Q4 RESULTS

IEX net profit grows 9.5% to `97 cr

New Delhi: The Indian Energy Exchange (IEX) has posted a 9.5 per cent rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter on account of higher income. It had clocked Rs 88.34 crore profit after tax (PAT) during the fourth quarter of the last fiscal, the company said in an exchange filing on Wednesday. The company’s total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23. During the period under review, its expenses stood at Rs 22.65 crore, as against Rs 19.52 crore a year ago. In FY24, the consolidated PAT rose 14.7 per cent to Rs 350.78 crore, from Rs 305.88 crore in FY23.

GAIL net profit triples on gas transmission biz

New Delhi: State-owned gas utility GAIL (India) Ltd on Thursday reported more than tripling of its fourth quarter net profit after natural gas transmission and petrochemical business saw a turnaround. Its standalone net profit of Rs 2,176.97 crore in January-March - the fourth quarter of 2023-24 - was 261 per cent more than Rs 603.52 crore net profit in the same period last year, according to stock exchange filing by the company. The net profit was, however, 26 per cent lower than Rs 2,842.62 crore earning in the preceding quarter of October-December.

Redington posts standalone profit at `160.57 cr

Chennai: Integrated technology solutions provider Redington Ltd has reported a standalone net profit for the January-March 2024 quarter at Rs 160.57 crore, the company said. The city-based company had registered a standalone net profits of Rs 124.91 crore during the corresponding quarter of previous year. For the financial year ending March 31, 2024, the standalone profit stood at Rs 1,081.24 crore, as against Rs 1,071.88 core registered a year ago.

Brookfield REIT net income up 89% at `461 cr

New Delhi: Brookfield India Real Estate Trust (BIRET) on Thursday reported an 89 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced distribution of Rs 208.6 crore to unitholders. Its net operating income (NOI) stood at Rs 244.4 crore in the year-ago period. During the full 2023-24 fiscal, the company’s NOI increased to Rs 1,506.2 crore from Rs 960.8 crore in the preceding year, according to a regulatory filing.

Lincoln Pharmaceuticals posts 55% jump in net profit

New Delhi: Lincoln Pharmaceuticals on Thursday reported a 55 per cent jump in consolidated net profit to Rs 18.88 crore for the March quarter of 2023-24 driven by strong sales in the period. The company had reported a net profit of Rs 12.16 crore for the March quarter of 2022-23. Total income of the company surged by 28 per cent to Rs 149.51 crore in the March quarter of 2023-24 compared to Rs 116.35 crore in the year-ago period, according to an exchange filing. Expenses were also higher by 28 per cent to Rs 127.29 crore in the last quarter of FY24 compared to Rs 99.38 crore in the year-ago period.