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IEX Q4 Review - Rise In Electricity Volumes Drives Profits: Motilal Oswal

IEX Q4 Review - Rise In Electricity Volumes Drives Profits: Motilal Oswal



A broker speaks on telephones on the trading floor. (Photographer: Luke MacGregor/Bloomberg)
A broker speaks on telephones on the trading floor. (Photographer: Luke MacGregor/Bloomberg)

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 strong growth in electricity volumes, which led to a 49% YoY rise in standalone Ebitda (in-line) in Q4 FY21.

Standalone profit after tax jumped 35% YoY to Rs 638 million.

The launch of the real-time market has shaped up well, with the product adding 3.8 billion units in Q4 and accounting for 17% of the total electricity volumes.

With an oversupplied market, new product launches, and a strong competitive positioning, we expect market share gains to continue for the company within the short-term market.

Click on the attachment to read the full report:

Motilal Oswal IEX Q4FY21 Result Update.pdf

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