Integrated Filing — IndAS



General information about company
Scrip Code 540735
NSE Symbol IRIS
MSEI Symbol NOTLISTED
ISIN INE864K01010
Name of company IRIS BUSINESS SERVICES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 13-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 13-Aug-2025   12:30:00
End date and time of board meeting 13-Aug-2025   14:40:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 298589000
Other income 12012000
Total income 310601000
2 Expenses
(a) Cost of materials consumed 0
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0
(d) Employee benefit expense 172952000
(e) Finance costs 1578000
(f) Depreciation, depletion and amortisation expense 7284000
(f) Other Expenses
1 Other expenses 125548000 125548000
Total other expenses 125548000
Total expenses 307362000
3 Total profit before exceptional items and tax 3239000
4 Exceptional items 0
5 Total profit before tax 3239000
6 Tax expense
7 Current tax 1724000
8 Deferred tax -728000
9 Total tax expenses 996000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 2243000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 2243000
17 Other comprehensive income net of taxes -2216000
18 Total Comprehensive Income for the period 27000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1750000
Total profit or loss, attributable to non-controlling interests 493000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -475000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 502000
21 Details of equity share capital
Paid-up equity share capital 205381000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.11
Diluted earnings (loss) per share from continuing operations 0.11
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.11
Diluted earnings (loss) per share from continuing and discontinued operations 0.11
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Notes na The above consolidated financial results for the quarter ended June 30th 2025 were reviewed and recommended by nthe Audit committee of the Board and approved by the Board of Directors at its meeting held on August 13th 2025 nb The consolidated financial results include financial results of the following entities: nSrNo Name of the Companies Relationship n1 IRIS Business Services Limited Parent n2 IRIS Business Services Asia Pte Ltd Subsidiary n3 IRIS Logix Solutions Private Limited Subsidiary n4 IRIS Business Services LLC Wholly Owned Subsidiary n5 Atanou Srl Wholly Owned Subsidiary n6 IRIS Regtech Sdn Bhd Wholly Owned Subsidiary n nc Effective from the second quarter of the previous financial year based on the management approach as defined in nIndAS 108 Operating Segments the Chief Operating Decision Maker will evaluate the Groups performance on nfour business segments namely: SupTech RegTech TaxTech and DataTech n nd With respect to our investment in IRIS Business Services LLC incorporated in USA the Subsidiary as at June n30th 2025 the total liabilities exceeded its total assets by Rs 5903 lakhs The Parent company is committed to provide nnecessary financial support as and when necessary Considering the future prospect of the Subsidiary and continued nsupport of Parent company the investment in the Subsidiary is measured at cost n ne In the light of the future prospect of the Subsidiary and committed continued support of Parent financial results of nthe subsidiary mentioned in point d have been prepared on a going concern basis and the same is considered for npreparation of consolidated financial results n nf Figures for the quarter ended March 31st 2025 are the balancing figure between audited figures in respect of nrespective full financial year and published year to date figures up to the third quarter of the respective financial year nwhich were subjected to limited review n ng On July 2 2025 following the approval of the Board of Directors the Company executed definitive agreements nwith Sovos Compliance Limited United Kingdom Sovos for the sale and transfer of its GST Application nService Provider GST ASP Business along with a 100% equity stake in its Subsidiary IRIS Logix Solutions nPrivate Limited IRIS Logix The aggregate consideration for the transaction was Rs 15124 lakhs Shareholder napproval for the transaction was subsequently obtained at the Extraordinary General Meeting held on July 26 2025 n nThe transaction structure included: n1 Acquisition of the minority stake in IRIS Logix n2Sale of a 5% equity stake in IRIS Logix to Sovos n3Slump sale of the GST ASP Business to IRIS Logix for Rs 14057 lakhs funded by Sovos n 4 Transfer of entire balance stake of the Company in IRIS Logix to Sovos The consideration for sale of 100% equity stake in IRIS Logix inclusive of 5% stake sale referred at 2 above aggregates to Rs1067 lakhs which is subject to any adjustment towards shortfall in net working capital or in net cash in IRIS Logix determined as on the date of completion of sale of 100% equity stake in IRIS Logix n nAs the agreement was executed after the reporting date and no binding obligation existed as of June 30 n2025 the transaction qualifies as a nonadjusting event under Ind AS 10 Consequently no financial nimpact has been recognised in these results n nh Corresponding previous periods figures have been regrouped and reclassified wherever necessary n nFor and on behalf of Board of Directors n nK Balachandran nWhole Time Director and CEO nDIN: 00080055 nDate: August 13th 2025 nPlace: Navi Mumbai n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 SupTech 162104000 162104000
2 RegTech 76241000 76241000
3 TaxTech 48464000 48464000
4 DataTech 2552000 2552000
5 Others 9228000 9228000
6 Unallocated 0 0
Total Segment Revenue 298589000
Less: Inter segment revenue 0 0
Revenue from operations 298589000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 SupTech 35528000 35528000
2 RegTech -27900000 -27900000
3 TaxTech -8256000 -8256000
4 DataTech -2620000 -2620000
5 Others 3026000 3026000
6 Unallocated 12022000 12022000
Total Profit before tax 11800000
i. Finance cost 1507000 1507000
ii. Other Unallocable Expenditure net off Unallocable income 7054000 7054000
Profit before tax 3239000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 SupTech 0 0
2 RegTech 0 0
3 TaxTech 0 0
4 DataTech 0 0
5 Others 0 0
6 Unallocated 0 0
Total Segment Asset 0 0
Un-allocable Assets 0 0
Net Segment Asset 0 0
4 Segment Liabilities
Segment Liabilities
1 SupTech 0 0
2 RegTech 0 0
3 TaxTech 0 0
4 DataTech 0 0
5 Others 0 0
6 Unallocated 0 0
Total Segment Liabilities 0 0
Un-allocable Liabilities 0 0
Net Segment Liabilities 0 0
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) Assets and liabilities used in the Group’s business are not identifiable to any of the reportable segment, as these are used interchangeably between segments. The management believes that it not practicable to provide segment disclosures relating to total assets and liabilities.



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
1 Fair Value Changes on Derivatives Designated as cash flow hedge -2905000 -2905000
2 Exchange differences on translation of financial results of foreign operations 689000 689000
Total Amount of items that will be reclassified to profit and loss -2216000
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income -2216000