Q4FY21 Result Update - Indian Energy Exchange - ICICI Direct

IEX reported robust Q4FY21 numbers that were a beat on our estimates on all parameters. Strong power demand led by a swift recovery in the economy aided volumes, which came in at 22451 MUs in Q4FY21, up 62.3% YoY & 11.3% QoQ. Further, balance sheet continues to remain top notch aided by strong liquidity and debt free position. Revenue for the quarter came in at Rs. 93.8 crore, up 35.1% YoY & 10.1% QoQ (vs. I-direct estimate of Rs. 89.8 crore). The gas exchange, which is still at a very nascent stage, registered an EBIT loss of Rs. 3.86 crore vs. a loss of Rs. 1.5 crore during previous year. Ensuing PAT came in at Rs. 60.9 crore, up 33.4% YoY & 4.7% QoQ. Tax rate for the quarter was at 23.8%.

For details, click on the link below: Link to the report

Shares of Indian Energy Exchange Ltd was last trading in BSE at Rs.371.6 as compared to the previous close of Rs. 373.15. The total number of shares traded during the day was 118717 in over 2554 trades.

The stock hit an intraday high of Rs. 385.1 and intraday low of 370.25. The net turnover during the day was Rs. 44671722.

Source : Equity Bulls

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