IEX shares rallly 4% after company reports 15% jump in Q4 PAT
Indian Energy Exchange (IEX) shares surged by 4% on Wednesday on the Bombay Stock Exchange (BSE), reaching a high of Rs 151.30 for the day. This increase followed the company's announcement of a 14.7% year-on-year (YoY) rise in its quarterly profit after tax (PAT), reaching Rs 95.1 crore for Q4FY24
of () on Wednesday rose 4% on BSE to the day’s high of Rs 151.30 after the company reported a 14.7% year-on-year (YoY) increase in its after tax () at Rs 95.1 cr for Q4FY24.IEX reported at Rs 149.5 crore for the fourth quarter of FY24, while the revenue for the full financial year stood at Rs 550.8 crore, rising 16.2% YoY.
The company’s total volumes in Q4FY24 were reported at 30.1 billion units (BU) , increased by 15.5% YoY and also culminated FY24 with its highest ever total volume of 110 BU, an increase of 14% YoY.
For fiscal year 2024, the board of directors also announced a final dividend of Rs 1.50, equivalent to 150% of the face value of equity shares.
The improved supply scenario resulted in increased sell at IEX, despite an increase in the country’s demand in the fiscal year 2024. In FY24, the sell liquidity on the exchange increased by 17% YoY, stated the company in a filing to the exchanges.
have increased approximately 8.5% in the last 6 months and gained 3.25% in the past week.
IEX is India’s premier energy exchange providing a nationwide, automated platform for physical delivery of , renewable power, renewable energy certificates and energy saving certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.
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Source: Stocks-Markets-Economic Times
