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.

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.

Dividend History of IEX

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

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.