IEX Q4 Review – Rise In Electricity Volumes Drives Profits: Motilal Oswal

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Indian Energy Exchange Ltd.’s result highlights the benefit of strong growth in electricity volumes, which led to a 49% YoY rise in standalone Ebitda (in-line) in Q4 FY21.

Standalone profit after tax jumped 35% YoY to Rs 638 million.

The launch of the real-time market has shaped up well, with the product adding 3.8 billion units in Q4 and accounting for 17% of the total electricity volumes.

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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Motilal Oswal IEX Q4FY21 Result Update.pdf


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