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IRIS Business Services nine-month revenue up by 22%
Mumbai (Maharashtra) [India], February 16: Leading Fintech firm, IRIS Business Services Limited has reported an improved financial performance for the nine-month period ending in December 31, 2022 compared with the corresponding period for the previous year. While the topline grew at 22% for the nine-month period, the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) […]
Mumbai (Maharashtra) [India], February 16: Leading Fintech firm, IRIS Business Services Limited has reported an improved financial performance for the nine-month period ending in December 31, 2022 compared with the corresponding period for the previous year.
While the topline grew at 22% for the nine-month period, the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) did even better, increasing by as much as 42%. For the third quarter, the revenue growth was at 14% over the corresponding period a year ago, with the EBITDA moving up by 13% as well. Profit After Tax for the nine-month period stood at Rs 270 lakhs compared to Rs 18 lakhs in the corresponding period.
“This quarter was significant from a business point of view as well”, said Company Founder and Director, Deepta Rangarajan. “IRIS Carbon, our SaaS reporting platform, soft launched its Disclosure Management module in Europe and we are happy to note that early customers have signed up. We now plan to roll out this module in the multiple geographies where we are present. We see significant upselling possibilities through this offering”, she added.
