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INDIAN ENERGY EXCHANGE LTD.

NSE : IEXBSE : 540750ISIN CODE : INE022Q01020Industry : Power Generation/DistributionHouse : Private
BSE143.500.6 (+0.42 %)
PREV CLOSE ( ) 142.90
OPEN PRICE ( ) 142.90
BID PRICE (QTY) 143.10 (124)
OFFER PRICE (QTY) 143.50 (94)
VOLUME 1178
TODAY'S LOW / HIGH ( )142.80 144.00
52 WK LOW / HIGH ( )112 172.95
NSE143.200.1 (+0.07 %)
PREV CLOSE( ) 143.10
OPEN PRICE ( ) 143.30
BID PRICE (QTY) 143.10 (17)
OFFER PRICE (QTY) 143.20 (6)
VOLUME 454158
TODAY'S LOW / HIGH( ) 142.65 144.10
52 WK LOW / HIGH ( )112.05 171.25
AnalystEmailIdaayushi.goyal@narnolia.com
AnalystNameAayushi Goyal
BSECode540750
CP1DesignationMD & CEO
CP1NameMr. Rajeev Shrivasta
CP2DesignationV
CP2NameMr. Vineet Harlalka
CP3DesignationNA
CP3NameNA
CallDate06 Nov 2019
DescriptionEmployee cost is expected to be high on the account of new business coming in going ahead. In the range of 20% growth. Transaction fee stood at Rs 62.8 Cr and admission fee stood at Rs 4.5 Cr FOR 2QFY20. TAM volumes have gone up by 4.25% during the quarter. The increase has been led by an increase in weekly contract, daily contracts, weekly contracts initiated by a few states, the Southern sales, which have seen a very strong spot or requirement on to trade on a TAM basis.REC volumes, which is the Renewable Energy Certificate volumes have been severely impacted due to lack of inventory. Escerts volumes are expected in 4QFY20 and numbers are expected to much more than the last time volumes. The company had growth of over 50% as far as core open access commercial consumers are concerned ,which is a very sustainable thing, and very hopeful that Q3, Q4 also this number is going to grow. The government has mentioned, the date of 1st January 2020 as a launch date to start trading on the real-time basis. Board of Directors approved the incorporation of a wholly-owned subsidiary to IEX to undertake the business of developing our gas exchange in India. The company believes there is a sizable amount of opportunity available, which is about 35%, 40% which is being traded in bilateral also, So working on longer-term market and hopeful that next two, three, four months, will have something in this marketplace , will be also trading in that particular segment. Three products, real time, long duration and cross-border, all of these are expected to become a reality in this fiscal. The margins profile for other two except long duration remains same. The management is confident of good growth in next 5 months. Gujarat, Haryana, Tamil Nadu, AP, Telangana, Rajasthan are the states seeing growth in open access volume.
SubjectQ2FY20 EARNING CONFERENCE CALL

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