February 22, 2024

Using on increased revenues, Indian Power Alternate (IEX) on January 25 reported an 18.9 % year-on-year improve in consolidated internet revenue, at Rs 91.8 crore, for the December quarter of the present monetary 12 months. IEX’s internet revenue within the year-ago interval stood at Rs 77.2 crore.

The ability buying and selling platform’s whole revenue elevated 20 % to Rs 141.21 crore from Rs 117.34 crore within the year-ago interval, in keeping with an change submitting. Income from operations grew 15 % to Rs 115.3 crore from Rs 100.27 crore in Q3 FY23.

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The corporate additionally introduced an interim dividend of Rs 1 per fairness share, having a face worth of Rs 1 every for the monetary 12 months 2023-24. The dividend payout is scheduled for February 2, 2024.

The corporate’s EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortisation) rose to Rs 124.7 crore from Rs 100.35 crore within the year-ago quarter, a rise of 24 %.

(This can be a growing story, please observe for extra updates)