Hot Pursuit     28-Apr-22
IEX Q4 PAT jumps 36% YoY to Rs 83 cr
Indian Energy Exchange reported consolidated net profit soared 36.2% to Rs 83.82 crore on a 19.5% increase in net sales to Rs 112.08 crore in in Q4 FY22 over Q4 FY21.

Consolidated Profit before tax (PBT) surged 42.9% to Rs 114.10 crore in Q4 FY22 from Rs 79.87 crore posted in Q4 FY21. EBITDA grew by 32.6 % to Rs 83.9 crore in Q4 FY22 over Q4 FY21.

On sequential baisis, net profit rose 4.31% to Rs 83.82 crore while, net sales decreased 4.65% to Rs 112.08 crore in Q4 FY22 over Q3 FY22.

Total traded volume across all market segments during the quarter at 27 BU saw about 21% YoY growth. The electricity volumes on the exchange grew by 10.5% YoY with 22.4 BU volumes traded versus 24.8 BU in Q4 FY22.

On full year baisis, reported a 50.1% increase in net profit to Rs 309.26 crore on a 35.6% rise in net sales to Rs 431.04 crore in FY22 over FY21.

IEX in its press release highlighted that, the exchange achieved splendid business performance in fiscal year 2022 accomplishing 102 BU volume across all market segments and seeing about 37% YoY growth. The electricity market comprising DAM (Day-Ahead Market), RTM (Real-Time Market), TAM (Term Ahead Market) , GDAM (Green Day Ahead Market) and GTAM (Green Term Ahead Market) segments contributed 95.6 BU volume, and achieved 29% YoY growth while the Certificate segment constituting REC and ESCerts contributed 6.4 BU and achieved 813% YoY growth.

The volume growth was largely driven by increasing demand for electricity, flexible and efficient procurement at the competitive prices offered by the exchange, besides significant traction by the new market segments.

On the gas market front, the Indian Gas Exchange has seen significant growth, during Q4 FY22, IGX achieved 7 million MMBtu (Metric Million British Thermal Unit) volume as compared to 0.12 million MMBtu in Q4FY21. The company achieved financial breakeven in fiscal year 2022 with a profit after tax of almost Rs 1.8 crore, in fiscal year 2022. IGX achieved 12 million MMBtu volume in fiscal year 2022 compared to 0.2 million MMBtu in fiscal year 2021.

Meanwhile, the board of directors has recommended a dividend of Rs 1 per share for the financial year ended 31 March 2022.

IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.

Shares of Indian Energy Exchange were trading 3.03% lower to Rs 212.75 on BSE.

Previous News
  Indian Energy Exchange consolidated net profit declines 3.91% in the December 2022 quarter
 ( Results - Announcements 21-Jan-23   07:45 )
  Indian Energy Exchange to declare Quarterly Result
 ( Corporate News - 22-May-23   12:37 )
  IEX total volume rises 8%YoY to 8,251 MU in May
 ( Hot Pursuit - 06-Jun-23   09:43 )
  Indian Energy Exchange consolidated net profit rises 21.43% in the September 2023 quarter
 ( Results - Announcements 02-Nov-23   17:00 )
  Indian Energy Exchange schedules board meeting
 ( Corporate News - 18-Nov-22   19:31 )
  IEX electricity volume rises 9% YoY to 7,392 MU in Nov'22
 ( Hot Pursuit - 05-Dec-22   13:08 )
  Siemens Ltd Falls 5.43%, S&P BSE Power index Drops 1.03%
 ( Hot Pursuit - 25-Nov-21   09:45 )
  Indian Energy Exchange Ltd soars 1.98%
 ( Hot Pursuit - 23-Nov-23   13:05 )
  Indian Energy Exchange to declare Quarterly Result
 ( Corporate News - 16-Oct-21   11:07 )
  IEX electricity volume up 54% YoY to 9,477 MU in Nov 2021
 ( Hot Pursuit - 06-Dec-21   14:12 )
  Indian Energy Exchange to conduct board meeting
 ( Corporate News - 16-Jul-21   12:20 )
Other Stories
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
  05-Jul-24   14:52
  Manugraph India Ltd leads losers in 'B' group
  05-Jul-24   14:45
  NSE SME Nephro Care India rallies on listing day
  05-Jul-24   14:45
  ESAF SFB total deposits jumps 33% YoY in Q1
  05-Jul-24   14:43
  Utkarsh SFB deposits climb 30% YoY in Q1 FY25
  05-Jul-24   14:35
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
Back Top