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IEX reports 31% rise in Q2 net profit

IEX reports 31% rise in Q2 net profit

Indian Energy Exchange (IEX) has reported results for second quarter ended September 30, 2018.

The company has reported 30.65% rise in its net profit at Rs 42.67 crore for the quarter under review as compared to Rs 32.66 crore for the same quarter in the previous year. Total income of the company increased by 23.13% at Rs 75.22 crore for Q2FY19 as compared Rs 61.09 crore for the corresponding quarter previous year.

IEX is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.