IIRM Holdings Q4 FY26: Margin-led profit growth and a push beyond motor

On a consolidated basis, Q4 FY26 total income was 651.32 million, EBITDA was 169.77 million (26.07% margin), and PAT was 67.66 million (10.39% PAT margin as stated in highlights).

Consolidated FY26 total income was 2537.20 million versus 2209.53 million in FY25, and EBITDA was 595.69 million versus 470.59 million, with EBITDA margin improving to 23.48% from 21.30%.

The presentation states FY26 GWP mix by vertical as Corporate Business 74.1%, Retail Insurance 12.8%, and Reinsurance 13.1%.

For FY26, the presentation shows GWP mix by geography as India 93%, Sri Lanka 6%, and Maldives 1%.

The presentation lists Insure Easy for personal insurance, I-Work as a core ERP, Evexia as a wellness platform, and Risk Watch for corporate insurance dashboards and claims tracking.

The roadmap highlights strengthening the corporate core, scaling retail via employee access in corporate clients, shifting towards margin-accretive mix, leveraging technology for operating scale, building a reinsurance franchise, and pursuing selective acquisitions of mid-sized brokers.

The group structure slide lists 100% owned India Insure, IIRM Global Shared Services, IIRM Holdings Singapore, and IIRM Wellness; and holdings of 83.19% IIRM Lanka, 75% IIRM Maldives, and 40% IIRM Kenya.