IRIS Business Services Ltd posts consolidated Q4FY21 PAT of Rs. 3.96 crore

IRIS Business Services Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (H1 FY20-21)

The company has reported net sales of Rs.33.70 crores during the 6 months period ended March 31, 2021 as compared to Rs.22.89 crores during the period ended September 30, 2020.

The company has posted net profit of Rs.3.96 crores for the 6 months period ended March 31, 2021 as against Rs.(1.24) crores for the 6 months period ended September 30, 2020.

The company has reported EPS of Rs.2.1 for the 6 months period ended March 31, 2021 as compared to Rs.(0.65) for the 6 months period ended September 30, 2020.

Financials	H2 FY20-21	H1 FY20-21	% Change
Total Income	₹ 33.70 crs	₹ 22.89 crs	47.23%
Net Profit	₹ 3.96 crs	₹ (1.24) crs	419.35%
EPS	₹ 2.1	₹ (0.65)	423.08%

Financial Results (H2 FY20-21) - YoY Comparison

The company has reported net sales of Rs.33.70 crores during the 6 months period ended March 31, 2021 as compared to Rs.29.21 crores during the 6 months period ended March 31, 2020.

The company has posted net profit of Rs.3.96 crores for the 6 months period ended March 31, 2021 as against Rs.1.49 crores for the 6 months period ended March 31, 2020.

The company has reported EPS of Rs.2.1 for the 6 months period ended March 31, 2021 as compared to Rs.0.79 for the 6 months period ended March 31, 2020.

Financials	H2 FY20-21	H2 FY19-20	% Change
Total Income	₹ 33.70 crs	₹ 29.21 crs	15.37%
Net Profit	₹ 3.96 crs	₹ 1.49 crs	165.77%
EPS	₹ 2.1	₹ 0.79	165.82%

Financial Results (Year ended FY 2020-21) - YoY Comparison

The company has reported net sales of Rs.56.59 crores for the year ended March 31, 2021 as compared to Rs.51.57 crores for the year ended March 31, 2020.

The company has posted net profit of Rs.2.72 crores for the year ended March 31, 2021 as against Rs.0.46 crores for the year ended March 31, 2020.

The company has reported EPS of Rs.1.44 for the year ended March 31, 2021 as compared to Rs.0.25 for the year ended March 31, 2020.

Financials	FY2020-21	FY2019-20	% Change
Total Income	₹ 56.59 crs	₹ 51.57 crs	9.73%
Net Profit	₹ 2.72 crs	₹ 0.46 crs	491.3%
EPS	₹ 1.44	₹0.25	476%

Shares of IRIS Business Services Ltd was last trading in BSE at Rs.69.75 as compared to the previous close of Rs. 70.35. The total number of shares traded during the day was 60000 in over 15 trades.

The stock hit an intraday high of Rs. 70.2 and intraday low of 68. The net turnover during the day was Rs. 4177800.

Source : Equity Bulls

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