New Delhi, May 12 (PTI) 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.

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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.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)