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IEX Q1 results: Net profit rises 6.34% to Rs 42.09 crore


India

IEX Q1 results: Net profit rises 6.34% to Rs 42.09 crore

New Delhi: Indian Energy Exchange (IEX) on Wednesday reported 6.34 per cent surge in its consolidated net profit to Rs 42.09 crore in June quarter, mainly due to higher revenues. The consolidated net profit of the company was Rs 39.58 crore in the quarter ended June 30, a regulatory filing said. Total income increased to…

Fresh Delhi: Indian Energy Switch (IEX) on Wednesday reported 6.34 per cent surge in its consolidated get profit to Rs 42.09 crore in June quarter, mainly on account of better revenues.

The consolidated get profit of the company became Rs 39.58 crore within the quarter ended June 30, a regulatory filing mentioned.

Total profits elevated to Rs 81.09 crore within the first quarter, from Rs 69.66 crore within the identical period final year.

Its consolidated get profit became Rs 175.71 crore in 2019-20. The total profits within the fiscal became Rs 297.40 crore.

The company mentioned that since Indian Gasoline Switch Ltd became incorporated on November 6, 2019, the corresponding monetary results i.e. for the quarter ended June 30, 2019 as contained in these unaudited consolidated monetary results comprise only the standalone monetary results of Indian Energy Switch Ltd.

The neighborhood has furthermore assessed the impression of this whole wretchedness (COVID-19) on its capital and monetary resources, profitability, liquidity arrangement, interior monetary reporting controls and heaps others, and is of the peek that per its present evaluate this wretchedness doesn’t materially impression these unaudited consolidated monetary results, it added.

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