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

**Company Update**

IRIS Business Services has released its latest financial results for the quarter and nine months ending December 31, 2024. The consolidated revenue from operations surged to ₹3,283.13 crore, marking a year-on-year increase compared to ₹2,734.42 crore. Net profit for the period stood at ₹359.33 crore, reflecting a robust performance versus ₹176.46 crore in the same quarter last year. Employee benefit expenses increased to ₹1,630.63 crore, while total expenses for the quarter reached ₹2,834.17 crore, leading to a profit before tax of ₹497.85 crore. Notably, the company also approved the allotment of 5,43,478 equity shares via a preferential issue, raising approximately ₹9.99 crore. This capital infusion is aimed at bolstering operations and supporting future growth strategies. With improved financials and recent funding, the outlook remains positive for IRIS. Investors are advised to monitor the company's developments closely.