Indian Energy Exchan Q1 net profit up 7.81% at Rs 68.59 cr
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The company reported standalone net profit of Rs 68.59 crore for the quarter ended June 30, 2022 as compared to Rs 63.62 crore in the same period last year, registering a year-on-year growth of 7.81 per cent. Net revenue of the company rose moderately by 8.72 per cent at Rs 98.35 crore in April-June quarter of this fiscal as against Rs 90.46 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 25.02 per cent to Rs 17.34 crore from Rs 13.87 crore in year ago period.
Other Income grew by 26.28 per cent at Rs 15.04 crore versus (Jun'21 Rs 11.91 crore). Operating Profit surged by 5.77 per cent to Rs 81.01 crore as against Rs 76.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.72 per cent in June quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.55 crore, while Taxation increased by 11.70 per cent at Rs 22.73 crore (Jun'21 Rs 20.35 crore).
