IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24
17 May 2024
1 Min Read
CW Team
The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to Rs1.495 billion, a substantial increase of 15.4 %, with PAT experiencing a commendable growth of 14.7% to Rs951 million. The consolidated PAT for the quarter witnessed a respectable rise of 9.%, reaching Rs967 million. Furthermore, the company highlighted a decrease in Day-Ahead Market (DAM) prices, with an annual average of Rs5.24 per unit, depicting a 12% decline from the previous year. In the fourth quarter, DAM prices further decreased to Rs4.89 per unit, reflecting a notable 20% downturn compared to the corresponding period last year. Demonstrating confidence in its financial robustness, the Board of Directors announced a final dividend of Rs1.50 per share, equivalent to 150% of the face value of equity shares.
(Source: ET Energy)
The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to Rs1.495 billion, a substantial increase of 15.4 %, with PAT experiencing a commendable growth of 14.7% to Rs951 million. The consolidated PAT for the quarter witnessed a respectable rise of 9.%, reaching Rs967 million. Furthermore, the company highlighted a decrease in Day-Ahead Market (DAM) prices, with an annual average of Rs5.24 per unit, depicting a 12% decline from the previous year. In the fourth quarter, DAM prices further decreased to Rs4.89 per unit, reflecting a notable 20% downturn compared to the corresponding period last year. Demonstrating confidence in its financial robustness, the Board of Directors announced a final dividend of Rs1.50 per share, equivalent to 150% of the face value of equity shares.
(Source: ET Energy)
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
