IEX Q1 results: Net profit grows 12% YoY to Rs.135 crore; electricity volumes rise 16%
New Delhi, July 23 -- Indian Energy Exchange (IEX) on Thursday, 23 July, announced its June quarter performance today, post-market hours, reporting a healthy operational and financial performance.
The company's standalone profit after tax (PAT) grew 12.1% year-on-year (YoY) to Rs.126.7 crore from Rs.113 crore in the corresponding quarter last year, while consolidated PAT increased 11.7% YoY to Rs.134.8 crore from Rs.120.7 crore in the same period last year.
The company's electricity trading volume rose 15.9% YoY to 37.5 billion units (BUs) during the quarter. Consolidated revenue increased 10.1% YoY to Rs.202.8 crore, compared with Rs.184.2 crore in the year-ago period.
Commenting on the sector outlook, IEX said India experienced a hot...
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