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BUSINESS

Vakrangee, Indian Energy Exchange Net Profit Slips 81.97% in Q2FY23

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Sales rose 12.97% to Rs 234.07 crore. The net profit of Vakrangee declined 81.97% to Rs 4.82 crore in the second quarter of FY23 compared to Rs 26.74 crore in Q2FY22. Sales rose 12.97% to Rs 234.07 crore in the Second quarter of FY23 compared with Rs 207.19 crore in Q2FY22.

Sales of Indian Energy Exchange declined 13.75% to Rs 95.20 crore. The company’s net profit declined 8.4% to Rs 71.20 crore in the second quarter of FY23 as compared with Rs 77.73 crore in Q2FY22. Sales declined 13.75% to Rs 95.20 crore in Q2FY23 compared to Rs 110.38 crore in Q2FY22.

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