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IRIS Business Services Ltd gained 10.98% today to trade at Rs 339. The BSE Information Technology index is up 0.55% to quote at 36712.45. The index is up 3.88 % over last one month. Among the other constituents of the index, Ksolves India Ltd increased 2.63% and Birlasoft Ltd added 1.67% on the day. The BSE Information Technology index went down 18.67 % over last one year compared to the 3.59% surge in benchmark SENSEX.
IRIS Business Services Ltd has lost 4.24% over last one month compared to 3.88% gain in BSE Information Technology index and 0.7% rise in the SENSEX. On the BSE, 55 shares were traded in the counter so far compared with average daily volumes of 2493 shares in the past one month. The stock hit a record high of Rs 573.65 on 14 Jan 2025. The stock hit a 52-week low of Rs 229.1 on 23 May 2025.
On a year-on-year (YoY) basis, the company’s net profit fell 8.6% while revenue increased 13.93% in Q2 FY26.
Profit before tax (PBT) fell 10.49% to Rs 11.26 crore in Q2 FY26 compared with Rs 12.58 crore in Q2 FY25.
EBITDA stood at Rs 12.07 crore, registering the growth of 21.4% compared with Rs 13.22 crore posted in corresponding quarter last year. EBITDA margin stood at 30.4% in Q2 FY26 as against 38% in Q2 FY25.
Ratan Kumar Srivastava, chairman and managing director, Ksolves, said, “Ksolves has delivered a strong financial performance in Q2 FY26, reflecting our continued growth and strategic momentum. Major business wins during the quarter have built a robust trajectory for the future, reinforcing our market leadership. Being recognized as the Best Odoo Partner 2025 (India) is a proud achievement that highlights our excellence and commitment to innovation.”
Ksolves India is a trusted software development partner, providing customized solutions that align with clients’ vision and unique business requirements. The company primarily generates its revenue from IT services, including software development, cloud and infrastructure services, maintenance, consulting, and package implementation.