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Indian Energy Exchange (IEX) posted a 21% emergence successful consolidated nett profit to Rs 117.11 crore for Q4 FY25, driven by accrued revenues.
SUMMARY
- IEX reports 21% emergence successful Q4 FY25 nett profit to Rs 117.11 crore.
- Total income increases to Rs 174.59 crore, driven by higher trading volumes.
- Full FY25 nett profit grows to Rs 429.16 crore; income up to Rs 657.36 crore.
Shares of Indian Energy Exchange (IEX) are successful news coming aft nan patient posted a Indian Energy Exchange (IEX) has reported a important emergence successful its consolidated nett profit for nan 4th fourth of FY25, registering an summation of complete 21% to Rs 117.11 crore compared to nan aforesaid 4th successful nan erstwhile year.
The full income for this play besides witnessed an increase, reaching Rs 174.59 crore from Rs 149.28 crore successful nan year-ago period. This upward inclination successful gross is chiefly attributed to higher trading volumes and accrued demand. For nan afloat fiscal twelvemonth 2024-25, nan consolidated nett profit roseate to Rs 429.16 crore, up from Rs 350.78 crore successful nan preceding financial year, while full income climbed to Rs 657.36 crore from Rs 550.84 crore.
In a move to reward its shareholders, nan IEX committee has recommended a last dividend of Rs 1.50 per equity stock for nan financial twelvemonth ending March 2025. The eligibility of shareholders for this dividend will beryllium wished based connected nan 'record date', which is group for May 16, 2025. According to nan company, "'record date' to ascertain nan eligibility of shareholders for costs of last dividend, it said." If approved successful nan upcoming yearly wide meeting, nan dividend will beryllium distributed wrong 30 days of approval. IEX besides marked a milestone successful Q4 FY25 by achieving nan highest-ever quarterly traded energy measurement of 31.7 cardinal units, reflecting an 18.1% year-on-year increase.
IEX's trading capacity included an awesome 108% summation successful nan waste and acquisition of renewable power certificates (RECs), pinch a grounds 68 lakh RECs traded successful nan quarter. Additionally, standalone profit aft taxation for Q4 FY25 roseate by 17.8% to Rs 112 crore, up from Rs 95.1 crore successful nan corresponding 4th of FY24.
"According to a institution statement, IEX logged nan highest-ever quarterly traded energy measurement of 31.7 BU (billion units) successful Q4 FY25, 18.1 per cent higher YoY (year connected year)."
These results underscore IEX's robust marketplace beingness and its expertise to leverage increasing request successful nan power trading sector.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: Apr 25, 2025 8:38 AM IST
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