Indian Energy Exchange Ltd Reports In-Line Results; Analysts Issue Ratings
2 reports, 2 independent
Updated Fri 00:00
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What happened
Indian Energy Exchange Ltd reported in-line financial results for the September quarter, showing revenue grew 9 per cent year-over-year and PAT increased 9.23 per cent to Rs 132.83 crore. The revenue increase was driven by a 13 per cent year-over-year rise in total volumes. Following the announcement, the stock fell 4 per cent in trading.
From businesstoday.in
Why it matters
The results showed revenue growth was 4 per cent higher than estimates, though 1 per cent below consensus forecasts. Analysts from Axis Capital and JM Financial suggested an 'Add' rating, while Ambit Capital maintained a 'Sell' call.
From businesstoday.in
Who's involved
- AXIS CapitalProvided 'Add' rating suggestions on the stock
- Vincent TizzioPresident and CEO of Axis Capital