Iris Business Services Limited — Updates, 31-01-2025: Press Release

IRIS Business Services Limited reported a 29% year-on-year increase in revenues for the nine-month period ending December 31, reflecting strong performance in the fintech sector, particularly from the Suptech segment. Net profits surged by 155% during the same period, despite a 19% rise in wage costs. The company's total revenues now stand at Rs 123.64 crore for the trailing twelve months, compared to Rs 102.96 crore in the previous fiscal year. Africa remains the primary revenue source, contributing over one-third of total revenues, followed closely by India at approximately 30%.

With a focus on enhancing their marketing efforts for IRIS Carbon, the company anticipates improved results from recent investments in sales and marketing, bolstered by positive customer response and rising inquiries. Additionally, IRIS aims to capitalize on the growing market for ESG reporting software, confident in its competitive positioning as one of the top choices in this segment according to G2 rankings. This positive trajectory suggests potential growth opportunities moving forward.