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Earning Score:IEX Net Profit Jumps 20pc

The Indian Energy Exchange (IEX) reported ~20pc jump in its net profit to Rs37.85-Cr in the Q$FY19, mainly on account of higher revenues.

As per its release, the IEX’s total income rose to Rs67.83-Cr in the Q4, from Rs62.86-Cr, YoY, while the net profit in the entire FY ended on 31-March also rose to Rs165.03-Cr, V/s Rs131.68-Cr in the previous fiscal. Total income through 2018-19 also mounted to Rs294.15-Cr from Rs256.07-Cr, a year ago.

On Friday, shares of IEX closed at Rs159.10, up 0.63pc from its previous close of Rs158 on the NSE.