Indian Energy Exchange (IEX) reported a 17% rise in consolidated net profit to ₹107.29 crore for the quarter ending December 31, 2024. This marks a significant increase from ₹91.80 crore in the corresponding quarter of the previous year, according to a filing with the Bombay Stock Exchange (BSE).
The company’s total income for Q3 FY25 rose to ₹160.53 crore, compared to ₹141.21 crore in Q3 FY24, reflecting higher revenue growth.
Interim Dividend Declared
The IEX Board has approved an interim dividend of ₹1.50 per equity share with a face value of ₹1 each for FY25. The record date to determine eligible shareholders is set for Friday, January 31, 2025.
Trading Performance Highlights
During the quarter, IEX recorded electricity trading volumes of 30.5 billion units (BU), showing a 15.9% year-on-year increase. Additionally, 26.52 lakh Renewable Energy Certificates (RECs) were traded, marking a 31% growth.
The availability of adequate fuel supply contributed to improved liquidity on the exchange platform. The sell quantum in the day-ahead market surged 62% year-on-year, softening prices. The average price in the day-ahead market for Q3 FY25 was ₹3.71/unit, a 26% decline compared to the previous year.
This price reduction enabled discoms and industrial consumers to meet their energy demands competitively, reducing reliance on costlier power sources.
9M FY25 Performance
For the nine months ending December 2024, IEX’s net profit rose 22.8% to ₹312.1 crore, compared to ₹254.1 crore in the same period last year.
Indian Gas Exchange (IGX) Update
The Indian Gas Exchange (IGX), a subsidiary of IEX, reported a 93% growth in traded volume to 162 lakh MMBtu for Q3 FY25, compared to 84 lakh MMBtu in Q3 FY24.
IGX’s profit after tax for Q3 FY25 was ₹8.3 crore, a 13% increase from ₹7.4 crore in the same quarter last year. For the nine months till December FY25, IGX’s net profit rose 18% year-on-year to ₹22 crore.
IEX continues demonstrating robust performance, driven by increased liquidity, competitive pricing, and growth across energy trading platforms.
