Indian Energy Exchange PAT Increases To Rs 341 Cr In FY24
During Q4 FY'24, IEX achieved 30.1 BU volume across all segments, registering an increase of 15.5 per cent on YoY basis
India Energy Exchange (IEX) on Thursday said its PAT jumped by 16.7 per cent to Rs 341 cr in FY24. The company’s revenue also increased to Rs 550.8 cr, a growth of 16.2 per cent. For the fiscal year 2024, IEX achieved 110.1 BU in FY’24, registering an increase of 13.7 per cent on a YoY basis. Electricity volumes at 101.7BU increased 12.2 per cent YoY.
Electricity volumes at IEX crossed 100 BUs for the first time. Additionally, 75.39 lac RECs (equivalent to 7.54 BU) were traded during FY’24. REC traded volume in FY24 increased 26.4 per cent on YoY basis. The DAM prices on the exchange declined to Rs 5.24/unit in FY24, lower by 12 per cent YoY compared with Rs. 5.94/unit in FY’23.
During Q4 FY'24, IEX achieved 30.1 BU volume across all segments, registering an increase of 15.5 per cent on YoY basis. This volume comprises 25.9 BU from the conventional power market segment, 1 BU from the green market segment, and 32.48 lac Renewable Energy Certificates (RECs) (equivalent to 3.2 BU). REC traded volume in Q4FY’24 increased by ~98 per cent on YoY basis.
The DAM prices on the exchange lowered to Rs 4.89/unit in Q4 FY’24, a decline of 20 per cent YoY compared with Rs.6.08/unit in Q4 FY’23. For fiscal year 2024, the Board of Directors of the Company announced a final dividend of Rs 1.50/- equivalent to 150 per cent of the face value of equity shares.
