Indian Energy Exchange's Q1FY24 consolidated net profit drops QoQ to Rs. 74.13 crores

Indian Energy Exchange Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 127.2756 crores during the period ended June 30, 2023 as compared to Rs. 129.5494 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 74.1391 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 82.8681 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.83 for the period ended June 30, 2023 as compared to Rs. 0.93 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 127.2756 crs	₹129.5494 crs	-1.76%
Net Profit	₹74.1391 crs	₹82.8681 crs	-10.53%
EPS	₹0.83	₹0.93	-10.75%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 127.2756 crores during the period ended June 30, 2023 as compared to Rs.113.3948 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.74.1391 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.68.5863 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.83 for the period ended June 30, 2023 as compared to Rs.0.77 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 127.2756 crs	₹113.3948 crs	12.24%
Net Profit	₹74.1391 crs	₹68.5863 crs	8.10%
EPS	₹0.83	₹0.77	7.79%

Shares of Indian Energy Exchange Limited was last trading in BSE at Rs. 119.95 as compared to the previous close of Rs. 124.35. The total number of shares traded during the day was 934954 in over 8999 trades.

The stock hit an intraday high of Rs. 125.55 and intraday low of 119.00. The net turnover during the day was Rs. 114171205.00.

Source : Equity Bulls

Keywords

IndianEnergyExchange Q1FY24 ResultUpdate IEX