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IEX Dividend 2024 Record Date

The IEX Dividend 2024 Record Date, set for May 31, 2024, determines who gets the final dividend. Shareholders with fully paid-up shares of face value Re. 1 each are eligible, subject to approval.

 

 

 

 

by S Samayanka

Updated May 16, 2024

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IEX Dividend 2024 Record Date

IEX 

The leading energy marketplace in India, the Indian Energy Exchange, offers a national automated trading platform for the actual supply of electricity, renewable energy sources, and certifications. 

In an effort to establish an integrated power market for South Asia, IEX has more recently led the way in cross-border energy trade and expanded its power market outside of India. 

Modern, user-friendly, and customer-focused technology powers IEX, allowing for easy power procurement and effective pricing discovery.

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IEX Dividend 2024 Record Date

The IEX Dividend 2024 Record Date is set for Friday, May 31, 2024.

Each share will get Rs. 1.50 as the final dividend, given they are fully paid up and have a face value of Re. 1 each.

The recommendation is subject to approval from the company's shareholders.

To determine who's eligible to receive the final dividend, the Board of Directors set May 31, 2024, as the 'Record Date'.

If shareholders agree at the upcoming Annual General Meeting, the final dividend will be paid within 30 days from their approval.

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Dividend History of IEX

The company has a strong history of paying dividends and has consistently announced dividends for the past 5 years.

Announcement Date

Ex-Date

Dividend Type

Dividend (Rs)

17-01-2024

02-02-2024

Interim

1.00

25-05-2023

28-07-2023

Final

1.00

27-04-2022

11-08-2022

Final

1.00

24-01-2022

03-02-2022

Interim

1.00

22-07-2021

18-08-2021

Final

1.50

15-01-2021

28-01-2021

Interim

2.50

11-03-2020

19-03-2020

Interim

2.50

26-04-2018

10-09-2018

Final

22.00

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How was the Financial Performance of IEX in Q4 FY24?

In Q4 FY24, the company made more money compared to before, showing how well it's doing financially.

  • Consolidated net profit increased by 9.45% year-on-year (YoY) to Rs 96.69 crore.
  • Revenue from operations rose by 13.31% to Rs 121.28 crore compared to the same quarter last year.
  • Profit before tax (PBT) climbed by 11.35% to Rs 128.72 crore.
  • Total income during the quarter stood at Rs 149.29 crore, registering a growth of 15.20% on a YoY basis.
  • Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 14.61% YoY to Rs 132.6 crore.
  • Consolidated net profit for the full year increased by 14.68% to Rs 350.78 crore.
  • Revenue from operations for the full fiscal year rose by 12.05% to Rs 449.15 crore compared to the previous fiscal year.

What Were The IEX Operations During The Financial Year 2023-24?

The operational highlights for Indian Energy Exchange (IEX) during the financial year 2023-24:

  • IEX traded a total volume of 30.1 billion units (BU) across all segments during the year.
  • This volume included 25.9 BU from the conventional power market segment.
  • Additionally, there was 1 BU from the green market segment.
  • IEX also traded 32.48 lakh renewable energy certificates (RECs), equivalent to 3.2 BU.
  • The volume of REC traded increased significantly, by about 98% compared to the previous year.
  • India's coal production increased by 10% year-on-year (YoY) to reach 256 million tonnes during the financial year.
  • The average market clearing price in the day-ahead market (DAM) segment was Rs 4.89 per unit, which was lower by 20% compared to the previous year.
  • In the gas market, the Indian Gas Exchange (IGX) generated a total volume of 8.7 million MMBtu.

IEX Dividend 2024 Record Date - FAQs

1. What is IEX's dividend history?

IEX has a strong history of paying dividends consistently over the past 5 years.

2. How did IEX perform financially in Q4 FY24?  

In Q4 FY24, IEX's net profit, revenue, and total income increased compared to the previous year.

3. When is the IEX Dividend 2024 Record Date?

The IEX Dividend 2024 Record Date is set for May 31, 2024.

4. How much is the final dividend per share?  

Each share will receive Rs. 1.50 as the final dividend.

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