25 Jul 2024

Indian Energy Exchange Sees 27% Increase in Q1 Consolidated Net Profit

Indian Energy Exchange is currently trading at Rs. 175.75, which is an increase of 1.30 points or 0.75% from its previous close of Rs. 174.45 on the BSE.

The stock opened at Rs. 174.45, reaching a high of Rs. 178.60 and a low of Rs. 171.70. A total of 694,004 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 1, hit a 52-week high of Rs. 191.30 on July 2, 2024, and a 52-week low of Rs. 119.00 on July 27, 2023.

Over the past week, the stock's high and low have been Rs. 178.60 and Rs. 159.10, respectively. The company's current market capitalization is Rs. 15,756.21 crore.

Institutional and non-institutional investors hold 42.91% and 57.10% of the company’s shares, respectively.

Indian Energy Exchange reported a 26.00% increase in net profit to Rs. 93.42 crore for the first quarter ended June 30, 2024 (Q1FY25), compared to Rs. 74.14 crore in the same quarter last year. The company’s total income for Q1FY25 rose by 21.27% to Rs. 154.35 crore, up from Rs. 127.28 crore in the corresponding quarter of the previous year.

On a consolidated basis, the net profit increased by 27.18% to Rs. 96.44 crore for Q1FY25, compared to Rs. 75.83 crore in the same quarter last year. Total income for Q1FY25 was Rs. 154.47 crore, an increase of 21.28% from Rs. 127.37 crore in the corresponding quarter of the previous year.