Indian Energy Exchange Q4 net profit up 35.23% at Rs 63.83 cr
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The company reported standalone net profit of Rs 63.83 crore for the quarter ended March 31, 2021 as compared to Rs 47.20 crore in the same period last year, registering a year-on-year growth of 35.23 per cent. Net revenue of the company rose substantially by 37.03 per cent at Rs 95.02 crore in January-March quarter of this fiscal as against Rs 69.34 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 6.59 per cent to Rs 14.18 crore from Rs 15.18 crore in year ago period. Other Income dipped by 32.37 per cent at Rs 6.79 crore versus (Mar'20 Rs 10.04 crore).
Operating Profit surged by 49.26 per cent to Rs 80.84 crore as against Rs 54.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.92 per cent in March quarter. Interest declined by 5.88 per cent y-o-y to Rs 0.48 crore, while Taxation increased by 66.61 per cent at Rs 19.91 crore (Mar'20 Rs 11.95 crore).
