IEX shares in focus after Q1 profit and revenue rise more than 11%
Author: CNBC-TV18 Markets·
Key Takeaways
- •IEX reported quarterly profit and revenue growth of more than 11% each.
- •The company’s EBITDA increased 13.5% year on year to ₹130.7 crore.
- •EBITDA margin widened to 83% from 81.4% in the same period last year.
- •The results were noted in the context of IEX’s regulated power-market business model.
IEX shares in focus after Q1 profit and revenue rise more than 11%
Indian Energy Exchange (IEX) shares were in focus after the company reported a rise of more than 11% each in quarterly profit and revenue, with margins also expanding. The update is relevant for investors tracking the electricity trading platform because IEX operates in a regulated power-market ecosystem, where quarterly results can reflect changes in transaction volumes and market activity rather than only broader equity-market sentiment.
IEX's earnings before interest, taxes, depreciation and amortization (EBITDA) increased 13.5% to ₹130.7 crore from ₹115.4 crore a year earlier. EBITDA margin expanded to 83% from 81.4% in the year-ago period.
