Financial Performance Highlights
Quarterly Performance (Q2 FY27):
- Total Revenue: ₹4,093 lakh, showing 32% YoY growth (Q2 FY26: ₹3,110 lakh) and 16% QoQ growth (Q1 FY27: ₹3,524 lakh)
- Revenue from Operations: ₹3,874 lakh, showing 35% YoY growth (Q2 FY26: ₹2,856 lakh) and 18% QoQ growth
- Total Expenses: ₹3,683 lakh, showing 30% YoY growth (Q2 FY26: ₹2,841 lakh) and 7% QoQ growth
- Employee expenses: ₹2,102 lakh (25% YoY growth)
- Other Expenses: ₹1,581 lakh (37% YoY growth)
- EBITDA: ₹410 lakh, showing 52% YoY growth (Q2 FY26: ₹269 lakh) and 394% QoQ growth
- EBITDA Margin: 10% (Q2 FY26: 9%)
- PAT: ₹109 lakh, showing -41% YoY decline (Q2 FY26: ₹184 lakh)
- PAT Margin: 3% (Q2 FY26: 6%)
Half-Yearly Performance (H1 FY27):
- Total Revenue: ₹7,617 lakh, showing 32% YoY growth (H1 FY26: ₹5,749 lakh)
- Revenue from Operations: ₹7,149 lakh, showing 33% YoY growth (H1 FY26: ₹5,376 lakh)
- Total Expenses: ₹7,124 lakh, showing 33% YoY growth (H1 FY26: ₹5,337 lakh)
- Employee expenses: ₹4,154 lakh (33% YoY growth)
- Other Expenses: ₹2,970 lakh (34% YoY growth)
- EBITDA: ₹493 lakh, showing 20% YoY growth (H1 FY26: ₹412 lakh)
- EBITDA Margin: 6% (H1 FY26: 7%)
- PAT: ₹12 lakh, showing -95% YoY decline (H1 FY26: ₹221 lakh)
- PAT Margin: 0% (H1 FY26: 4%)
Balance Sheet Position (H1 FY27)
- Equity Share Capital: ₹2,057 lakh (unchanged from FY26)
- Other Equity: ₹18,156 lakh (FY26: ₹18,014 lakh)
- Total Equity: ₹20,215 lakh (FY26: ₹20,073 lakh)
- Cash and Cash Equivalents: ₹1,407 lakh (FY26: ₹1,331 lakh)
- Bank Balances (other than cash): ₹7,408 lakh (FY26: ₹3,203 lakh)
- Trade Receivables: ₹4,393 lakh (FY26: ₹2,749 lakh)
- Total Assets: ₹27,741 lakh (FY26: ₹25,271 lakh)
Business Segments and Operations
SupTech Business (Regulator Business):
- Provides regulatory technology solutions to regulators across 55+ countries
- Serves 30+ regulators worldwide
- Business characterized as durable and recurring
- Recent expansion into new categories: deposit insurance, tax, and pension
RegTech Business:
- Two main products: IRIS CARBON for enterprises and iDeal for banks
- IRIS CARBON serves 10+ global XBRL/iXBRL mandates including SEC, ESEF, FERC, HMRC, CIPC
- Expanding use cases to include sustainability reporting, board packs, and IPO prospectus creation
- iDeal platform automates regulatory filings for banks, handling over 100,000 data points annually
AI Integration:
- Domain-powered AI models built on 20+ years of regulatory expertise
- Focus on speed, accuracy, auditability, and consistency in regulatory reporting
- AI capabilities integrated across both regulator and enterprise solutions
Geographic Revenue Mix
Revenue generated from global operations across multiple jurisdictions served
Competitive Positioning
- 20+ years of experience in RegTech space
- Listed company with mature, stable products
- Thousands of filers on the platform
- Rated 4.8/5 on G2 with 92% NPS
- Long-term contracts leading to high Customer Lifetime Value
Signed By
Santoshkumar Sharma, Company Secretary & Compliance Officer (ICSI Membership No. ACS 35139)