IEX Q3 results: Net profit rises 39% to Rs 80 cr

IEX Q3 results: Net profit rises 39% to Rs 80 cr
PTI
Rate Story
Share
Font Size
Save
Comment
Synopsis

Total income of the company rose to Rs 130.77 crore in the December 2021 quarter from Rs 96.09 crore in the year-ago period.

Agencies
New Delhi: Indian Energy Exchange posted nearly 39 per cent rise in consolidated net profit to Rs 80.73 crore in the December quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 58.14 crore in the quarter ended December 31, 2020, a BSE filing stated.

Total income of the company rose to Rs 130.77 crore in the December 2021 quarter from Rs 96.09 crore in the year-ago period.

The board in its meeting held on Monday also approved an interim dividend of Re 1 per equity share of face value of Re 1 each for the financial year ending March 31, 2022.

The board has fixed February 4, 2022, as the record date for the purpose of ascertaining eligibility of the shareholders for the payment of interim dividend.

The interim dividend will be paid within a period of 30 days from the date of declaration, the company said.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Indian Energy Exchange Ltd.. Explore Now