IRIS Business Services's gross profit for the
three
months ended in Mar. 2024 was ₹167 Mil. IRIS Business Services's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was ₹510 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of IRIS Business Services's Gross Profit
For the Software - Application subindustry, IRIS Business Services's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IRIS Business Services's Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, IRIS Business Services's Gross Profit distribution charts can be found below:
* The bar in red indicates where IRIS Business Services's Gross Profit falls into.
IRIS Business Services Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
IRIS Business Services's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹510 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
IRIS Business Services (BOM:540735) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
IRIS Business Services had a gross margin of 55.08% for the quarter that ended in Mar. 2024 => Durable competitive advantage
IRIS Business Services Gross Profit Related Terms
Thank you for viewing the detailed overview of IRIS Business Services's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
IRIS Business Services (BOM:540735) Business Description
IRIS Business Services Ltd is a provider of software products for compliance, data, and analytics. It offers products such as IRIS CARBON, a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs, IRIS FinX, an integrated consolidation application, which enables end-to-end financial reporting by extracting data from various source; IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies and IRIS iDEAL, a regulation reporting application for banks and financial institutions. The group's segments are Collect, Create and Consume. Its geographic segments are Middle Eastern Countries, America (including Canada and South American countries), Europe, India, Others.
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