Indian Energy Exchange (NSE:IEX) Full Year 2024 Results
Key Financial Results
- Revenue: ₹5.51b (up 16% from FY 2023).
- Net income: ₹3.51b (up 15% from FY 2023).
- Profit margin: 64% (in line with FY 2023).
- EPS: ₹3.95 (up from ₹3.42 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Indian Energy Exchange Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 1.5%.
In the last 12 months, the only revenue segment was Power Exchange contributing ₹5.51b. The most substantial expense, totaling ₹1.07b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how IEX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in India.
Performance of the Indian Capital Markets industry.
The company's shares are down 3.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Indian Energy Exchange (1 shouldn't be ignored!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NSEI:IEX
Indian Energy Exchange
Provides automated trading platform for physical delivery of electricity, renewable energy, and certificates.
Solid track record with excellent balance sheet.
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