IEX Reports 16.9% Q3 FY25 Profit Growth and Trades 30.5 BU Energy

28 Jan 2025 CW Team

The consolidated profit after tax (PAT) for Q3 FY25 stood at Rs 1.073 billion, which represented a 16.9 per cent increase from Rs 918 million in the same quarter last year.

The standalone revenue from operations during Q3 FY25 amounted to Rs 1.313 billion. Including other income of Rs 285 million, the total standalone income reached Rs 1.598 billion. The standalone PAT for the quarter rose by 15.5 per cent to Rs 1.031 billion, up from Rs 893 million in Q3 FY24.

For the nine months ending December 2024, the company’s consolidated revenue was Rs 4.828 billion, reflecting a 20 per cent Y-o-Y growth. The consolidated PAT for this period reached Rs 3.121 billion, showing a 22.8 per cent Y-o-Y increase from Rs 2.541 billion.

The growth drivers for IEX included increased power consumption, the introduction of new products, regulatory advancements, and ample supply-side availability. Despite a 5 per cent rise in demand during the first nine months of FY25, prices declined due to a 40 per cent Y-o-Y improvement in sell-side liquidity.

The exchange reported a total electricity trading volume of 30.5 billion units (BU) in Q3 FY25, marking a 15.9 per cent Y-o-Y growth from 26.3 BU in Q3 FY24. The cumulative trading volume for the first nine months of FY25 was 89 BU, reflecting a 19 per cent Y-o-Y increase.

Renewable Energy Certificate (REC) trading also saw significant growth, with 2.652 million RECs traded in Q3, up 31 per cent from 2.24 million in Q3 FY24. The green market segment continued to expand steadily, recording a trading volume of 0.4 BU during the quarter.

Additionally, the exchange facilitated the trading of 2.03 million certificates during the quarter, including energy-saving certificates.

The average Day-Ahead Market (DAM) price in Q3 FY25 dropped to Rs 3.71 (~$0.045)/kWh, a 26 per cent Y-o-Y decrease, attributed to improved sell-side liquidity and better coal inventory levels.

The Central Electricity Regulatory Commission (CERC) introduced draft procedures for trading Carbon Credit Certificates during the quarter, which is expected to enhance IEX’s operational scope in the near future.

IEX achieved its highest-ever monthly electricity trading volume of 11,132 million units (MU) in December 2024, a 29 per cent Y-o-Y increase. The exchange also traded 818 million units (MU) of green energy in December 2024, representing a staggering 331.8 per cent increase from 189 MU in December 2023. News source: Mercom India

Indian Energy Exchange (IEX) reported a consolidated revenue of Rs 1.605 billion for the third quarter (Q3) of the financial year (FY) 2025. This marked a 13.7 per cent year-on-year (Y-o-Y) increase compared to Rs 1.412 billion in the corresponding period of the previous year. The company had reported a consolidated revenue of Rs 1.68 billion in the second quarter (Q2), reflecting a 26.2 per cent Y-o-Y growth. The consolidated profit after tax (PAT) for Q3 FY25 stood at Rs 1.073 billion, which represented a 16.9 per cent increase from Rs 918 million in the same quarter last year. The standalone revenue from operations during Q3 FY25 amounted to Rs 1.313 billion. Including other income of Rs 285 million, the total standalone income reached Rs 1.598 billion. The standalone PAT for the quarter rose by 15.5 per cent to Rs 1.031 billion, up from Rs 893 million in Q3 FY24. For the nine months ending December 2024, the company’s consolidated revenue was Rs 4.828 billion, reflecting a 20 per cent Y-o-Y growth. The consolidated PAT for this period reached Rs 3.121 billion, showing a 22.8 per cent Y-o-Y increase from Rs 2.541 billion. The growth drivers for IEX included increased power consumption, the introduction of new products, regulatory advancements, and ample supply-side availability. Despite a 5 per cent rise in demand during the first nine months of FY25, prices declined due to a 40 per cent Y-o-Y improvement in sell-side liquidity. The exchange reported a total electricity trading volume of 30.5 billion units (BU) in Q3 FY25, marking a 15.9 per cent Y-o-Y growth from 26.3 BU in Q3 FY24. The cumulative trading volume for the first nine months of FY25 was 89 BU, reflecting a 19 per cent Y-o-Y increase. Renewable Energy Certificate (REC) trading also saw significant growth, with 2.652 million RECs traded in Q3, up 31 per cent from 2.24 million in Q3 FY24. The green market segment continued to expand steadily, recording a trading volume of 0.4 BU during the quarter. Additionally, the exchange facilitated the trading of 2.03 million certificates during the quarter, including energy-saving certificates. The average Day-Ahead Market (DAM) price in Q3 FY25 dropped to Rs 3.71 (~$0.045)/kWh, a 26 per cent Y-o-Y decrease, attributed to improved sell-side liquidity and better coal inventory levels. The Central Electricity Regulatory Commission (CERC) introduced draft procedures for trading Carbon Credit Certificates during the quarter, which is expected to enhance IEX’s operational scope in the near future. IEX achieved its highest-ever monthly electricity trading volume of 11,132 million units (MU) in December 2024, a 29 per cent Y-o-Y increase. The exchange also traded 818 million units (MU) of green energy in December 2024, representing a staggering 331.8 per cent increase from 189 MU in December 2023. News source: Mercom India

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