IEX Q2 results: Net profit surges 67% YoY, co approves 2:1 bonus issue
The company’s revenue from operations jumped 54 per cent on-year to Rs. 109.16 crore in the reported quarter.
By Chiranjivi Chakraborty, ETMarkets.com |
TOI.in
MUMBAI: Indian Energy Exchange today reported a 67.3 per cent rise in net profit to Rs. 78.1 crore for the quarter ended September.
The company’s revenue from operations jumped 54 per cent on-year to Rs. 109.16 crore in the reported quarter.
The company’s board also approved two-for-one bonus issues under which existing shareholders will get two shares for every one share held by them.
During the quarter, the company’s cost remained largely constant at Rs. 17.97 crore as against Rs. 17.8 crore in the year-ago quarter.
Shares of the company ended 3.9 per cent lower at Rs. 758.50 on the National Stock Exchange.
The company’s revenue from operations jumped 54 per cent on-year to Rs. 109.16 crore in the reported quarter.
The company’s board also approved two-for-one bonus issues under which existing shareholders will get two shares for every one share held by them.
During the quarter, the company’s cost remained largely constant at Rs. 17.97 crore as against Rs. 17.8 crore in the year-ago quarter.
Shares of the company ended 3.9 per cent lower at Rs. 758.50 on the National Stock Exchange.
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