Share the post "Iris Business Services : Q4 2024 Financial Quarterly Report : YoY Sales Up 45.33 %, QoQ Up 10.48 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 45.33 % in the past year, substantial increase in net sales/revenue by 10.48 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -45.24 %, Marginal increase in other income during this quarter, up by 130%.
- Profit over the Year and quarter: Significant improvement in profitability for Iris Business Services Limited. Notable increase of 229.23 % in net profit Year to Year, Iris Business Services Limited’s profitability increased by 179.9 % in this quarter.
- EPS over the Year and quarter: EPS increased by 229.17 % Year to Year. EPS increased by 178.82 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 19.729 Cr | Rs. 25.953 Cr | Rs. 28.672 Cr | + 10.48 % | + 45.33 % |
| Expenses | Rs. 17 Cr | Rs. 22.62 Cr | Rs. 22.51 Cr | -0.49 % | + 32.41 % |
| Operating Profit | Rs. 2.73 Cr | Rs. 3.33 Cr | Rs. 6.16 Cr | + 84.98 % | + 125.64 % |
| OPM % | 13.84 % | 12.83 % | 21.48 % | + 8.65 % | + 7.64 % |
| Other Income | Rs. 0.42 Cr | Rs. 0.1 Cr | Rs. 0.23 Cr | + 130 % | -45.24 % |
| Interest | Rs. 0.28 Cr | Rs. 0.28 Cr | Rs. 0.35 Cr | + 25 % | + 25 % |
| Depreciation | Rs. 1.16 Cr | Rs. 1.2 Cr | Rs. 0.96 Cr | -20 % | -17.24 % |
| Profit before tax | Rs. 1.71 Cr | Rs. 1.95 Cr | Rs. 5.08 Cr | + 160.51 % | + 197.08 % |
| Tax % | 18.74 % | 16.05 % | 9.55 % | -6.5 % | -9.19 % |
| Net Profit | Rs. 1.4 Cr | Rs. 1.64 Cr | Rs. 4.6 Cr | + 180.49 % | + 228.57 % |
| EPS in Rs | Rs. 0.72 | Rs. 0.85 | Rs. 2.37 | + 178.82 % | + 229.17 % |
Today, we’re looking at Iris Business Services Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 45.33 %. However, it did see a marginal increase of 10.48 % from the previous quarter. Expenses decreased slightly by -0.49 % quarter-on-quarter, aligning with the annual rise of 32.41 %. Operating profit, while up 125.64 % compared to last year, faced a quarter-on-quarter increase of 84.98 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.64 %, but an expansion of 8.65 % sequentially. Other income rose by 130 % compared to the last quarter, despite an annual decline of -45.24 %. Interest expenses surged remarkably by 25 % from the previous quarter, yet the year-over-year increase remains at a moderate 25 %. Depreciation costs fell by -20 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.24 %. Profit before tax grew annually by 197.08 % but saw an increase from the preceding quarter by 160.51 %.
Tax expenses as a percentage of profits decreased slightly by -9.19 % compared to last year, with a more notable quarter-on-quarter decrease of -6.5 %. Net profit rose by 228.57 % year-on-year but experienced a 180.49 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 229.17 % but a quarterly rise of 178.82 %. In summary, Iris Business Services Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 19.729 Cr | Rs. 25.953 Cr | Rs. 28.672 Cr | + 10.48 % | + 45.33 % |
| Expenses | Rs. 17 Cr | Rs. 22.62 Cr | Rs. 22.51 Cr | -0.49 % | + 32.41 % |
| Operating Profit | Rs. 2.73 Cr | Rs. 3.33 Cr | Rs. 6.16 Cr | + 84.98 % | + 125.64 % |
| Net Profit | Rs. 1.4 Cr | Rs. 1.64 Cr | Rs. 4.6 Cr | + 180.49 % | + 228.57 % |
| EPS in Rs | Rs. 0.72 | Rs. 0.85 | Rs. 2.37 | + 178.82 % | + 229.17 % |
In reviewing Iris Business Services Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 45.33 % year-on-year growth, however, there was a minor increase of 10.48 % from the previous quarter. Expenses rose by 32.41 % compared to the previous year, with a decrease of -0.49 % quarter-on-quarter. Operating Profit surged by 125.64 % annually, and saw a 84.98 % increase from the last quarter.
Net Profit showed yearly increase of 228.57 %, and experienced a 180.49 % increase from the previous quarter. Earnings Per Share (EPS) rose by 229.17 % annually, however rose by 178.82 % compared to the last quarter. In essence, while Iris Business Services Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
