Tag: iex

Shares of the Indian Energy Exchange (IEX) hit a 52-week low of Rs 134 as they declined 5 percent on the BSE in Friday's intra-day trade amid heavy volumes, after reporting a decline in topline and bottom-line for the September quarter. Indian Energy Exchange (IEX) on Thursday reported nearly a 7 percent fall in its consolidated net profit at Rs 71.20 crore in the September quarter compared to a year ago. The consolidated net profit was Rs 77.38 crore in the quarter that ended on September 30, 2021, a BSE filing stated. The company's revenue fell below the Rs 100 crore mark, declining 13 percent from the same period last year to Rs 95.2 crore. Operating profit or EBITDA declined 17 percent due to weak volumes during the quarter while the margin contracted by nearly 400 basis points to 82.8 percent from 86.1 percent. Read more

Indian Energy Exchange (IEX) gained 20% to a record high of Rs 956.15 on Tuesday, after the energy trading platform said it would consider a bonus issue of shares on october 21st.Increased economic activity after the second wave of the coronavirus has resulted in a shortage in coal supply and driven up electricity demand, proving a boon for New Delhi-based IEX which controls 95% of the power exchange market.The company board will consider and approve the unaudited financial results for the quarter and half year ended September 30, 2021 on Thursday. IEX is the premier electricity exchange in India, which facilitates electricity trade. IEX commands a market share of around 95% in the power exchange market. The stock has surged surged around 160% in the past six months whereas it has delivered multibagger return of over 315% in 2021 (year-to-date) so far. Read more