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11-Feb2019

IEX reports 18% rise in Q3 net profit

Indian Energy Exchange (IEX) has reported results for third quarter ended December 31, 2018.

The company has reported 17.73% rise in its net profit at Rs 42.62 crore for the quarter under review as compared to Rs 36.20 crore for the same quarter in the previous year. Total income of the company increased by 9.56% at Rs 76.92 crore for Q3FY19 as compared Rs 70.21 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. 


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