Iris Business Services Q2 Results Live : Iris Business Services declared their Q2 results on 28 October 2024, showcasing impressive growth in both revenue and profit. The topline increased by 28.69% year-over-year, while profit soared by an astonishing 190.37%. Compared to the previous quarter, revenue grew by 11.57%, and profit saw a healthy increase of 36.5%.
The company reported a significant rise in operating income, which was up by 37.56% quarter-over-quarter and an impressive 164.07% year-over-year. This growth reflects Iris Business Services’ robust operational efficiency and market positioning.
Despite the positive financial performance, the selling, general, and administrative expenses also rose, increasing by 10.66% quarter-over-quarter and 18.49% year-over-year. This increase in expenses underscores the company’s investment in growth and expansion efforts.
The earnings per share (EPS) for Q2 stood at ₹1.97, marking a remarkable increase of 180.28% year-over-year. This strong EPS growth is a testament to the company’s ability to generate value for its shareholders.
Iris Business Services has also delivered a solid performance in the stock market, with a return of 4.6% over the last week, an impressive 122.85% return over the last six months, and a staggering 165.55% year-to-date return.
Currently, the company holds a market capitalization of ₹691.31 crore, with a 52-week high of ₹387.6 and a low of ₹99.2, indicating significant growth potential and investor interest.
Iris Business Services Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 30.85 | 27.65 | +11.57% | 23.97 | +28.69% |
| Selling/ General/ Admin Expenses Total | 14.92 | 13.48 | +10.66% | 12.59 | +18.49% |
| Depreciation/ Amortization | 0.53 | 0.47 | +11.21% | 1.15 | -54.18% |
| Total Operating Expense | 26.34 | 24.37 | +8.08% | 22.26 | +18.32% |
| Operating Income | 4.51 | 3.28 | +37.56% | 1.71 | +164.07% |
| Net Income Before Taxes | 4.98 | 3.62 | +37.47% | 1.65 | +201.51% |
| Net Income | 3.85 | 2.82 | +36.5% | 1.33 | +190.37% |
| Diluted Normalized EPS | 1.97 | 1.48 | +33.11% | 0.7 | +180.28% |
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