Indian Energy Exchange Q1 Results Revenue Up 1.88% QoQ and 18.77% YoY

Indian Energy Exchange Q1 Results: Indian Energy Exchange reported their financial results with some key highlights in the first quarter of the fiscal year. Their total revenue reached ₹123.56 crores, showing a small increase of 1.88% from the previous quarter and a significant 18.77% rise compared to the same time last year. This indicates that the company's sales have grown both recently and over the past year.

Indian Energy Exchange expenses related to selling, general, and administrative costs were ₹10.99 crores, up by 6.59% from the last quarter and 11.51% more than a year ago. Depreciation and amortization costs were slightly higher at ₹5.24 crores, which is a small increase of 0.37% from the previous quarter and 4.79% from the previous year. Other operating expenses saw a large increase of 106.58% from the previous quarter, totaling ₹13.22 crores, though this was only a small rise of 4.72% compared to last year.

Indian Energy Exchange’s Total operating expenses grew by 34.28% from the last quarter to ₹29.46 crores but increased by just 7.17% from last year. Despite these higher costs, the operating income improved by 22.93% year-over-year, reaching ₹94.11 crores. Net income, the profit after all expenses, rose by 27.18% compared to last year, totaling ₹96.44 crores. The diluted normalized earnings per share (EPS) also increased by 27.06% from the previous year, standing at ₹1.08.

Here's a summary of the Indian Energy Exchange Q1 Results for June 2024:

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Indian Energy Exchange Q1 Results

The Indian Energy Exchange (IEX) released its financial results for the quarter ending on June 30, 2024. The company earned ₹12,356.20 lakh from its core operations during this period, slightly more than the previous quarter, which ended in March 2024, where it earned ₹12,128.38 lakh. Compared to the same quarter last year (June 2023), there was a significant increase in revenue from operations, which was ₹10,403.66 lakh.

Indian Energy Exchange also earned ₹3,078.39 lakh from other sources, bringing the total income for the quarter to ₹15,434.59 lakh. This total income shows growth from both the previous quarter and the same quarter last year.

Indian Energy Exchange’s expenses included employee benefits, finance costs, and other operational costs. The total expenses for the quarter were ₹2,943.45 lakh, which is higher than the previous quarter's expenses but lower than the same quarter last year.

Indian Energy Exchange’s after accounting for these expenses, IEX made a profit before tax of ₹12,491.14 lakh. After paying taxes, the profit for the quarter was ₹9,342.32 lakh. There was also a small amount of other comprehensive income, leading to a total comprehensive income of ₹9,308.33 lakh for the period. The earnings per share were ₹1.05, slightly lower than the previous quarter but higher than the same period last year.

Here's a summary of the unaudited standalone financial results for Indian Energy Exchange for the quarter ended 30 June 2024:

Indian Energy Exchange Financial Metrics

Indian Energy Exchange (IEX) is a major player in India's energy market. The company has a market capitalization of ₹18,158 crore, reflecting the total value of its shares in the market. The current stock price is ₹204, with a 52-week high and low of ₹209 and ₹121, respectively. The Price-to-Earnings (P/E) ratio is 50.3, meaning investors pay ₹50.3 for every rupee of earnings. The book value per share is ₹10.6, and the company offers a dividend yield of 1.23%, showing the return on investment through dividends. 

Here's the information in table format:

Quarterly Results 

The Indian Energy Exchange (IEX) financial table shows key figures for three quarters: December 2023, March 2024, and June 2024. During these periods, sales steadily increased from ₹115 crores in December 2023 to ₹124 crores in June 2024. Operating profit, however, fluctuated slightly, peaking at ₹105 crores in March 2024 before dipping to ₹100 crores in June 2024. 

Here is the table for the quarters of December 2023, March 2024, and June 2024:

About Indian Energy Exchange 

The Indian Energy Exchange (IEX) is the main platform in India for trading electricity, renewable energy, and certificates. It provides a nationwide automated system where buyers and sellers can trade these resources easily. 

Indian Energy Exchange is also expanding its reach beyond India by creating a South Asian Power Market, which means it aims to connect and trade electricity with neighboring countries. The technology used by IEX is modern and user-friendly, helping in setting fair prices and making it easier for companies to buy power.

Indian Energy Exchange serves a wide range of participants, including 60+ distribution utilities, over 700 conventional power generators, and around 1,900 renewable energy generators. It also has a large number of commercial and industrial customers from various sectors like metals, textiles, food processing, and IT. 

The exchange is regulated by the Central Electricity Regulatory Commission and has been operating since June 27, 2008. It became publicly listed on the NSE and BSE in October 2017. Additionally, IEX holds ISO certifications for quality, information security, and environmental management since August 2016. The exchange offers markets for trading electricity, green energy, and certificates.