Indian Energy Exchange Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Indian Energy Exchange Ltd reported a 4.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.7%.
- Its expenses for the quarter were down by 1.8% QoQ and up 11.6% YoY.
- The net profit decreased 1.0% QoQ and increased 16.9% YoY.
- The earnings per share (EPS) of Indian Energy Exchange Ltd stood at 1.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 160.53 | 167.77 | 141.22 | -4.3% | 13.7% |
Total Expenses | 25.02 | 25.49 | 22.42 | -1.8% | 11.6% |
Profit Before Tax | 135.51 | 142.28 | 118.80 | -4.8% | 14.1% |
Tax | 32.16 | 36.84 | 30.48 | -12.7% | 5.5% |
Profit After Tax | 107.29 | 108.32 | 91.81 | -1.0% | 16.9% |
Earnings Per Share | 1.20 | 1.20 | 1.00 | 0.0% | 20.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indian Energy Exchange Ltd (IEX) is a premier energy trading platform in India, predominantly facilitating the trading of electricity. As a major player in the energy sector, IEX operates an online platform that provides an efficient and transparent marketplace for electricity transactions. The company plays a crucial role in the energy ecosystem, offering market participants a robust system for trading power efficiently. IEX's business model focuses on providing a seamless exchange mechanism for buyers and sellers, contributing to the overall efficiency and stability of the energy market in India. There are no specific recent developments mentioned in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Indian Energy Exchange Ltd reported a total income of ₹160.53 crores. This figure represents a sequential decline of 4.3% compared to the previous quarter (Q2FY25), during which the company achieved a total income of ₹167.77 crores. However, on a year-over-year basis, the company experienced a substantial increase of 13.7% compared to the third quarter of the fiscal year 2024 (Q3FY24), when the total income stood at ₹141.22 crores. This data reflects the company's revenue performance over the specified periods, with notable growth observed in the annual comparison.
Profitability
For Q3FY25, Indian Energy Exchange Ltd reported a profit before tax of ₹135.51 crores, marking a decrease of 4.8% from Q2FY25, which recorded a profit before tax of ₹142.28 crores. The profit after tax in Q3FY25 was ₹107.29 crores, slightly lower by 1.0% from the preceding quarter (Q2FY25) at ₹108.32 crores. Nevertheless, compared to Q3FY24, the profit after tax increased significantly by 16.9% from ₹91.81 crores. The earnings per share for Q3FY25 remained consistent with Q2FY25 at ₹1.20, demonstrating a 20.0% increase from ₹1.00 in Q3FY24. The tax expense for the quarter was ₹32.16 crores, reflecting a decrease of 12.7% quarter-over-quarter but a 5.5% increase year-over-year.
Operating Metrics
In Q3FY25, Indian Energy Exchange Ltd's total expenses were reported at ₹25.02 crores, which is a slight decrease of 1.8% from the previous quarter's total expenses of ₹25.49 crores. On a year-over-year basis, total expenses witnessed an increase of 11.6% compared to Q3FY24, where the expenses were ₹22.42 crores. The operating metrics highlight the company's cost management and efficiency in handling operating expenses during the specified periods. These metrics provide insights into the company's operational efficiency and cost dynamics over the quarter and year.
