IEX Share Price: Stock opens in green after profit grows 11% in March quarter, Rs 2 dividend announcement
IEX Share Price: The board of directors of the company has recommended a final dividend of Rs 2 per equity share having face value of Re 1 each.
Shares of Indian Energy Exchange (IEX) opened in green on Friday, even as benchmark indices Sensex and Nifty tumbled in early trade amid a rise in oil prices and persistent selling by foreign institutional investors (FIIs). The 30-share BSE Sensex dropped 330 points to 77,334 in early trade. The 50-share NSE Nifty declined 93.3 points to 24,079.75. Despite this weakness, the stock started the trading session in green at Rs 128.65, with a gain of Rs 1.75 or 1.37 per cent from the previous close of Rs 126.90. The scrip gained further to touch an intraday high of Rs 129.6, representing a gain of 2.13 per cent. However, the stock witnessed some profit booking at higher levels and amid selling pressure fell to touch the low of Rs 125.65. Last seen, the scrip was trading at Rs 126 with a dip of Rs 0.80 or 0.63 per cent. The market cap of the company stood at Rs 11,332.22.
IEX Q4 Results
IEX, India's premier electricity exchange, has posted an 11 per cent rise in consolidated net profit to Rs 129.77 crore for the March quarter. It had logged a net profit of Rs 117.11 crore in the year-ago period, the company said in an exchange filing.
Total income rose to Rs 196.43 crore from Rs 174.59 crore in January-March FY25. In the entire fiscal year, the profit was at Rs 492.92 crore, up from Rs 429.16 crore as of March 31, 2025. Total income rose to Rs 746.95 crore from Rs 657.36 crore.
IEX Dividend 2026
The board of directors of the company has also recommended a final dividend of Rs 2 per equity share having a face value of Re 1 each for the financial year ended March 31, 2026.
However, this is subject to the approval of the shareholders of the company at the ensuing Annual General Meeting of the company.
IEX Dividend 2026 Record Date, Payment Date
According to the information shared with the exchange, the company has sex May 15, 2026, as the record date to determine the eligibility of shareholders for payment of the final dividend. If approved, the eligible shareholders will be paid the dividend within 30 days from the date of approval.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)