Indian Energy Exchange Ltd's Q3FY19 standalone net profit rises 17.68% yoy to Rs42.60cr : Beats Estimates

The company’s standalone revenue stood at Rs76.90cr, up 9.54% yoy and 2.26% qoq.

February 08, 2019 9:04 IST | India Infoline Research Team

Indian Energy Exchange Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 77 9.5
EBITDA 62 3.8
EBITDA Margin (%) 80.6 [443]
Net Profit (adjusted) 42.6 17.7
***EBITDA margin change is bps

Indian Energy Exchange Ltd (IEX) reported steady revenue and earnings growth for Q3FY19. Revenue grew by 9.5% yoy to Rs77cr. EBITDA stood at Rs62cr, up 3.8% yoy. EBIDTA margin fell by 443bps yoy to 80.6%. Net Profit stood at Rs42.6cr for Q3FY19, up 17.7% yoy.
  • Total volumes for the Day-ahead and Term-ahead market grew by 20% yoy for the quarter to 13,696mn units.
  • Renewable Energy Certificates (REC) reported a 78% yoy decrease for the quarter to 12 lakhs.
  • The shareholders and Board of the company had approved an Employee Stock Option Scheme. Under this scheme, 208,200 options were vested with the employees of the company till the month of December 2018.

Technical View:

Indian Energy Exchange Ltd is currently trading at Rs. 165.50, down by 0.05 points or 0.03% from its previous closing of Rs. 165.55 on the BSE.
The scrip opened at Rs. 163.85 and has touched a high and low of Rs. 167 and Rs. 163.80 respectively. So far 61,661 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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