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Indian Vitality Alternate Ltd.’s income for the quarter got here in at Rs 98.4 crore, up 8% YoY and down 12.2% QoQ (versus our estimate of Rs 98.5 crore).
Subdued numbers are attributable to CERC imposing a capping of Rs 12 on all of the segments of energy exchanges that reduces the volumes on platform.
IEX registered an Ebitda margin of 82.4% versus 84.7% QoQ and 82.2% YoY, declining margins are attributable to adverse working leverage. Absolute Ebitda got here in at Rs 81 crore, versus Rs 94.9 crore in final quarter (our estimate of Rs 80.8 crore)
Worker price declined 15.9% YoY and 30.4% QoQ to Rs 8.1 crore. Different bills have been elevated by 65.4% QoQ to Rs 9.3 crore.
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