Indian Energy Exchange zooms ~4% on robust Q1 numbers

28 Jul 2023 , 01:38 PM

Indian Energy Exchange (IEX) shares climbed 4% to Rs 124.5 on the BSE on Friday after reporting a consolidated net profit of Rs 76 crore for the April-June quarter. Profit increased by 10% y-o-y as compared to Rs 69 crore reported in the same period last year.

At around 1.24 PM, IEX was trading 1.92% higher at Rs 122.25, against the previous close of Rs 119.95 on NSE.

Its revenue from operations for the first quarter was Rs 104.03 crore, reflecting a 6% y-o-y increase over Rs 98.35 crore in the previous corresponding quarter. Consolidated EBITDA was Rs 82 crore in the June quarter, while the operating margin was lower at 78.6%, compared to 82.1% the previous year.

The company’s total income increased by 12% year-on-year, reaching Rs 127.36 crore in the current quarter, up from Rs 113.39 crore in the previous year.

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