Indian Energy Exchange (IEX) Q3 FY25:
Q3 FY25 Revenue: โน160.5 crores
Year-over-Year (YoY) Revenue Growth: 13.7% increase from Q3 FY24 which had a revenue of โน141.2 crores. ๐
Quarter-over-Quarter Revenue Growth: Compared to Q2 FY25, revenue decreased slightly from โน167.8 crores, indicating a 4.4% reduction. โฌ๏ธ
Electricity Volume: IEX reported a 15.9% YoY increase in electricity volume, totaling 30.5 BU for Q3 FY25. โก
Renewable Energy Certificates (RECs): IEX traded 26.52 lakh RECs in Q3 FY25, reflecting a 31% increase YoY. ๐ฟ
Gas Market: The Indian Gas Exchange (IGX) traded a total volume of 162 lakh MMBtu for Q3 FY25, showing a significant growth of 93% YoY. ๐ฅ
Profit After Tax (PAT): โน107.3 crores in Q3 FY25, representing a 16.9% YoY increase from โน91.8 crores in Q3 FY24.
Quarter-over-Quarter PAT Growth: There's an increase from โน108.3 crores in Q2 FY25, up by 1.2%. ๐
Profit Margins: PAT margin improved from 64.95% in Q3 FY24 to 66.85% in Q3 FY25, indicating better profitability. ๐
Earnings Per Share (EPS): Increased from โน1.00 in Q3 FY24 to โน1.21 in Q3 FY25 taking the trail EPS to 4.6, Trail PE is 37.4. ๐
Market Share: IEX maintains an 85% market share in the electricity exchange market as of 9M FY25. ๐
Capacity and Growth: Investing in renewable and gas exchange markets, aligning with national energy transition goals. ๐
Long-Term Outlook: Positive, with expansions into renewable certificates and energy efficiency projects. ๐ฑ
Near-Term: Focus on expanding renewable energy capacities and transitioning towards green energy provides a favorable outlook. ๐
Long-Term: Strategic initiatives like new market models and diversification into the gas market position IEX well for sustained growth. ๐
Overall, IEX shows robust financial health and growth prospects, particularly with the focus on renewables and energy certificates, aligned with national goals for clean energy.