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Navi Mumbai, India – November 14, 2025: IRIS Business Services Limited, BSE (Scrip Code: 540735) and NSE (Symbol: IRIS), a global RegTech company specializing in regulatory reporting and digital disclosure solutions, today announced its financial results. Second quarter (Q2FY26) and half year (H1FY26) ended 30th September 2025.
IRIS reports 18% QoQ growth in total revenue while EBITDA remains stable 269 lakh, growth of 86% QoQ. On a six-month basis, total revenue grew by 10%, while EBITDA declined in line with higher expenses in sales and marketing as the company began to grow its SaaS business. Second quarter results also showed extraordinary earnings Global US-headquartered taxtech major Sovos received Rs 13,598 lakh from the sale of its taxtech business.
Commenting on the Q2FY26 results, K., Co-Founder and CEO, IRIS Business Services Ltd. Balachandran said:
“We are focused on growing the annual recurring revenue (ARR) of our flagship product, IRIS Carbon. IRIS Carbon net ARR has grown by 14% in the first six months of FY26 (over March 2025 ARR) and we expect the momentum to further accelerate as our investments in sales and marketing bear fruit. The SuperTech business continues to perform well with some prestigious new logo wins in the first half and additional business from existing customers. “With additional liquidity available from the TaxTech sale, our balance sheet strength now allows us to increase investment in product innovation and sales expansion.”
Key Performance Highlights:
- Suptech saw revenues grow 13% year-on-year in H1FY26 and higher profitability due to large-scale regulatory digital-reporting implementation across Africa and the Middle East.
- The company secured a contract from the General Tax Authority, Qatar, further strengthening IRIS’s position as a leading global provider of SuperTech and RegTech solutions and expanding its footprint in the Middle East. Notably, this is IRIS’s first supertech partnership with a tax authority, making it an important milestone in the company’s global journey.
- Cash, cash equivalents and investments remain stable 16,966 lakh, mainly from the disinvestment proceeds of the company’s TaxTech (GST ASP) business.
Deept Rangarajan, Co-Founder and Director, IRIS Business Services Limited, said:
“This quarter marks another step forward in our transformation journey. We are pleased that IRIS Carbon’s disclosure management offering has been well received by the market, helping us drive business value as well as deepen our relationship with the CFO office. We are working on expanding our partnerships in the RegTech space, while focusing on building out the leadership layer to take us on the next growth path.”
About IRIS Business Services Limited
IRIS Business Services Limited is a global RegTech company listed on BSE (Scrip Code: 540735) and NSE (Symbol: IRIS). The IRIS SuperTech Suite is leveraged by 30+ regulators around the world, including central banks, stock exchanges/securities commissions and business registries to simplify and streamline their supervisory operations. IRIS is a leading provider of regulatory reporting software solutions for enterprises and financial institutions, serving major clients around the world. For more information, please visit www.irisbusiness.com
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safe harbor statement
Statements in this document relating to future conditions, events or circumstances, including, but not limited to, statements regarding plans and objectives, research and development progress and results, potential project characteristics, project capacity and target dates for project-related issues, are forward-looking statements based on estimates and the anticipated effects of future events on current and developing conditions. Such statements are subject to numerous risks and uncertainties and do not necessarily predict future results. Actual results may differ from those anticipated in the forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
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