Indian Energy Exchange (IEX) announced a 27% year-on-year increase in consolidated net profit, reaching ₹96.44 crore for the quarter ending June 30, 2024. This growth is attributed to a rise in revenues, with the company recording a consolidated net profit of ₹75.8 crore in the same period last year.
Revenue from operations grew by 18.75% to ₹123.5 crore, up from ₹104 crore in the corresponding quarter of the previous fiscal year, according to a filing with the BSE.
IEX shares closed about 4% higher at ₹174.70 prior to the release of the quarterly results.
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IEX