Q4 2024 Indian Energy Exchange Ltd Earnings Call Transcript
Key Points
- Indian Energy Exchange Ltd (BOM:540750) reported a 15% year-on-year increase in consolidated revenue for Q4 FY24, reaching INR149.3 crores.
- The company achieved a 13.8% growth in traded electricity volume for FY24, crossing the 100 billion unit mark for the first time.
- The average market clearing price in the DAM segment decreased by 18% year-on-year, indicating improved sell-side liquidity.
- The company is optimistic about future growth, expecting a 15% increase in volume driven by rising electricity demand and favorable regulatory measures.
- The Board of Directors announced a final dividend of INR1.5 per share, reflecting strong financial performance.
- Despite the overall growth, the profit after tax for IGX (Indian Gas Exchange) decreased by 18% year-on-year due to lower gas volumes.
- The REC (Renewable Energy Certificate) prices have significantly dropped, which may impact transaction fees and revenue from this segment.
- The company faces challenges in the open access market due to high clearing prices and additional surcharges, affecting industrial consumers.
- There is uncertainty around the launch and potential impact of the carbon market, with policy and regulatory clarity still pending.
- The implementation of market coupling and other regulatory changes could introduce complexities and uncertainties in the future.
Ladies and gentlemen, good day, and welcome to Indian Energy Exchange Q4 and FY24 results conference call, hosted by Axis Capital Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sumit Kishore from Axis Capital Limited. Thank you, and over to you, sir.
Thank you, Manav. Good afternoon to all of you. On behalf of Axis Capital, I am pleased to welcome you all for the IEX Q4 '24 earnings conference call. We have with us the management team of IEX represented by Mr. Satyanarayan Goel, Chairman and Managing Director; Mr. Vineet Harlalka, Chief Financial Officer; Mr. Rohit Bajaj, Executive Director, Non-Board Business Development Strategy and Regulatory Affairs; and Mr. Aparna Garg, Head, Investor Relations and Corporate Communications.
We'll begin with the opening remarks from Mr. Goel, followed by an interactive Q&A session. Over to you, sir.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
