IRIS Business Services Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- IRIS Business Services Ltd reported a 5.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 21.4%.
- Its expenses for the quarter were down by 97.3% QoQ and 97.2% YoY.
- The net profit decreased 7.7% QoQ and increased 104.0% YoY.
- The earnings per share (EPS) of IRIS Business Services Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 33.32 | 31.54 | 27.44 | 5.6% | 21.4% |
Total Expenses | 0.71 | 26.56 | 25.36 | -97.3% | -97.2% |
Profit Before Tax | 4.98 | 4.98 | 2.08 | 0.0% | 139.4% |
Tax | 1.39 | 1.09 | 0.31 | 27.5% | 348.4% |
Profit After Tax | 3.59 | 3.89 | 1.76 | -7.7% | 104.0% |
Earnings Per Share | 1.80 | 2.00 | 0.90 | -10.0% | 100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
IRIS Business Services Ltd is a company that specializes in providing regulatory compliance solutions, particularly in the domain of XBRL (eXtensible Business Reporting Language) software and services. Its primary offerings include products and services that facilitate seamless and efficient filing, validation, and analysis of financial data for businesses and regulatory bodies. The company is situated within the technology and services industry, focusing on improving the usability and accessibility of financial data through its suite of software solutions. Recent developments for the company might include expansions in its service offerings or the adoption of new technology platforms to enhance its service delivery, although specifics are not available in the provided data.
Revenue
In the third quarter of FY25, IRIS Business Services Ltd generated a total income of ₹33.32 crores, reflecting a quarter-over-quarter increase of 5.6% from ₹31.54 crores in Q2FY25 and a year-over-year growth of 21.4% from ₹27.44 crores in Q3FY24. This sustained revenue growth over both the quarterly and yearly periods indicates the company's ability to maintain and potentially expand its revenue streams. The increase in total income suggests that the company has been effective in leveraging its services and possibly expanding its customer base or enhancing its product offerings during this period.
Profitability
Profitability metrics for IRIS Business Services Ltd in Q3FY25 show a profit before tax (PBT) of ₹4.98 crores, unchanged from the previous quarter but significantly higher than the ₹2.08 crores recorded in Q3FY24, marking a 139.4% increase year-over-year. The tax expense for the same quarter was ₹1.39 crores, which is a 27.5% increase quarter-over-quarter and a substantial 348.4% rise compared to the previous year. Consequently, the profit after tax (PAT) decreased by 7.7% QoQ to ₹3.59 crores but increased by 104.0% YoY from ₹1.76 crores. Earnings per share (EPS) also reflect these trends, showing a decrease of 10.0% QoQ to ₹1.80 but a 100.0% increase YoY from ₹0.90. These figures illustrate dynamic changes in the company's tax obligations and overall profit margins year-over-year.
Operating Metrics
IRIS Business Services Ltd reported total expenses of ₹0.71 crores in Q3FY25, a significant decrease of 97.3% from ₹26.56 crores in Q2FY25 and 97.2% from ₹25.36 crores in Q3FY24. This dramatic reduction in expenses is a notable trend, suggesting operational adjustments or reclassifications within the company's financial reporting. Such a reduction in expenses has implications for the company's operating efficiency and resource allocation. The stability in profit before tax, despite the substantial decrease in expenses, indicates a noteworthy aspect of the company's financial operations for the period under review.
