Shares of Indian Energy Exchange Ltd (IEX) gained 2.59% to ₹171.78 on Friday, January 24, 2025, following the announcement of strong Q3 FY25 results and positive guidance for future growth. The company reported robust growth in both revenue and profit, supported by higher trading volumes and an increase in renewable energy activity.
Key Financial Highlights (Q3 FY25):
- Net Profit: ₹107.3 crore, a 17% YoY increase compared to ₹91.8 crore in Q3 FY24.
- Revenue: ₹132 crore, up 14.5% YoY from ₹115.3 crore in the same quarter last fiscal.
- EBITDA: ₹113 crore, a 14.5% YoY rise from ₹98.8 crore, with a flat EBITDA margin of 85.7%.
- Electricity Volumes: Traded 30.5 billion units (BUs), up 15.9% YoY, driven by ample coal availability and lower prices.
- Renewable Energy Certificates (RECs): 26.52 lakh RECs traded, a 31% YoY increase.
- Gas Market: Indian Gas Exchange (IGX), a subsidiary, reported a 93% YoY growth in traded volumes to 162 lakh MMBtu and a 13% increase in PAT to ₹8.3 crore.
Strong Guidance:
The company highlighted its expectation of a 2.5x multiplier in IEX volume growth compared to power demand over the next decade. Additionally, there was no fresh update from regulators regarding market coupling, providing relief to market participants.
Stock Details:
- Previous Close: ₹167.45
- Day’s Range: ₹168.59 – ₹172.60
- Market Cap: ₹153.44 billion
- P/E Ratio: 39.06
- Dividend Yield: 1.45%
- Year Range: ₹130.20 – ₹244.40
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
