Conference Call with Indian Energy Exchange Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Indian Energy Exchange announced Q3FY23 results: Q3FY23: IEX Achieves 24.2 BU Overall Volume in Q3FY23 Electricity Volume at 23 BU, grows 9% QoQ Consolidated PAT rises 8.4% QoQ Reaffirms commitment to sustainability- forms international carbon exchange to promote voluntary carbon market Becomes India’s first Carbon-Neutral power exchange The Exchange achieved electricity volumes of 23 BU, growth of 9% QoQ. However, electricity volumes declined 2% on YoY basis as compared to Q3 FY22. The overall volume at the Exchange was 24.2 BU during Q3FY23, a 5% QoQ growth across all market segments. On a consolidated basis, revenue for the quarter increased by 3.1% QoQ, from Rs 113.8 crore in Q2FY23 to Rs 117.4 crore in Q2FY23. PAT grew by 8.4% QoQ from Rs 71.2 crore to Rs 77.2 crore with a margin of 66%. In the quarterly average price premium declined from 293% in Q2 FY2023 to 242% in Q3FY23, it was considerably higher as compared to 35% for the special forward e-auction price for the power sector in FY2022 Continuing high spot e-auction coal prices led to the average clearing price in the Day-ahead market at Rs 4.56 in Q3FY23, while lower from Rs.5.40 in the previous quarter, but still high to provide optimization potential for Discoms and Open Access consumers. Result PDF