of Rs 28.6 crore, up 6 percent YoY. Continuing operations PAT fell to Rs 1.8 crore from Rs 3.8 crore a year ago. Net PAT surged to Rs 116.9 crore on an exceptional gain of about Rs 136 crore from sale of its GST ASP business, 100 percent stake in IRIS Logix Solutions, and Malaysia e-invoicing business to Sovos. The Board also appointed Madhavan Hariharan as Independent Director and noted the exit of Haseeb Drabu.

Likely market impact

One-time divestment gain lifts book value sharply, but core continuing operations profits declined. Watch underlying business trends after the high-margin business exit.