IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24
ECONOMY & POLICY

IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24

The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to Rs1.495 billion, a substantial increase of 15.4 %, with PAT experiencing a commendable growth of 14.7% to Rs951 million. The consolidated PAT for the quarter witnessed a respectable rise of 9.%, reaching Rs967 million. Furthermore, the company highlighted a decrease in Day-Ahead Market (DAM) prices, with an annual average of Rs5.24 per unit, depicting a 12% decline from the previous year. In the fourth quarter, DAM prices further decreased to Rs4.89 per unit, reflecting a notable 20% downturn compared to the corresponding period last year. Demonstrating confidence in its financial robustness, the Board of Directors announced a final dividend of Rs1.50 per share, equivalent to 150% of the face value of equity shares. (Source: ET Energy)

The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to Rs1.495 billion, a substantial increase of 15.4 %, with PAT experiencing a commendable growth of 14.7% to Rs951 million. The consolidated PAT for the quarter witnessed a respectable rise of 9.%, reaching Rs967 million. Furthermore, the company highlighted a decrease in Day-Ahead Market (DAM) prices, with an annual average of Rs5.24 per unit, depicting a 12% decline from the previous year. In the fourth quarter, DAM prices further decreased to Rs4.89 per unit, reflecting a notable 20% downturn compared to the corresponding period last year. Demonstrating confidence in its financial robustness, the Board of Directors announced a final dividend of Rs1.50 per share, equivalent to 150% of the face value of equity shares. (Source: ET Energy)

Next Story
Real Estate

Vikas Jain named President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Jain, a first-generation developer and turnaround specialist, aims to steer the youth wing of NAREDCO Maharashtra through a finance-driven and tech-enabled growth phase. Under his leadership, the association will prioritise project financing, RERA compliance, technology adoption, and future-ready leadership. “It is an honour to lead NAREDCO Maharashtra NextGen. This platform empowers the next generation of real estate leaders,” Jain sai..

Next Story
Infrastructure Energy

TP Solar Crosses 4 GW Solar Output at Tamil Nadu Plant

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing division of Tata Power, has announced a major production milestone—crossing 4 GW of solar module output at its advanced facility in Tamil Nadu.As of 31 May 2025, the plant has cumulatively manufactured 4.049 GW of solar modules and 1.441 GW of solar cells. This milestone underscores the company’s growing role in supporting India’s clean energy transition and self-reliance in renewable energy manufacturing.Looking ahead, TP Solar is targeting 3.7 GW of solar cell output and 3.7..

Next Story
Infrastructure Urban

Aayush Art and Bullion Reports 1000 per cent Rise in FY25 Revenue

Aayush Art and Bullion Ltd (BSE: 540718), formerly AKM Creations Ltd, has announced its audited standalone financial results for H2 and the full financial year ending 31 March 2025, showcasing a sharp surge in both revenue and profitability. The company attributes this stellar performance to robust demand across its key verticals and strategic execution initiatives.For FY25, the company reported revenue of Rs 737.7 million, marking a 1,000 per cent year-on-year increase compared to Rs 73.3 million in FY24. Net profit for FY25 stood at Rs 18.1 million, a jump of 696 per cent over the Rs 2.6 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?