Indian Energy Exchange Set to power ahead
A bargain in a volatile market that offers good earnings visibility and comfort in valuations23-01-2023
23-01-2023
Q3FY23 Quarterly Result Announced for Indian Energy Exchange Ltd.
Indian Energy Exchange announced Q3FY23 results: Q3FY23: IEX Achieves 24.2 BU Overall Volume in Q3FY23 Electricity Volume at 23 BU, grows 9% QoQ Consolidated PAT rises 8.4% QoQ Reaffirms commitment to sustainability- forms international carbon exchange to promote voluntary carbon market Becomes India’s first Carbon-Neutral power exchange The Exchange achieved electricity volumes of 23 BU, growth of 9% QoQ. However, electricity volumes declined 2% on YoY basis as compared to Q3 FY22. The overall volume at the Exchange was 24.2 BU during Q3FY23, a 5% QoQ growth across all market segments. On a consolidated basis, revenue for the quarter increased by 3.1% QoQ, from Rs 113.8 crore in Q2FY23 to Rs 117.4 crore in Q2FY23. PAT grew by 8.4% QoQ from Rs 71.2 crore to Rs 77.2 crore with a margin of 66%. In the quarterly average price premium declined from 293% in Q2 FY2023 to 242% in Q3FY23, it was considerably higher as compared to 35% for the special forward e-auction price for the power sector in FY2022 Continuing high spot e-auction coal prices led to the average clearing price in the Day-ahead market at Rs 4.56 in Q3FY23, while lower from Rs.5.40 in the previous quarter, but still high to provide optimization potential for Discoms and Open Access consumers. Result PDF23-01-2023
Indian Energy Exchange Q3 net profit down at 77 crore
Persistent high spot e-auction coal prices led to average clearing price in the day-ahead market at 4.56 in Q3 FY2023, while lower from 5.40 in the previous quarter, but still high to provide optimization potential for discoms and open access consumers21-01-2023
Indian Energy Exchange Ltd - 540750 - Announcement under Regulation 30 (LODR)-Newspaper Publication
IEX : Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results for the quarter ended December 31, 2022.21-01-2023
Indian Energy Exchange Ltd - 540750 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Indian Energy Exchange Limited has informed the Exchange regarding a press release dated January 20, 2023, titled "Unaudited Financial Results for the quarter ended December 31, 2022".20-01-2023
Indian Energy Exchange Ltd - 540750 - Announcement under Regulation 30 (LODR)-Investor Presentation
Indian Energy Exchange Limited has informed the Exchange about Investor Presentation on Unaudited Financial Results for the quarter ended December 31, 2022.20-01-2023
Indian Energy Exchange Ltd - 540750 - Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended December 31, 2022
Board of Directors of the Company in their meeting held today i.e. i.e. Friday, January 20, 2023, have considered and approved the Unaudited financial results (Standalone & Consolidated) along with Limited Review Report thereon for the quarter ended December 31, 2022.20-01-2023
Indian Energy Exchange Ltd - 540750 - Board Meeting Outcome for Outcome Of Board Meeting Held On Today, Friday, January 20, 2023
Board of Directors of the Company in their meeting held today i.e. Friday, January 20, 2023, have considered and approved the Unaudited financial results (Standalone & Consolidated) along with Limited Review Report thereon for the quarter ended December 31, 2022. The meeting of the Board of Directors commenced at 04:00 p.m. and concluded at 06:30 p.m. on the same day.20-01-2023
Indian Energy Exchange Ltd - 540750 - Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
Indian Energy Exchange Limited has informed the Exchange regarding daily report pursuant to Regulation 15(i) of the Buyback Regulations regarding the equity shares bought-back on January 19, 2023. Total no. of equity shares bought back are 205000.19-01-2023
Indian Energy Exchange Ltd - 540750 - Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
Indian Energy Exchange Limited has informed the Exchange regarding daily report pursuant to Regulation 15(i) of the Buyback Regulations regarding the equity shares bought-back on January 16, 2023. Total no. of equity shares bought back are 0(Nil).16-01-2023