IEX Q1FY24 Results: Consolidated PAT Drops to Rs. 74.13 Cr

IEX Q1FY24 Results: Consolidated PAT Drops to Rs. 74.13 Cr

IEX Q1 results show revenue fell from 129.54 crores to 127.27 crores, a -1.76% decrease in growth. EPS down from ₹0.93 to ₹0.83, down by -10.75%.

First, Let’s Begin with Quarter-on-Quarter Basis:

IEX shared its Q1 results on Thursday. They earned 127.27 crores in revenue this quarter, but that’s less than the 129.54 crores they made last quarter. Unfortunately, the company’s growth decreased by -1.76 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 74.13 crores, down from 82.86 crores in the previous quarter. Their quarter-to-quarter growth decreased by -10.53 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹0.83, which is a decrease of -10.75% from the ₹0.93 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 127.27 crores this year (2023), which is 12.24 percent higher than last year’s total revenue of 113.39 crores.

This year’s PAT (Profit After Tax) is 74.13 crores, which is also 8.10% higher than last year’s PAT of 68.58 crores.

The EPS (Earnings Per Share) for this year is ₹0.83, which is 7.79% more than the EPS of ₹0.77 earned last year.

Also Read: Bharat Electronics Q1FY24 Results: Consolidated PAT of Rs. 538.48 Cr

IEX Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About IEX:

The Indian Energy Exchange (IEX) is a power trading exchange in India that operates through an electronic system. It is regulated by the Central Electricity Regulatory Commission. The company commenced its operations on 27th June 2008.

Download the Full PDF of IEX Q1 Results: Click Here

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