New Delhi, Indian Energy Exchange (IEX) has reported 9.5 per cent rise in consolidated profit after tax for the March 2024 quarter at Rs 96.7 crore due to higher income.
The company said in an exchange filing on Wednesday that it had made a profit after tax (PAT) of Rs 88.34 crore during the fourth quarter of the last financial year.
The company's total income increased to Rs 149.28 crore in January-March FY23 from Rs 129.58 crore.
Its expenditure during the period under review was Rs 22.65 crore, which was Rs 19.52 crore a year ago.
In FY24, consolidated PAT increased by 14.7 per cent to ₹ 350.78 crore from ₹ 305.88 crore in FY23. Full year income increased from Rs 474.10 crore to Rs 550.84 crore.
The company's board of directors declared a final dividend of Rs 1.50 for FY24.
Sharing business updates, IEX said 110.1 billion units of electricity were traded on its platform during the financial year 2023-24, registering a year-on-year (growth of 13.7 per cent).
DAM (day-ahead market) prices on the exchange declined to Rs 5.24/unit in FY2014, down 12 per cent from Rs 5.94/unit in FY2013.
During Q4 FY24, IEX achieved 30.1 BU volume across all segments, registering a growth of 15.5 per cent on year-on-year basis.
This quantity includes 25.9 BU from the conventional electricity market segment, 1B from the green market segment, and 32.48 lakh renewable energy certificates (RECs) (equivalent to 3.2 BU). REC business volume in Q4 2023-24 grew by 98 per cent on year-on-year basis.
DAM prices on the exchange declined to Rs 4.89/unit in January-March 2024, a 20 per cent year-on-year decline compared to Rs 6.08/unit a year ago.
Noida-based IEX is India's leading energy exchange offering an automated trading platform for physical delivery of electricity, renewable energy renewable energy certificates and energy savings certificates.
The company said in an exchange filing on Wednesday that it had made a profit after tax (PAT) of Rs 88.34 crore during the fourth quarter of the last financial year.
The company's total income increased to Rs 149.28 crore in January-March FY23 from Rs 129.58 crore.
Its expenditure during the period under review was Rs 22.65 crore, which was Rs 19.52 crore a year ago.
In FY24, consolidated PAT increased by 14.7 per cent to ₹ 350.78 crore from ₹ 305.88 crore in FY23. Full year income increased from Rs 474.10 crore to Rs 550.84 crore.
The company's board of directors declared a final dividend of Rs 1.50 for FY24.
Sharing business updates, IEX said 110.1 billion units of electricity were traded on its platform during the financial year 2023-24, registering a year-on-year (growth of 13.7 per cent).
DAM (day-ahead market) prices on the exchange declined to Rs 5.24/unit in FY2014, down 12 per cent from Rs 5.94/unit in FY2013.
During Q4 FY24, IEX achieved 30.1 BU volume across all segments, registering a growth of 15.5 per cent on year-on-year basis.
This quantity includes 25.9 BU from the conventional electricity market segment, 1B from the green market segment, and 32.48 lakh renewable energy certificates (RECs) (equivalent to 3.2 BU). REC business volume in Q4 2023-24 grew by 98 per cent on year-on-year basis.
DAM prices on the exchange declined to Rs 4.89/unit in January-March 2024, a 20 per cent year-on-year decline compared to Rs 6.08/unit a year ago.
Noida-based IEX is India's leading energy exchange offering an automated trading platform for physical delivery of electricity, renewable energy renewable energy certificates and energy savings certificates.
