Page 2 - Indian Energy Exchange Iex

Indian Energy Exchange Q4 results: Net profit rises over 21% to Rs 117 cr

Indian Energy Exchange (IEX) on Thursday posted a rise of over 21 per cent in consolidated net profit to Rs 117.11 crore in March quarter of FY25 compared to a year ago, mainly on the back of higher revenues. It had reported a consolidated net profit of Rs 96.68 crore in the quarter ended on March 31, 2024, a regulatory filing showed. Total income in the reporting quarter rose to Rs 174.59 crore from Rs 149.28 in the same period year ago. During the 2024-25 fiscal, the consolidated net profit of the company rose to Rs 429.16 crore compared to Rs 350.78 crore in the preceding financial year. Total income in the fiscal rose to Rs 657.36 crore from Rs 550.84 crore in 2023-24. The board of directors has recommended the final dividend of Rs 1.50 per equity share having a face value of Re one each for the financial year ended March 2025. The board has fixed May 16, 2025 as the 'record date' to ascertain the eligibility of shareholders for payment of final dividend, it said. The final

IEX reports 19% rise in trade volume at 121 billion units in FY25

The Indian Energy Exchange (IEX) registered 19 per cent year-on-year rise in trade volume to 121 billion units (BUs) in FY25, a company statement said on Friday. A total of 178 lakh renewable energy certificates (REC) were traded during the year, marking twofold rise as compared to the previous year, it said. The next REC trading sessions at the exchange are scheduled for April 9 and April 30. In March 2025, IEX achieved the highest-ever monthly electricity traded volume of 11,215 million units (MUs), posting 29 per cent increase year-on-year. A total of 13 lakh RECs were traded during the month, up 18 per cent over March 2024. In the electricity market, the day-ahead market (DAM) achieved 61,311 MU in FY25, as compared to 53,353 MU in FY24, a rise of 15 per cent. In March, the DAM volume increased by 19 per cent to 5,547 MU from 4,654 MU in the same month last financial year. The real-time electricity market (RTM) volume increased by 29 per cent to 38,898 MU in FY25 from 30,125

Indian Energy Exchange Q3 results: Net profit rises nearly 17% to Rs 107 cr

Indian Energy Exchange (IEX) on Thursday posted a nearly 17 per cent rise in its consolidated net profit to Rs 107.29 crore, mainly driven by higher revenues. The company had reported a consolidated net profit of Rs 91.80 crore for the quarter ended December 31, 2023, a BSE filing showed. Its total income rose to Rs 160.53 crore in the quarter from Rs 141.21 crore a year ago. The Board of Directors has also approved the payment of an interim dividend of Rs 1.50 per equity share, having a face value of Re 1 each for 2024-25. The record date for ascertaining the name of members/beneficial owners entitled to receive the interim dividend is Friday, January 31, 2025. IEX, in a statement, said that during the quarter, IEX achieved an electricity traded volume of 30.5 billion units (BU), marking a 15.9 per cent year-on-year rise and traded 26.52 lakh Renewable Energy Certificates (RECs), recording a 31 per cent growth. According to the statement, adequate availability of fuel in this qu

IEX achieves highest monthly electricity traded volume of 11,132 MU in Dec

Indian Energy Exchange (IEX) on Monday said it has achieved its highest-ever monthly electricity traded volume of 11,132 Million Unit (MU) in December, marking a 29 per cent increase on a year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates, recording a 58 per cent year-on-year (Y-o-Y) increase, an IEX statement said. For the nine months of the fiscal 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19 per cent Y-o-Y increase, according to the statement. For the third quarter of the fiscal 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16 per cent Y-o-Y increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates, recording a 31 per cent Y-o-Y increase. During the month, the Day Ahead Market segment at IEX recorded a 57 per cent Y-o-Y increase in supply-side volumes. This rise in supply helped moderate prices. For the month of December 2024, the Market Clearing Price in the Day Ahea

Indian Energy Exchange Q2 results: Net profit rises 25% to Rs 108.32 cr

Indian Energy Exchange (IEX) on Thursday posted over 25 per cent rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 compared to the year-ago period mainly due to higher revenues. The company had reported a consolidated net profit of Rs 86.46 crore in the quarter ended on September 30, 2023, a regulatory filing showed. Total income rose to Rs 167.76 crore in the quarter in the quarter under review, from Rs 132.97 crore in the same period a year ago.

IEX hits 52-week high as Antique retains 'Buy', says coupling risk fading

Antique Broking believes that coupling risk from the uniform market clearing price mechanism could be fading given the practical difficulties in its implementation

IEX total volume rises 56% YoY to 13,250 MU in July; stock trades flat

In July 2024, the Indian Energy Exchange (IEX) set a new record with the highest total trading volume, including certificates, reaching 13,250 MU. The figure marks an approximately 56% increase Y-o-Y.

IEX board reappoints SN Goel as CMD, promotes Rohit Bajaj as Joint MD

Indian Energy Exchange (IEX) board on Friday approved the proposal to reappoint Satyanarayan Goel as its Chairman and Managing Director and to appoint Rohit Bajaj as its Joint Managing Director. The board noted that Goel will attain the age of 70 years on August 10, 2024, and consequently, as per Companies Act, 2013, his term as Managing Director will end from the closure of the business hours on August 9, 2024, a BSE filing said. The board acknowledged Goel's extensive knowledge and over 40 years of experience in the power sector, it said, adding that as part of succession planning, the board unanimously agreed to reappoint Goel as the Chairman & Managing Director for three years from August 10. The board decided to elevate Rohit Bajaj, currently serving as Executive Director (non-board) -- Business Development, Strategy, Regulatory Affairs, and IT, as the Joint Managing Director for three years from August 10, it stated. The board also approved appointment of Rajeev Gupta as the

IEX share price up 3% on strong Q1 update; electricity volumes jump 25%

The rise in the share price came after IEX announced a strong Q1 power market update

Buy Watchlist: ABB, Dixon, IEX among 4 stocks with long buildup in F&O

F&O stock outlook: Technical charts suggest that OFSS and Indian Energy Exchange can rally up to 19 per cent; here are the key support and resistance levels.

Indian Energy Exchange shares hike 6% on recording highest volumes in May

The electricity volumes at 9,568 MU, increased 21 per cent Y-o-Y and the renewable energy certificates (REC) at 1,055 MU, increased 640.3 per cent Y-o-Y, Indian Energy Exchange said

IEX Q4 results: Net profit rises 9.5% to Rs 97 cr on higher income

The Indian Energy Exchange (IEX) has posted a 9.5 per cent rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter on account of higher income. It had clocked Rs 88.34 crore profit after tax (PAT) during the fourth quarter of the last fiscal, the company said in an exchange filing on Wednesday. The company's total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23. During the period under review, its expenses stood at Rs 22.65 crore, as against Rs 19.52 crore a year ago. In FY24, the consolidated PAT rose 14.7 per cent to Rs 350.78 crore, from Rs 305.88 crore in FY23. Income for the full year was at Rs 550.84 crore, up from Rs 474.10 crore. The Board of Directors of the company announced a final dividend of Rs 1.50 for FY24. Sharing business updates, IEX said 110.1 billion units of electricity traded on its platform during the fiscal year 2023-24, registering a year-on-year (y-o-y) increase of 13.7 per cent. The DAM (day-ahead ma

Indian Energy Exchange Q3 results: Net profit up nearly 19% at Rs 92 cr

The Indian Energy Exchange on Thursday posted a nearly 19 per cent rise in consolidated net profit at Rs 91.80 crore in the December quarter, compared to the year-ago period mainly on the back of higher revenues. Its consolidated net profit was Rs 77.21 crore in the quarter ended December 31, 2022, according to a regulatory filing. The total income rose to Rs 141.21 crore in the quarter, from Rs 117.34 crore in the same period a year ago. Board of Directors in its meeting held on Thursday have declared an interim dividend of Rs one per share (on equity share of par value of Re 1 each) for FY 2023-24.

IEX total trade volume jumps 18% to 9,136 million units in November

The Indian Energy Exchange (IEX) on Monday posted 17.5 per cent growth in its overall trade volume to 9,136 million units (MU) in November 2023 as compared to the year-ago period. The exchange had recorded total trade volume of 7,764 MU in November 2022, as per IEX data. "IEX achieved 9,136 MU overall volume, including 7.55 lakh Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5 per cent increase on YoY (year-on-year) basis," an IEX statement said. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13 per cent on YoY basis. Market clearing price in Day Ahead Market (DAM) during November 2023 was Rs 3.98 per unit, down 13 per cent year-on-year, due to various factors including lower demand owing to festive season, temperature drop and improved sell side liquidity on the exchange, it stated. Price on the exchange has been experiencing a downward trend and the average monthly price is at its lowest level this financia

Indian Energy Exchange total trade volume up 19% to 8.5 bn units in July

The Indian Energy Exchange's (IEX) total trade volume rose 19 per cent year-on-year to 8,522 million units (MU) in July. The power exchange had achieved 7,151 MU trade volume in July 2022. "IEX achieved 8,522 MU overall volume in July 2023, including green market trade of 275 MU, 6.24 Lakh RECs (equivalent to 624 MU) and 70,222 ESCerts (equivalent to 70 MU)," an IEX statement said The supply scenario continued to ease during the month due to robust coal production, reduction in prices of e-auction coal and imported fuel. In the coming months, higher liquidity is expected to result in more competitive prices on the exchanges, giving further optimisation opportunities to discoms and Open Access consumers. The Day-Ahead Market (DAM) volume increased to 3,976 MU in July 2023, from 3,547 MU in July 2022, growing 12 per cent YoY on IEX. The average market clearing price was Rs 4.55 per unit during the month, lower by 16 per cent over the corresponding month last year. The Real-Time ...

IEX plunges 15%, hits 52-week low amid market coupling worries

According to media reports the Power Ministry has directed the Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner.

Indian Energy Exchange's trade volume falls 7% to 8,452 mn units in Dec

The Indian Energy Exchange's total trade volume in December 2022 dipped 7 per cent to 8,452 million units as compared to the year-ago period mainly due to higher average spot price of electricity and lower trading of renewable energy certificates. "The overall volume on the exchange in December 2022 increased 9 per cent on a MoM basis. However, it declined by 7 per cent on YoY basis due to high REC (renewable energy certificates) traded volumes of 13.85 lakh in (December 2021) the previous year," an IEX statement said. The IEX total trade volume in December 2021 was 9,035 million units (MU). The IEX achieved 8,452 MU total volume in December 2022, including green power trade of 377 MU, and 4.87 lakh RECs (equivalent to 487 MU), it stated. The total electricity volume on the exchange last month was 7,964 MU, a rise of 8 per cent as compared to November 2022 and 4 per cent as compared to the year-ago period, it stated. For the third quarter (October-December 2022) of the ongoing fi

IEX gets shareholders' nod to buy back shares worth up to Rs 98 crore

Indian Energy Exchange (IEX) has got shareholders' approval through postal ballot to buy back shares worth up to Rs 98 crore. The proposal to buy back shares worth up to Rs 98 crore approved by requisite majority through postal ballot, showed a BSE filing. The board of directors in its meeting on November 25 had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore. The IEX had listed a special resolution -- approval for the buyback of equity shares in the postal ballot notice. The indicative maximum number of equity shares at the buyback price would be 49,00,000. The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained.

TMS Ep332: Indian economy, Delhi Metro, IPO outlook, carbon-neutral IEX

What does 2022 tell about Indian economy in 2023? How Delhi Metro transformed the city's landscape? Will IPO investors remain steadfast in 2023? How IEX became a carbon-neutral platform? Answers here

How IEX became a carbon-neutral energy trading platform

Energy trading platform Indian Energy Exchange recently announced that it was the first carbon-neutral power exchange in the country. It used market-based tradable instruments. What does that mean?