Business brief

PIX Transmissions Ltd on Friday posted a 23.46 per cent rise in its consolidated net profit at Rs 19.10 crore during the March quarter, backed by higher income.

It had posted a consolidated net profit of Rs 15.47 crore in the year-ago period, the company said in a regulatory filing.

The consolidated income of the company increased 5.44 per cent to Rs 134.48 crore during January-March 2023 from Rs 127.53 crore a year ago.

Its total expenses also climbed 4.85 per cent to Rs 109.12 crore as against Rs 104.07 crore in the January-March period of FY22.

PIX Transmissions Ltd is the leading manufacturer of belts and related mechanical power transmission products in India.