IEX Q4 Review - Robust Performance, Volumes To Grow In Double Digit in Medium Term: ICICI Direct
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IEX Q4 Review - Robust Performance, Volumes To Grow In Double Digit in Medium Term: ICICI Direct

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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.

ICICI Direct Report

Indian Energy Exchange Ltd. reported robust Q4 FY21 numbers that were a beat on our estimates on all parameters.

Strong power demand led by a swift recovery in the economy aided volumes, which came in at 22,451 million units in Q4 FY21, up 62.3% YoY and 11.3% QoQ.

Further, balance sheet continues to remain top notch aided by strong liquidity and debt free position.

Revenue for the quarter came in at Rs 93.8 crore, up 35.1% YoY and 10.1% QoQ (versus our estimate of Rs 89.8 crore).

The gas exchange, which is still at a very nascent stage, registered an Ebit loss of Rs 3.86 crore versus a loss of Rs 1.5 crore during previous year.

Click on the attachment to read the full report:

ICICI Direct IEX Q4FY21 Result Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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