IRIS Business Services Ltd Q1 FY2024 consolidated net profit at Rs. 92.78 lakhs

IRIS Business Services Ltd has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 20.7298 crores during the period ended June 30, 2023 as compared to Rs. 21.0949 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.9278 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 1.5821 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.48 for the period ended June 30, 2023 as compared to Rs. 0.81 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 20.7298 crs	₹21.0949 crs	-1.73%
Net Profit	₹0.9278 crs	₹1.5821 crs	-41.36%
EPS	₹0.48	₹0.81	-40.74%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 20.7298 crores during the period ended June 30, 2023 as compared to Rs.16.7523 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.9278 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.6565 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.48 for the period ended June 30, 2023 as compared to Rs.0.36 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 20.7298 crs	₹16.7523 crs	23.74%
Net Profit	₹0.9278 crs	₹0.6565 crs	41.33%
EPS	₹0.48	₹0.36	33.33%

Shares of IRIS Business Services Ltd was last trading in BSE at Rs. 89.56 as compared to the previous close of Rs. 91.68. The total number of shares traded during the day was 41529 in over 516 trades.

The stock hit an intraday high of Rs. 94.60 and intraday low of 88.60. The net turnover during the day was Rs. 3777880.00.

Source : Equity Bulls

Keywords

IRISBusinessServices Q1FY24 ResultUpdate