Iris Clothings Q2 FY27 Profit at ₹507.81 Lakhs, Acquires 51% in Infinia Lifestyle
Iris Clothings reported Q2 FY27 profit of ₹507.81 lakhs, up from ₹411.77 lakhs year-on-year. Total income rose to ₹6,222.24 lakhs. The company is acquiring 51% of Infinia Lifestyle for ₹5,712 lakhs via share allotment and cash. Board and shareholder approvals are in place.
The reported financial performance shows strong growth, and the acquisition of a majority stake in another company is a material event that will likely impact the company's future operations and financial standing.
The company reported a significant increase in profit and revenue for the quarter compared to the previous year, and announced a strategic acquisition, indicating positive business developments.
Iris Clothings Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a total income of ₹6,222.24 lakhs for the quarter, an increase from ₹4,728.31 lakhs in the previous quarter and ₹4,434.10 lakhs in the same quarter last year.
Total expenses for the quarter stood at ₹5,557.07 lakhs. Profit before tax was ₹665.16 lakhs, and after tax expense of ₹157.35 lakhs, the profit for the quarter was ₹507.81 lakhs. This represents a significant increase from ₹401.24 lakhs in the previous quarter and ₹411.77 lakhs in the corresponding quarter of the previous year.
The company also reported that it is in the process of acquiring a 51% stake in Infinia Lifestyle Private Limited for a consideration of ₹5,712.00 lakhs. This acquisition involves allotting 7,708,183 equity shares of Iris Clothings at ₹41.67 each, amounting to ₹3,212 lakhs, and a cash consideration of ₹2,500 lakhs. The Board of Directors approved this acquisition on July 8, 2026, and shareholder approval was obtained on August 3, 2026, subject to regulatory approvals.
The Board of Directors approved these results on October 27, 2026. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS). The company operates in a single segment, primarily manufacturing and trading of garments.
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