IIRM Holdings India Limited, an insurance distribution company, reported a 10% year-over-year revenue increase to INR 680.00 million in Q1. Premium volumes grew by 11% to INR 1,340.00 million, outpacing the industry average. EBITDA increased marginally by 2.5% to INR 160.00 million, while PAT declined to INR 76.00 million. The company operates across five business verticals and has a presence in multiple countries. IIRM Holdings outlined growth strategies including strategic acquisitions, technology investments, expansion of its PHYGITAL distribution network, cross-selling initiatives, and international expansion. The company aims to capitalize on industry trends and the growing Indian insurance market.
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.
22Jul 25
IIRM Holdings India Secures Approval for Amalgamation with Sampada Business Solutions
IIRM Holdings India Limited received approval for its merger with Sampada Business Solutions Limited from the Regional Director - South East Region, Ministry of Corporate Affairs, Hyderabad. The appointed date for the amalgamation is April 1, 2024, with approval granted on July 22, 2025. This merger aims to simplify management structure, reduce operational costs, and maximize shareholder value. As a common control transaction, Sampada will be dissolved without winding-up, transferring all assets and liabilities to IIRM Holdings. Both companies must file the confirmation order with the Registrar of Companies within 30 days of approval.
24Apr 25
IIRM Holdings India Reports Sharp Decline in Q4 Profit
IIRM Holdings India's Q4 FY2025 results show a significant decline in profitability with net profit falling 91.3% year-over-year to ₹197.38 crore, despite a 68.8% decrease in revenue to ₹5,548.72 crore. Annual performance for FY2025 saw a 23.4% increase in total revenue to ₹21,945.02 crore, but a 4.4% decrease in net profit to ₹2,163.06 crore. The company's revenue is primarily driven by direct and re-insurance services (69%) and professional consultancy services (31%), with 96% coming from domestic operations. IIRM Holdings India has approved a scheme of amalgamation with Sampada Business Solutions Limited, expected to be finalized in FY2025-26.
23Apr 25
IIRM Holdings India Reports Sharp Decline in Q4 Profit Amid Revenue Slump
IIRM Holdings India's Q4 FY2025 consolidated net profit plummeted 91.15% to ₹20.00 crore from ₹226.00 crore year-over-year. Revenue fell 68.82% to ₹555.00 crore. Full-year FY2025 net profit decreased to ₹216.31 crore from ₹226.36 crore, with revenue declining to ₹2,194.50 crore. The company appointed a new Internal Auditor and changed the designation of a director. IIRM Holdings is addressing non-compliance fines from the Calcutta Stock Exchange.