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IRIS reports impressive results, enters the Rs 100 cr club

PRNewswire Navi Mumbai Maharashtra [India] May 20 Global Regtech IRIS Business Services Limited BSE 540735 clocked revenues of Rs 10296 crore for the year financial year ended March 31 2024 a growth of 37 from the year preceding Keeping pace with revenues the company turned in an EBITDA of Rs 1588 crore a 45 growth YOY Net profit more than doubled hitting a record high of Rs 879 crore The company operates through 3 business segments COLLECT the business division that delivers solutions to regulators and accounted for 45 of revenues in FY24 This is an enterprise software business CREATE which delivers regulatory filing solutions to enterprises including BFSI players This overwhelmingly SaaS business contributed to 51 of the total revenues in FY24 CONSUME the datatech business which accounts for the rest and whose importance comes from its support for the other two segments The Collect segment made it possible says company CEO S Swaminathan pointing to the whopping 70 increase in r ....

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IRIS Business Services nine-month revenue up by 22 per cent

Mumbai (Maharashtra) [India], February 15 (ANI/PNN): 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 per cent for the nine-month period, the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) did even better, increasing by as much as 42 per cent. For the third quarter, the revenue growth was at 14 per cent over the corresponding period a year ago, with the EBITDA moving up by 13 per cent 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 ....

United States , Deepta Rangarajan , Business Services , Royal Monetary Authority Of Bhutan , Company Founder , Leading Fintech , Services Limited , Earnings Before Interest , After Tax , Disclosure Management , Royal Monetary Authority , Data Warehousing , Mumbai Maharashtra India , Ebruary 15 Ani Pnn Leading Fintech Firm , Ris Business Services Limited Has Reported An Improved Financial Performance For The Nine Month Period Ending In December 31 , 022 Compared With The Corresponding Period For Previous Year While Topline Grew At 22 Per Cent Nine Month , He Earnings Before Interest , Epreciation And Amortization Ebitda Did Even Better , Ncreasing By As Much 42 Per Cent For The Third Quarter , He Revenue Growth Was At 14 Per Cent Over The Corresponding Perioda Year Ago , Ith The Ebitda Moving Up By 13 Per Cent As Well Profit After Tax For Nine Month Period Stood At Rs 270 Lakhs Compared To 18 In Corresponding Quot This Quarter Was Significant Froma Business Point Of View , Aid Company Founder And Director , Eepta Rangarajan Quot Iris Carbon , Ur Saas Reporting Platform , Oft Launched Its Disclosure Management Module In Europe And We Are Happy To Note That Early Customers Have Signed Up Now Plan Roll Out This The Multiple Geographies Where Present See Significant Upselling Possibilities Through Offering Quot , He Added Quot Our Regulatory Reporting Platform Business ,

74% EBITDA growth reflects improved performance by IRIS

Global fintech major, IRIS Business Services Limited has reported an all-round improvement in its performance in H1FY23 over H1FY22. ....

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