Small-Cap Powerhouse IEX: 150% Dividend, 17% Profit Growth, Record Date Set; Don't Miss Out

Small-cap stock Indian Energy Exchange (IEX) is approaching its ex-date for an attractive dividend payout. The company's board has already announced an interim dividend of 150% on each share with a face value of Rs. 1. This means that for every share you hold, you will receive Rs. 1.50, making it an enticing opportunity for investors looking for steady returns.

The interim dividend has been approved by the IEX board for the financial year 2024-25, with a record date set for January 31, 2025. This is also the ex-date for the dividend. Investors keen to receive this dividend must ensure they hold the shares on or before this date.

The announcement was made through an exchange filing, stating, "The Board of Directors has approved the payment of an interim dividend of Rs. 1.50 per equity share having a face value of Rs. 1 each for the financial year 2024-25."

IEX Dividend History Over The Years

According to data from Trendlyne, Indian Energy Exchange Ltd. (IEX) has maintained a strong track record of dividend payouts since its first declaration on March 21, 2018. Over the years, the company has declared a total of 11 dividends. In the last year, IEX has been particularly generous, offering a cumulative equity dividend of Rs. 2.50 per share to its investors. Currently, IEX boasts a dividend yield of approximately 1.50%, making it an attractive option for income-seeking investors.

IEX Share Price Update

As of January 24, IEX shares closed with a modest gain of 0.94%, reaching Rs.169.02. Over the past six months, the stock has experienced a decline of 4.32%, but it has performed well in the past year, registering a 20% increase. In the last five years, IEX shares have shown impressive growth of 186%, with the highest rise in share price peaking at 223% all-time.

The stock has delivered a positive return of 23% in the last year, reflecting a steady performance. Currently, the company boasts a market capitalization of Rs. 15,223.46 crore. The stock has seen a 52-week high of Rs.244.40 and a 52-week low of Rs.130.20.

IEX Q3 FY2025 Financial Results

Indian Energy Exchange Ltd. (IEX) reported strong financial performance for the third quarter of FY2025, posting a 17% year-on-year (YoY) increase in net profit, which stood at Rs.107.3 crore, up from Rs.91.8 crore in the same period last year. Revenue from operations also saw a notable rise, growing 14.5% to Rs.132 crore, compared to Rs.115.3 crore in the corresponding quarter of the previous fiscal year.

The company's operating performance was equally impressive, with EBITDA rising by 14.5% to Rs.113 crore in Q3 FY2025, from Rs.98.8 crore in the same quarter last year. The EBITDA margin however remained steady at 85.7%.