IEX Q1 profit down 5.5% at Rs 40 crore

New Delhi: Indian Energy Exchange on Wednesday reported a 5.5 per cent decline in net profit to Rs 39.58 crore for the quarter ended June 30, 2019, mainly due to lower revenues.

The company's net profit stood at Rs 41.89 crore in the quarter ended June 30, 2018, it said in a BSE filing.

According to the statement, Indian Energy Exchange's (IEX) total income fell to Rs 69.66 crore in April-June quarter from Rs 74.18 crore a year ago.


IEX is a registered power exchange and the same constitutes a single operating segment.

The financial results for June quarter were approved by the board of directors of the company in a meeting held on Wednesday.