IRIS Business Services Ltd provides solutions in the area of compliance, data and analytics with offerings across the information supply chain and data reporting standards (XBRL and SDMX, among others). Over the past four years, the company has made a shift from a services-focused business to a product-led model.
Financial Results:
- IRIS Business Services Ltd reported Revenues for Q1FY24 of ₹20.63 Crores up from ₹16.64 Crore year on year, a rise of 23.98%.
- Total Expenses for Q1FY24 of ₹19.57 Crores up from ₹15.93 Crores year on year, a rise of 22.85%.
- Consolidated Net Profit of ₹0.93 Crores up 40.91% from ₹0.66 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.48, up 41.18% from ₹0.34 in the same quarter of the previous year.