Moneycontrol PRO

Indian Energy Exchange: All-round growth pushes Q3 earnings higher

Led by higher contribution from new segments and markets, IEX logs strong growth in revenue

January 28, 2022 / 06:17 PM IST
Indian Energy Exchange: All-round growth pushes Q3 earnings higher

Indian Energy Exchange | The company reported higher profit at Rs 80.73 crore in Q3FY22 against Rs 58.14 crore in Q3FY21, revenue rose to Rs 117.54 crore from Rs 85.23 crore YoY.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Indian Energy Exchange Ltd (IEX) has posted a strong 38 percent year-on-year (YoY) growth in revenues for the quarter ended December 2021. For the company, higher electricity demand and greater contribution from the recently launched products and segments have been the main growth accelerators. With these segments expected to contribute more, going forward, IEX will only see momentum growing. (image) Results at a glance During Q3FY22, the company benefitted from a strong electricity demand and growth in traded volumes, which grew 37...

  • PRO Panorama

    Moneycontrol Pro Panorama | Move over bulls, bears are in control

    May 19, 2022 / 05:32 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Congress faces an acid test, Manappuram Finance’s losing sheen, ITC plays to its advantage, Start-up Street and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Losing faith

    May 7, 2022 / 10:05 AM IST

    Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landing

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers