Iris Business Services Reports Strong Financial Results, Receives 'Buy' Rating from MarketsMOJO

IRIS Business Services, a leading BPO/ITeS company, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a score of 26, which is an improvement from the previous quarter's score of 31.

One of the key highlights of the financial results is the significant growth in Profit Before Tax (PBT) and Profit After Tax (PAT). The PBT for the quarter stands at Rs 4.29 crore, showing a remarkable growth of 195.86% compared to the same quarter last year. Similarly, the PAT has also seen a growth of 189.5% year on year, reaching Rs 3.85 crore. This indicates a very positive trend in the company's near-term financial performance.

Another noteworthy aspect of the financial results is the company's strong operating cash flow. With a record high of Rs 11.70 crore, the company has consistently shown growth in its cash revenues from business operations in the last three years.

In terms of sales, IRIS Business Services has also shown a positive trend. The net sales for the quarter stand at Rs 30.85 crore, which is the highest in the last five quarters. This also reflects a growth of 28.70% year on year, indicating a positive near-term sales trend for the company.

Based on these impressive financial results, MarketsMOJO has given a 'Buy' call for IRIS Business Services' stock. With its strong financial performance and positive trends, the company is poised for growth in the BPO/ITeS industry. Investors can look forward to a promising future with IRIS Business Services.