IEX Shares Decline by 2.5% Despite 9% Growth in Traded Volumes for February

Market Performance

On March 4, 2025, shares of Indian Energy Exchange (IEX) recorded a 2.5% decline, trading at Rs 151.21 on the NSE during early market hours. 

Main News

In its latest operational update, IEX reported that the electricity traded volume for February 2025 reached 9,622 million units (MU), a 9% increase compared to last year.

The Day Ahead Market (DAM) recorded a 14% year-on-year growth in volume, reaching 5,369 MU.

The Real-Time Market (RTM) also recorded a 23% growth year-on-year, amounting to 2,887 MU for the month.

Meanwhile, the clearing price in the Day Ahead Market averaged Rs 4.38 per unit, an 11% decline from last year's corresponding period.

Company Financial Details

For the third quarter of the financial year, the Indian Energy Exchange reported the following consolidated financial results:

• Total Income: ₹141.21 crore, reflecting a 20% increase from ₹117.34 crore in the same period last year.
• Revenue from Operations: Rs ₹115.3 crore, marking a 15% rise from ₹100.27 crore in the corresponding quarter of the previous year.
• Net Profit: ₹91.8 crore, representing an 18.9% growth from ₹77.2 crore in the same quarter last year.

In a statement issued on January 25, the company highlighted an improved fuel supply situation, increasing sell liquidity from November 2023 onwards. Specifically, sell bids in collective auctions increased by 25% year-on-year in November 2023 and 18% year-on-year in December 2023, reducing exchange prices.

Summary

In summary, the Indian Energy Exchange (IEX) experienced a decline in share price despite reporting higher trading volumes for February 2025. The company also registered notable growth in its financial performance for the third quarter, supported by improved market liquidity conditions. Despite the increase in trading activity, the decline in market clearing prices and the broader trading environment continue to influence the company's market performance.