Indian Energy Exchange Reports Significant Profit Surge

The Indian Energy Exchange (IEX) recorded a more than 25% increase in consolidated net profit for the September 30, 2024 quarter, reaching Rs 108.32 crore. This growth is attributed mainly to higher revenues compared to the same period last year, which had a profit of Rs 86.46 crore.

The Indian Energy Exchange (IEX) has announced a significant rise in its consolidated net profit, marking an increase of over 25% to Rs 108.32 crore for the quarter ending September 30, 2024. This growth is a testament to the company's increased revenues.

In comparison, the same quarter last year saw a profit of Rs 86.46 crore, according to a recent regulatory filing. This substantial increase underscores the financial strides the company has made within the past year.

The overall income for IEX during this quarter reached Rs 167.76 crore, up from Rs 132.97 crore recorded in the corresponding period of the previous year, highlighting the company's positive trajectory.

(With inputs from agencies.)