BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Indian Energy Exchange Ltd.’s result highlights the benefit of higher electricity volumes, which led to an 8% YoY rise in standalone Ebitda (in-line) in Q2 FY21.
However, standalone profit after tax was down 4% YoY on account of higher depreciation, lower other income, and a higher tax rate.
The launch of Real-Time Market (RTM) has kicked off well, with the product adding 2.3 billion units in Q2.
With IEX’s expected entry into longer duration contracts (LDCs) and its competitive positioning, we expect market share gains to continue for the company within the short-term (ST) Market.
This would lead to a 20% earning per share compound annual growth rate over FY21–23.
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