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.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.