Iris Business Services Q2 Results Live: Profit Rises by 190.37% YOY

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.