IEX September-quarter revenue up 8.6%, profit after tax up 12.9%
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Indian Energy Exchange's Board approved unaudited September-quarter and first-half results. Consolidated revenue rose 8.6% to Rs 167.10 crore and profit after tax rose 12.9% to Rs 139.24 crore. First-half revenue rose 9.9% to Rs 324.97 crore and profit rose 12.3% to Rs 273.99 crore. First-half operating cash flow was Rs 200.83 crore versus negative Rs 8.72 crore a year earlier. The reviewer found no material issue.
The growth is positive for shareholders, but operating costs grew faster than revenue and narrowed the operating margin year on year.