IRIS Business Services Sees Revision in Score Following Strong Q2 FY24-25 Performance

IRIS Business Services, a small-cap player in the BPO/ITeS sector, has recently experienced a noteworthy adjustment in its evaluation by MarketsMOJO. The company has demonstrated very positive financial performance in the second quarter of FY24-25, highlighted by a remarkable growth in net profit of 183.94%. This achievement marks the continuation of a strong trend, as IRIS has reported positive results for nine consecutive quarters.
The company's financial health is underscored by a low debt-to-equity ratio, which stands at an average of 0 times, indicating a solid balance sheet. Additionally, operating cash flow reached its highest point at Rs 11.70 crore, while profit before tax less other income grew significantly to Rs 4.29 crore, reflecting a growth rate of 195.86%.

Technically, IRIS Business Services is positioned in a bullish range, with recent trends showing improvement and generating notable returns. The stock has outperformed the BSE 500 over various time frames, showcasing its market-beating performance. Furthermore, it has been added to MarketsMOJO's list, signaling a positive outlook based on its strong metrics and performance indicators.