IEX Q2 results: Rs 8,646 crore in net profit, up 21%

 IEX Q2 results: Rs 8,646 crore in net profit, up 21%

IEX Q2 results: Compared to the same time last year, the company's EBITDA (profits before interest, taxes, depreciation, and amortisation) increased to Rs 12,346.32 crore from Rs 10,497.13 crore.

On November 20, Indian Energy Exchange (IEX) revealed that, thanks to increasing sales, its consolidated net profit for the September quarter of the current fiscal year increased by 21.4 percent year over year to Rs 8,646 crore.

Its sales from the same time last year rose 14% to Rs 10,853.26 crore. In comparison to the same quarter last year, the company's overall revenue increased 16.8% to Rs 13,297.40 crore.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the firm increased to Rs 12,346.32 crore from Rs 10,497.13 crore in the same period last year.