Indian Energy Exchange moves up on reporting 27% rise in Q1 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian Energy Exchange is currently trading at Rs. 175.75, up by 1.30 points or 0.75% from its previous closing of Rs. 174.45 on the BSE.
The scrip opened at Rs. 174.45 and has touched a high and low of Rs. 178.60 and Rs. 171.70 respectively. So far 694004 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.30 on 02-Jul-2024 and a 52 week low of Rs. 119.00 on 27-Jul-2023.
Last one week high and low of the scrip stood at Rs. 178.60 and Rs. 159.10 respectively. The current market cap of the company is Rs. 15756.21 crore.
The Institutions and Non-Institutions held 42.91% and 57.10% stake in the company.
Indian Energy Exchange has reported 26.00% rise in its net profit at Rs 93.42 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 74.14 crore for the same quarter in the previous year. Total income of the company increased by 21.27% at Rs 154.35 crore for Q1FY25 as compared to Rs 127.28 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 27.18% rise in net profit at Rs 96.44 crore for Q1FY25 as compared to Rs 75.83 crore for the same quarter in the previous year. Total income of the company increased by 21.28% at Rs 154.47 crore for Q1FY25 as compared to Rs 127.37 crore for the corresponding quarter previous year.
