IEX reports Q3 growth but margins narrow
after close1 source ↓written by the desknot a recommendation
- after reporting
- 52-week low
- after reporting
- 11% net profit growth
- for Q3
- ₹119 crore
- Revenue increased
- 10%
- ₹146 crore
Shares of Indian Energy Exchange (IEX) are trading near their 52-week low after reporting 11% net profit growth to ₹119 crore for Q3. Revenue increased 10% to ₹146 crore, but EBITDA margins narrowed to 84% from 85.9%. Notably, electricity traded volume rose 11.9% YoY to 34.08 billion units.
Market implications suggest cautious sentiment as margins compress despite revenue growth.
Not investment advice. For informational purposes only.