IEX slips 5%, hits 52-week low on disappointing September quarter results

The company said the volumes were impacted due to supply side constraints, led by high prices of e- auction coal, imported coal and gas

Shares of Indian Energy Exchange (IEX) hit a 52-week low of Rs 134 as they declined 5 per cent on the BSE in Friday's intra-day trade amid heavy volumes. The company reported 11 per cent year-on-year (YoY) fall in total revenue at Rs 113.80 crore in the  September quarter (Q2FY23), while its profit after tax contracted 8 per cent YoY to Rs 71.20 crore.

At 03:00 PM, IEX was trading 4.5 per cent lower at Rs 134.45, as compared to 0.01 per cent rise in the S&P BSE Sensex. The average trading volumes on the counter jumped over four-fold