IEX · Financial Services
Indian Energy Exchange Ltd. reported total income of ₹141 cr for January to March 2025, +16.5% on the year and +7.6% on the quarter. It is the highest quarterly income in the last 8 quarters on record. Over the last four quarters income comes to ₹535 cr, +19.2% on the four before.
Net profit was ₹112 cr, +17.9% on the year and +8.7% on the quarter, with earnings per share of ₹1.26. The tax rate of 24% is in line with its recent average. Profit over the last four quarters totals ₹414 cr, +21.4% on the four before.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹109 cr | ₹115 cr | ₹121 cr | ₹124 cr | ₹139 cr | ₹131 cr | ₹141 cr | ₹140 cr | ₹152 cr | ₹144 cr | ₹172 cr | ₹156 cr |
| YoY | — | — | — | +19% | +28% | +14% | +17% | +13% | +9% | +10% | +22% | +11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 25% | 25% | 26% | 24% | 24% | 25% | 24% | 24% | 24% | 25% |
| Net profit | ₹83.0 cr | ₹89.0 cr | ₹95.0 cr | ₹93.0 cr | ₹106 cr | ₹103 cr | ₹112 cr | ₹113 cr | ₹122 cr | ₹115 cr | ₹124 cr | ₹127 cr |
| YoY | — | — | — | +26% | +28% | +16% | +18% | +22% | +15% | +12% | +11% | +12% |
| EPS | ₹0.93 | ₹1.00 | ₹1.07 | ₹1.05 | ₹1.19 | ₹1.16 | ₹1.26 | ₹1.27 | ₹1.36 | ₹1.29 | ₹1.39 | ₹1.42 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Indian Energy Exchange Ltd. reported total income of ₹141 cr (+16.5% on the year) and net profit of ₹112 cr (+17.9% on the year) for January to March 2025.
None of the 2 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.