IRIS Business Services Reports Strong Q3 FY24-25 Growth Amid Stock Evaluation Shift
IRIS Business Services has announced its financial results for Q3 FY24-25, highlighting significant growth in key metrics. Profit Before Tax reached Rs 4.49 crore, while Profit After Tax was Rs 3.54 crore. Net sales also saw a notable increase, reaching Rs 32.83 crore, the highest in five quarters.
IRIS Business Services, operating in the BPO/ITeS sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance for Q3 FY24-25, showcasing significant growth in key financial metrics.The Profit Before Tax (PBT) for the quarter reached Rs 4.49 crore, reflecting a substantial year-on-year growth of 126.77%. Similarly, the Profit After Tax (PAT) stood at Rs 3.54 crore, marking an impressive increase of 104.6% compared to the previous year. Additionally, net sales reached Rs 32.83 crore, the highest recorded in the last five quarters, with a year-on-year growth of 20.08%.
Despite these positive indicators, the stock's evaluation has undergone an adjustment, with the score shifting from 26 to 23 over the past three months. This revision in its score suggests a change in the overall assessment of the stock, reflecting the dynamic nature of the market and the company's performance.
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