Indian Energy Exchange shares today witnessed decline of 0.39% on Bombay Stock Exchange (BSE) to settle at Rs 167.50 per share despite surge in net profit and dividend announcement. The company today declared a surge of 17% year-on-year (YoY) in its net profit for the quarter ended December 31, 2024 to Rs 107.3 crore as against Rs 91.8 crore announced in the corresponding quarter of last year.
It announced a rally of 14.5% in its revenue from operations to Rs 132 crore as compared to Rs 115.3 crore in the similar quarter of last year. Board of Directors of IEX announced an interim dividend of Rs 1.50 per equity share of the face value of Re 1/- each for the financial year 2024-25. It offers a high return of equity (ROE) of 37.82%, according to BSE. Check details below:
Indian Energy Exchange Recommends Interim Dividend
As per the exchange filing of Indian Energy Exchange dated January 23, 2024, “the Board of Directors has approved the payment of an interim dividend of Rs.1.50/- per equity share having a face value of Re. 1/- each for the financial year 2024-25.
IEX Dividend History
Indian Energy Exchange recommended a total of 11 dividends since March 21, 2018. In last 1-year, Indian Energy Exchange announced an equity dividend amounting to Rs 2.50 per share. At current share price of Rs 167.50 apiece, IEX offers a dividend yield of 1.49%, according to Trendlyne.
IEX Sets Record Date For Interim Dividend
The regulatory filing added, “further, as per our earlier communication dated January 15, 2025, we have informed that as per Regulation 42 of the Listing Regulations, the Record Date for ascertaining the name of members / Beneficial Owners entitled to receive the Interim Dividend is Friday, January 31, 2025.”
IEX Shares Performance
The 52-week high price of IEX on BSE stood at Rs 244.35 per share (as on 24/09/2024) and 52-week low price is Rs 129.15 per share (as on 14/03/2024), respectively. The company has a market capitalisation of Rs 15,052.71 crore. IEX shares slipped in red in last week as it reported a fall of 2.08% on BSE. IEX shares fell 7.10% year-to-date (YTD) and surged 22.71% in last 1-year.
IEX Shareholding
FII/FPI increased holdings from 15.66% to 16.24% for December 2024 quarter. Number of FII/FPI investors stayed steady at 275 for December 2024 quarter. Mutual Funds increased holdings from 24.82% to 26.62% for December 2024 quarter. Number of MF schemes stood steady as well at 26 for December 2024 quarter, as per Trendlyne data.
About IEX
The company is India’s premier power exchange, offering a nationwide automated trading platform for the physical delivery of electricity, renewable energy, and certificates. IEX additionally introduced cross-border electricity trade, to expand our market reach beyond India. The exchange platform has been instrumental in providing competitive price discovery, bringing efficiency, transparency, flexibility in procurement and payment security across the power sector value chain, according to its official website.
Disclaimer
The story highlights dividend, Q3 results and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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