November 08, 2017

IEX net profit rises 8% to Rs 32 cr in Jul-Sep qtr

Business Standard

Indian Energy Exchange reported 8 per cent increase in its standalone net profit to Rs 32.65 crore in the quarter ended September 30. =The company's standalone net profit was Rs 30.14 crore in the quarter ended September 30, 2016, Indian Energy Exchange said in a statement.

According to the statement, the company's total income was Rs 61.09 crore in the quarter under review compared to Rs 61.87 crore in the same period last year. The revenue from the power business rose to Rs 55.81 crore in the quarter from Rs 50.79 crore a year ago.

The company is registered power exchange and constitutes a single operating segment.

Its standalone net profit in April-September period this fiscal rose to Rs 64.03 crore from Rs 57.91 crore a year ago. The total income during the first half was Rs 122.99 crore as compared to Rs 116.29 crore in the corresponding period last year.