We hereby submit the transcript of earnings call.
IRIS · price
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IRIS RegTech Solutions reported steady performance for FY26 with total revenues growing approximately 23% and EBITDA margin at 14%. The company's IRIS CARBON (RegTech) segment achieved 33% ARR growth, while IRIS iDEAL (BFSI regulatory reporting) grew 17% despite delays in the Indian market. Post TaxTech divestment, the balance sheet strengthened significantly with cash at INR 155 crores and net worth at INR 200 crores (up from INR 76 crores). Management reiterated its aspiration to reach INR 500 crores revenue, requiring a growth rate of slightly over 30% over the next 4-5 years, with SaaS ARR targeted at 35%. The company is expanding geographically into Africa and Middle East for SupTech, while focusing on US and European markets for enterprise SaaS. The DataTech subsidiary (IRIS Peridot for MSMEs) launched loan facilitation services on a pilot basis in February.
The earnings call shows solid execution with strong ARR growth in the SaaS business and a healthy balance sheet post divestment. The INR 500 crore revenue target and 35% SaaS ARR guidance provide clear multi-year growth visibility, though investors should monitor potential delays in SupTech pipeline if Middle East tensions persist beyond Q1.