Indian Energy Exchange achieves consolidated growth of 50.20% yoy in PAT; stock skids ~3%

28 Apr 2022 , 10:56 AM

Indian Energy Exchange Limited has reported results for the quarter and fiscal year ended March 31, 2022. The company has logged 28% yoy growth in revenue at Rs128.40 crore for Q4FY22 as compared to Rs100.30 crore for Q4FY21.

Revenue for FY22 grew 36% yoy at Rs484.40 crore as compared to Rs356.20 crore for FY21.

EBITDA for Q4FY22 reported a growth of 32.60% yoy at Rs111.30 crore as against Rs83.90 crore for Q4FY21. It reported a jump of 44.30% in EBITDA for FY22 at Rs417 crore as against Rs289 crore in FY21.

PAT for the quarter under review stood at Rs88.40 crore, up by 45.30% yoy against Rs60.80 crore in Q4FY21. For the financial year under review PAT jumped 50.20% yoy at Rs308.60 crore as against Rs205.40 crore in FY21.

PBT for Q4FY22 grew 42.90% yoy at Rs114.10 crore as compared to Rs79.80 crore in Q4FY21. For FY22, PBT was reported at Rs405.20 crore against Rs270.40 crore in FY21, up by 49.80% yoy.

In the fiscal year 2022, the peak demand met reached 201GW, seeing 6% yoy growth, while the electricity consumption at 1,370 BU witnessed about 7.8% yoy growth. As of March 31, 2022, the total installed power generation capacity stands at 399 GW and renewables capacity at 157GW constituting 39% of total installed generation capacity.

IEX is currently trading at Rs213.35 down by Rs6.05 or 2.76% from its previous closing of Rs219.40 on the BSE. The scrip opened at Rs224.25 and has touched intraday high and low of Rs224.25 and Rs212.35 respectively.