IIRM Holdings Reports Q1 Profit Dip, Approves Key Corporate Actions
IIRM Holdings India Limited reported a consolidated net profit of Rs 764.32 lakhs for Q1 2025-26, down from Rs 2,163.06 lakhs in the previous year. Revenue from operations increased to Rs 6,796.49 lakhs. The Board approved several corporate actions, including the appointment of a Secretarial Auditor, scheduling the AGM, noting merger approval with a subsidiary, planning acquisition of Safe Risk Insurance Brokers, reconstituting the Audit Committee, and authorizing application for stock exchange suspension revocation.
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IIRM Holdings India Limited (formerly known as Sudev Industries Limited) has reported its financial results for the quarter ended June 30, 2025, along with several significant corporate decisions approved by its Board of Directors.
Financial Performance
The company's consolidated net profit for Q1 stood at Rs 764.32 lakhs, marking a substantial decrease from Rs 2,163.06 lakhs reported in the same quarter of the previous year. Despite the profit decline, the company's revenue from operations showed a modest increase, reaching Rs 6,796.49 lakhs compared to Rs 6,572.52 lakhs in the corresponding quarter last year.
The financial results reveal:
| Particulars (in Rs. lakhs) | Q1 2025-26 | Q1 2024-25 |
|---|---|---|
| Revenue from Operations | 6,796.49 | 6,572.52 |
| Total Income | 6,802.82 | 6,581.72 |
| Total Expenses | 5,768.39 | 5,362.18 |
| Profit Before Tax | 1,034.43 | 1,219.54 |
| Net Profit After Tax | 764.32 | 906.17 |
| Earnings Per Share (Rs.) | 1.12 | 1.33 |
Key Corporate Actions
The Board of Directors, in their meeting held on July 31, 2025, approved several important decisions:
Secretarial Auditor Appointment: M/s. Hemang Satra & Associates has been appointed as the Secretarial Auditor for a term of 5 years (2025-26 to 2029-30), subject to shareholder approval at the upcoming Annual General Meeting.
Annual General Meeting: The 32nd Annual General Meeting is scheduled for September 27, 2025, to be conducted via video conferencing.
Merger Approval: The Board noted the approval of the merger scheme between its subsidiary, Sampada Business Solutions Limited, and IIRM Holdings India Limited by the Regional Director - South East Region, Ministry of Corporate Affairs, Hyderabad.
Inorganic Growth Plans: The company's subsidiary, India Insure Risk Management and Insurance Broking Services Private Limited, plans to acquire 100% equity of Safe Risk Insurance Brokers Private Limited in phases, subject to regulatory approvals from the Insurance Regulatory and Development Authority of India (IRDAI).
Audit Committee Reconstitution: The Audit Committee has been reconstituted with Mr. Guru Venkata Subbaraya Sharma Varanasi as the Chairperson, along with three other members.
Stock Exchange Actions: The Board has authorized an application for the revocation of suspension on the Calcutta Stock Exchange.
Subsidiary Performance
Sampada Business Solutions Limited, a wholly-owned subsidiary of IIRM Holdings, reported a profit before tax of Rs 943.05 lakhs for the quarter ended June 30, 2025. This represents a decrease from the profit of Rs 2,874.57 lakhs reported for the year ended March 31, 2025.
The company's financial results and corporate actions reflect a period of strategic realignment and expansion efforts, despite the challenges faced in maintaining profit levels compared to the previous year. Investors and stakeholders will be watching closely to see how these corporate actions impact the company's future performance and market position.
Historical Stock Returns for IIRM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.01% | -4.34% | -6.50% | -4.47% | -40.44% | +262.39% |
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