IEX Ltd conducted their conference call today at 2:30 pm.
“Okay a pivot role in building India’s sustainable and efficient energy future.”
Here are the key takeaways…
“Okay a pivot role in building India’s sustainable and efficient energy future.”
Here are the key takeaways…
Market view
- In energy space there is a rapid transformation going around.
- India is moving towards renewable energy space and is expected to reach 50% of energy mix by 2030.
- There is a huge demand for electricity by looking at the per capture consumption increase
- In energy space there is a rapid transformation going around.
- India is moving towards renewable energy space and is expected to reach 50% of energy mix by 2030.
- There is a huge demand for electricity by looking at the per capture consumption increase
- On global front, Govt commitment to reduce carbon emissions has promoted the use of natural gas.
- Govt has a vision to increase its share to 15% by 2030 with consumption increase from 160 MMSCMD to 500+ MMSCMD.
- Govt has a vision to increase its share to 15% by 2030 with consumption increase from 160 MMSCMD to 500+ MMSCMD.
- The CGD 11th round is estimated to cover more then 90% population in next 6 years.
- The company LNG terminal capacity is expected to grow from 42.5 to 72 MMTPA in 3 years.
- The company LNG terminal capacity is expected to grow from 42.5 to 72 MMTPA in 3 years.
- On power front, India has gained true advantage with investment in transmission congestion free - One grid one price.
- The CERC has recently issued draft connectivity and GNA for making the transmission access available for the participants on the exchange in the simplest manner.
- The previous issue of derivative contracts was solved with join group of sebi and Cerc and work smoothly by fy22.
- The previous issue of derivative contracts was solved with join group of sebi and Cerc and work smoothly by fy22.
- The company has also get into contracts with MCX for derivative deals and have entered into profit sharing deals.
- With new exchange coming into play, Company is ready to take all necessary measures to give the best to the customers and retaining the most customers.
- With new exchange coming into play, Company is ready to take all necessary measures to give the best to the customers and retaining the most customers.
- As the competition level increases there will be change in service pricing which wont impact business.
Business Update
- During the period, the company has delivered strong results.
- Their subsidiary IGX has achieved break even in Q3 FY 22 within one year of its authorisation.
- During the period, the company has delivered strong results.
- Their subsidiary IGX has achieved break even in Q3 FY 22 within one year of its authorisation.
- During this quarter, the volumes growth was driven by increase in energy consumption and resurgence of REC’s and ESCERT’s.
- The real time market continues to be the fastest growing electricity segment with 70% growth on YOY levels.
- The real time market continues to be the fastest growing electricity segment with 70% growth on YOY levels.
- The companies green market including the day ahead and term ahead market has contributed 5% of the over all electricity volumes.
- IOCL has joined IGX as its new strategic partner. And looking at business scale it targets to achieve 15% of country’s overall energy mix for gas.
- IOCL has joined IGX as its new strategic partner. And looking at business scale it targets to achieve 15% of country’s overall energy mix for gas.
- The previous issue with SEBI has been solved and closed now.
- IEX has operating 24*7 launching services and fulfilled all the requirements during Covid crisis as well.
- IEX has operating 24*7 launching services and fulfilled all the requirements during Covid crisis as well.
- In IGX, IOCL gained approx 4-5% stake, The more stake sale won’t be happen anytime sooner.
- GAIL and Adani gained stake is considered good but to NSE it’s done related to the competition front.
- GAIL and Adani gained stake is considered good but to NSE it’s done related to the competition front.
- On REC front, business is expected to show a good run and looking to towards that proper dealing and investment.
New launches
- Company is ready to launch its longer duration delivery contracts in electricity and renewable segment.
- They plan to phasing out of plants as looking at total capacity to phase out by march 2027, there is an incremental opportunity of 100BU for them.
- Company is ready to launch its longer duration delivery contracts in electricity and renewable segment.
- They plan to phasing out of plants as looking at total capacity to phase out by march 2027, there is an incremental opportunity of 100BU for them.
- In link for the future prospects the company looks forward to launch new products and advocacy to increase short term market for participants.
- The company also looks forward to capture new technology infrastructure to generate better solutions for customers.
- The company also looks forward to capture new technology infrastructure to generate better solutions for customers.
- They are adding their personalised touch for effective decision making in real time and trend data.
- For better transition towards a futuristic tech architecture company is taking all measure to deliver and avail best for them selves.
- For better transition towards a futuristic tech architecture company is taking all measure to deliver and avail best for them selves.
Financials
- IEX has achieved 37% increase in its volume on YOY basis during this period.
- Company faced some issue in their pricing power but the situation seems to be solved.
- IEX has achieved 37% increase in its volume on YOY basis during this period.
- Company faced some issue in their pricing power but the situation seems to be solved.
- As per revenue breakup its still same as Q2 FY22 but there is a huge rise in volume rise.
- On new market segment front, Their real time market has achieved highest daily cleared volume of 98 MU.
- They have an Average buying of 4.65 rupees per unit.
- On new market segment front, Their real time market has achieved highest daily cleared volume of 98 MU.
- They have an Average buying of 4.65 rupees per unit.
- Here top 5 buyers contribute 50% of buying.
- AND in Green term ahead market they have cleared volumes of about 866 and has had an average price of 4.37 rupees per unit.
- Here the top 5 buyers contribute 80% of the work.
- AND in Green term ahead market they have cleared volumes of about 866 and has had an average price of 4.37 rupees per unit.
- Here the top 5 buyers contribute 80% of the work.
- Both of these space are poised to build India as a sustainable energy economy.
- Towards accounts front, there has been a slight increase in their Finance cost.
- The DAM + TAM unit has generate 190 MU avg daily volume in which DAM is decided on the trade basis.
- Towards accounts front, there has been a slight increase in their Finance cost.
- The DAM + TAM unit has generate 190 MU avg daily volume in which DAM is decided on the trade basis.
- More focus will be brought to capture full market in the times to come.
- In REC and ESCerts company is in talks new states and UTs for increase in its scale and market share.
- In REC and ESCerts company is in talks new states and UTs for increase in its scale and market share.
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