By PTI Oct 21, 2021 8:54:39 PM IST (Updated)
The Indian Energy Exchange (IEX) on Thursday posted a nearly 75 percent jump in consolidated net profit at Rs 77.38 crore for the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 44.33 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.
The Indian Energy Exchange (IEX) on Thursday posted a nearly 75 percent jump in consolidated net profit at Rs 77.38 crore for the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 44.33 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.
Total income rose to Rs 122.30 crore in the quarter from Rs 78.71 crore in the year-ago period. The board in its meeting on Thursday recommended a bonus issue of equity shares in the proportion of two shares of Re 1 each for every one existing share of Re 1 each held by the shareholders as on the record date. This is subject to the approval of shareholders through postal ballot, it added.
Under the bonus issue, 59,91,13,022 equity shares with face value of Re 1 each (total face value Rs 59,91,13,022) would be issued. The bonus shares will be issued out of the free reserves created out of the profits of the company available as at March 31, 2021, it said.