IEX - Strong Electricity Volumes Drive Q3 Profits: Motilal Oswal
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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.
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