Pix Transmission Reports 28% Profit Surge in FY24's March Quarter

Pix Transmission reported a 28% increase in consolidated profit after tax, reaching Rs 24.43 crore for the March quarter of FY24. This rise is attributed to lower expenses. The total income also saw an increase from Rs 134.48 crore to Rs 135.59 crore. Expenses dropped to Rs 104.76 crore, and a final dividend of Rs 7 per share was approved.

Pix Transmission on Friday reported 28 per cent rise in consolidated profit after tax at Rs 24.43 crore for March quarter FY24 on account of lower expenses.

It had clocked Rs 19.10 crore profit after tax (PAT) in the year-ago period, the company said in an exchange filing.

Total income rose to Rs 135.59 crore from Rs 134.48 crore in January-March FY23.

During the period under review, expenses stood at Rs 104.76 crore as against Rs 109.12 crore a year ago.

The company's board also approved a final dividend of Rs 7 per share for FY24.

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