IRIS RegTech targets ₹500 Cr revenue; FY26 PAT up 4%
IRIS RegTech Solutions reported a 23% YoY increase in FY26 revenue to ₹138.2 Cr, with a PAT of ₹1,416 lakhs and an EBITDA margin of 14%. The company's cash position strengthened to ₹155.4 Cr following the TaxTech divestment. Management aims to achieve ₹500 Cr revenue over the next 4-5 years, targeting 35% ARR growth in its SaaS business, while the SupTech segment added three new clients including a Qatar tax regulator.

*this image is generated using AI for illustrative purposes only.
IRIS RegTech Solutions Limited has announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported a 23% year-on-year (YoY) increase in total revenue to ₹138.2 Cr, while profit after tax (PAT) stood at ₹1,416 lakhs. The Board of Directors approved the results at a meeting held on May 15, 2026, and subsequently filed the transcript of the earnings call held on May 18, 2026.
Financial Performance
Consolidated revenue from operations for FY26 grew to ₹12,850 lakhs from ₹10,968 lakhs in the previous year. EBITDA for the year was ₹1,981 lakhs, representing a margin of 14%. For the fourth quarter, net profit rose to ₹41M from ₹29M YoY, while revenue increased to ₹391M from ₹297M YoY. Recurring revenue accounted for 54% of total revenue, reaching ₹69.4 Cr. The company’s cash position strengthened significantly to ₹155.4 Cr, bolstered by the divestment of the TaxTech business.
| Particulars (₹ lakhs): | Q4 FY26 | Q3 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Total Revenue: | 4,160 | 3,887 | 3,056 | 13,821 | 11,219 |
| Revenue from Operations: | 3,915 | 3,559 | 2,974 | 12,850 | 10,968 |
| Total Expenses: | 3,379 | 3,099 | 2,424 | 11,839 | 8,971 |
| EBITDA: | 781 | 788 | 632 | 1,981 | 2,148 |
| EBITDA Margin (%): | 19% | 20% | 21% | 14% | 19% |
| PAT: | 664 | 531 | 338 | 1,416 | 1,365 |
Strategic Outlook and Growth Targets
During the earnings call, management outlined an aspiration to achieve ₹500 Cr in revenue over the next 4 to 5 years. This target implies a growth rate of slightly over 30%, driven primarily by the SaaS business targeting an Annual Recurring Revenue (ARR) growth of approximately 35%. The IRIS CARBON ARR grew 33% YoY, supported by wins in the disclosure management space and the new ESG reporting module. The SupTech business, which added 3 new logos including a tax regulator in Qatar, is expected to grow at a lower rate but offers potential for lumpy revenues.
Operational Updates
The Board approved the incorporation of a wholly owned subsidiary in the UAE to expand its footprint in the Middle East. Additionally, the company re-appointed Mr. Balachandran Krishnan and Ms. Deepta Rangarajan as Whole Time Directors for a term of five years effective May 1, 2027. Management highlighted that the net worth has increased to ₹200 Cr from ₹76 Cr as of March 31, 2025, with the book value rising to ₹98. The company remains focused on organic growth and is open to inorganic opportunities in adjacencies, while actively embedding AI technologies into its product stack.
Historical Stock Returns for IRIS RegTech Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.80% | +8.14% | +7.38% | -19.18% | -4.25% | +65.14% |
How will the company allocate its strong cash position of ₹155.4 Cr to support the targeted 30% revenue growth?
What specific inorganic opportunities is IRIS exploring to complement its organic growth strategy?
How will the new UAE subsidiary contribute to the company's expansion in the Middle East and overall revenue?


































