Q4FY22 Result Update - Indian Energy Exchange - ICICI Direct

IEX reported robust Q4FY22 results.

- Revenue was up 19.5% YoY at Rs. 112.1 crore
- EBITDA in Q4FY22 was at Rs. 94.9 crore, up 22.6% YoY with margins at 84.7%
- Consequent PAT in Q4FY22 was at Rs. 88.6 crore, up 9.7% QoQ & 45.3% YoY

Key triggers for future price performance

- Introduction of longer duration delivery bases contracts in power exchanges

- Bhutan commencing trading in DAM, commencing of trade in hydropower contracts in GTAM

- Launch of National Open Access Registry and long duration contracts (up to 365 days) in the first half of CY23

For details, click on the link below: Link to the report

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 214.50 as compared to the previous close of Rs. 214.55. The total number of shares traded during the day was 585183 in over 9029 trades.

The stock hit an intraday high of Rs. 217.25 and intraday low of 211.15. The net turnover during the day was Rs. 125256266.00.

Source : Equity Bulls

Keywords

IndianEnergyExchange INE022Q01020 IEX Q4FY22 ResultUpdate ICICIDirect