IEX - Strong Electricity Volumes Drive Q3 Profits: Motilal Oswal 
A trader speaks on a phone as he monitors financial data. (Photographer: Simon Dawson/Bloomberg)

IEX - Strong Electricity Volumes Drive Q3 Profits: Motilal Oswal 

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 results highlight the benefit of strong growth in electricity volumes, leading to a 51% YoY rise in standalone Ebitda (in-line) in Q3 FY21.

Accordingly, standalone profit after tax jumped 42% YoY. The launch of real-time market has shaped up well, with the product adding 2.8 billion units in Q3.

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 Q3FY21 Result Update.pdf

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