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IEX Energy 18 Jan 2024

Indian Energy Exchange Ltd — Q3 FY24

IEX reported a strong Q3 FY24 with consolidated revenue of ₹141.2 crore (+20.3% YoY) and PAT of ₹91.8 crore (+18.9% YoY), driven by 28.3 BU total volume (+16.8% YoY).

bullish high
Compare with...
Revenue ₹115 Cr +20.3%
EBITDA
PAT ₹92 Cr +18.9%
EBITDA Margin 86%
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Market coupling regulation

CERC is exploring market coupling, which could reduce IEX's competitive advantage and market share if implemented.

high · analyst_question
R

Decline in green market volumes

GDAM and GTAM volumes declined due to lower merchant renewable generation and higher captive consumption by states like Karnataka.

medium · management_commentary
R

Gas exchange volume volatility

IGX volumes declined 65% YoY in Q3 due to gas price fluctuations, though management expects recovery with lower prices.

medium · management_commentary