New Delhi, Nov 10 (PTI) PIX Transmissions Ltd on Friday posted a 38 per cent rise in its net profit to Rs 19.51 crore during the September 2023 quarter, helped by reduced expenses.

It had clocked a net profit of Rs 14.08 crore during the July-September period of the preceding fiscal, according to a regulatory filing.

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The company's total income rose to Rs 118.37 crore against Rs 116.69 crore in the same quarter a year ago.

Its expenses slipped to Rs 92.20 crore from Rs 97.60 crore in the year-ago period.

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PIX is a manufacturer of Belts and related mechanical power transmission products.

(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)