IEX Q1FY25 PAT Grows 26% to Rs 93 Cr
IEX's Profit After Tax for Q1FY25 increased by 26% year-on-year to Rs 93 crore for standalone basis with a 27% increase in consolidated PAT from Rs 76 crore in Q1FY24 to Rs 96 crore in Q1FY25.
by Damodharan N
Updated Jul 27, 2024
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Table of Content
Indian Energy Exchange (IEX) has reported a strong financial performance for Q1FY25, with its Profit After Tax (PAT) increasing by 26% to Rs 93 crore. This is a notable improvement from the PAT of Rs 74 crore recorded in Q1FY24. This substantial growth underscores IEX's ability to maintain momentum despite market challenges.
Detailed Analysis:
- Quarterly Performance: The PAT growth of 26% from Rs 74 crore in Q1FY24 to Rs 93 crore in Q1FY25 indicates a robust quarter for IEX. This growth contrasts sharply with the previous quarter's PAT of Rs 76 crore in Q1FY24, showing an acceleration in profitability.
- Year-on-Year Trends: The PAT figures over the past few years demonstrate IEX's consistent growth trajectory. For FY20, IEX reported a PAT of Rs 178 crore, which increased to Rs 213 crore in FY21. The PAT further surged to Rs 341 crore in FY22, reflecting strong operational performance. The decrease to Rs 303 crore in FY23 was followed by the latest positive turn in Q1FY25.
Source: Here
IEX Q1FY25 Results
Indian Energy Exchange (IEX) has reported impressive results for the first quarter of FY25. The company achieved a consolidated profit after tax (PAT) of ₹93 crore, reflecting a substantial 26% increase from ₹74 crore in the same quarter last year.
Key Highlights:
- Revenue Growth: Operating revenue for Q1FY25 reached ₹449 crore, up 15% from ₹391 crore in Q1FY24. This growth was driven by a 16% increase in trading volume and a 21% rise in revenue from electricity certificates.
- EPS Performance: Earnings per share (EPS) climbed 27% to ₹16.6, compared to ₹13.1 in the previous year, underscoring the company's effective cost management and revenue expansion.
- Operating Expenses: While operating expenses grew by 18%, the increase was offset by higher revenue. Manpower costs and other expenses were also up, but the overall efficiency improvements contributed to the robust PAT growth.
- Cost Efficiency: The company's technology costs increased by 18%, but its operating expenses as a percentage of total revenue remained steady at 12%, highlighting its focus on maintaining operational efficiency.
Overall, IEX’s strong performance in Q1FY25 highlights its commitment to innovation and technology, setting a positive tone for the rest of the financial year.
Indian Energy Exchange
Indian Energy Exchange (IEX) is India's leading energy marketplace, offering an automated platform for trading electricity, renewables, and certificates. It aims to integrate the South Asian power market through cross-border electricity trade.
Established in 2008 and listed on NSE and BSE since 2017, IEX operates with advanced technology to facilitate efficient trading and price discovery. It serves over 7,600 participants across India, including utilities, generators, and industrial consumers.
IEX is regulated by the Central Electricity Regulatory Commission and holds ISO certifications for quality, information security, and environmental management.
IEX Q1FY25 PAT Grows 26% to Rs 93 Cr - FAQs
1. What was IEX's Profit After Tax (PAT) for Q1FY25?
IEX's PAT for Q1FY25 was ₹93 crore.
2. How much did IEX's PAT increase year-on-year in Q1FY25?
IEX's PAT increased by 26% year-on-year in Q1FY25.
3. What was the consolidated PAT for IEX in Q1FY25?
The consolidated PAT for IEX in Q1FY25 was ₹96 crore.
4. How does the consolidated PAT for Q1FY25 compare to Q1FY24?
The consolidated PAT increased by 27% from ₹76 crore in Q1FY24 to ₹96 crore in Q1FY25.
5. What was IEX's PAT for Q1FY24?
IEX's PAT for Q1FY24 was ₹74 crore.
6. What was IEX's PAT for Q4FY24?
IEX's PAT for Q4FY24 was ₹76 crore.
7. What was the quarter-on-quarter growth in PAT from Q4FY24 to Q1FY25?
The quarter-on-quarter growth in PAT was 22% from ₹76 crore in Q4FY24 to ₹93 crore in Q1FY25.
8. What was IEX's operating revenue for Q1FY25?
IEX's operating revenue for Q1FY25 was ₹449 crore.
9. How did the operating revenue in Q1FY25 compare to Q1FY24?
Operating revenue increased by 15% from ₹391 crore in Q1FY24 to ₹449 crore in Q1FY25.
10. What was the percentage increase in trading volume in Q1FY25?
Trading volume increased by 16% in Q1FY25.
11. How much did revenue from electricity certificates rise in Q1FY25?
Revenue from electricity certificates rose by 21% in Q1FY25.
12. What was IEX's Earnings Per Share (EPS) for Q1FY25?
IEX's EPS for Q1FY25 was ₹16.6.
13. How does the EPS for Q1FY25 compare to the previous year?
EPS increased by 27% from ₹13.1 in the previous year.
14. What was the percentage increase in operating expenses for Q1FY25?
Operating expenses grew by 18% in Q1FY25.
15. How did IEX manage its operating expenses relative to its revenue?
Despite higher operating expenses, IEX maintained efficiency with operating expenses as a percentage of total revenue at 12%.
16. What was the percentage increase in technology costs for Q1FY25?
Technology costs increased by 18% in Q1FY25.
17. How many participants are served by IEX?
IEX serves over 7,600 participants.
18. What is the role of IEX in cross-border electricity trade?
IEX is pioneering cross-border electricity trade to integrate the South Asian power market.
19. How does IEX ensure operational efficiency despite increased costs?
IEX maintains operational efficiency by keeping operating expenses as a percentage of revenue steady at 12%.
20. What was the PAT for FY20?
The PAT for FY20 was ₹178 crore.
21. How did the PAT for FY21 compare to FY20?
The PAT for FY21 increased to ₹213 crore from ₹178 crore in FY20.
22. What was the PAT for FY22?
The PAT for FY22 was ₹341 crore.
23. What was the PAT for FY23?
The PAT for FY23 was ₹303 crore.
24. What is the significance of IEX's cross-border electricity trade?
It aims to create an integrated South Asian Power Market, expanding beyond India's borders.
25. What are the key components of IEX's market offerings?
IEX's market offerings include the Electricity Market, Green Market, and Certificate Market.
26. How does IEX support efficient price discovery?
Through its advanced, customer-centric technology that facilitates ease of power procurement and trading efficiency.
27. What is IEX's approach to maintaining operational excellence?
IEX emphasizes innovation, technology, and efficient cost management to sustain operational excellence.
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