Iris Business Services Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IRIS Business Services reported a strengthened balance sheet post TaxTech divestment, with cash and investments at INR 170 Cr and net worth at INR 189 Cr. Q2 operating margins dipped to 8%, driven by increased investments in RegTech's SaaS business for sales, marketing, and product development. However, SupTech margins slightly improved. IRIS CARBON's Annual Recurring Revenue (ARR) grew 14% to INR 32.4 Cr in H1, with an internal target of 35% for the fiscal year. Two new SupTech contracts were secured. Management is focused on organic growth, especially in RegTech and new ESG offerings, to build scale and future profitability, anticipating the second half to be stronger.