IEX Shares Soar 2.59% on 19% YoY Q1 Volume Growth and Robust Performance

IEX shares surged 2.59% to ₹189.80 after reporting a 19% YoY increase in Q1 FY25 electricity volume, with significant growth across all market segments and strong financial performance over five years.
IEX Shares Soar 2.59% on 19% YoY Q1 Volume Growth and Robust Performance

Shares of Indian Energy Exchange (IEX) experienced a notable increase, reaching an intraday high of ₹189.80, up 2.59%. This rise comes after a positive update on the company’s performance in the first quarter (Q1) of the fiscal year 2025 (FY25).

IEX reported a significant 19% year-on-year (YoY) increase in electricity volume for Q1 FY25, achieving 28,178 million units (MU). Including certificates, the total volume for the quarter reached 30,354 MU, representing a 20.8% YoY growth. June 2024 continued this positive trend, with a 24.7% YoY increase in electricity volume (10,185 MU) compared to June 2023. The total monthly volume, including certificates, also saw a 19.4% YoY rise.

The growth was not limited to overall volume; IEX’s various market segments also experienced significant increases. The day-ahead market (DAM) saw an 18.2% YoY rise in June 2024, reaching 4,849 MU. Similarly, the real-time electricity market (RTM) volume grew by 20.1% YoY, reaching 3,213 MU in June 2024.

For Q1 FY25, DAM volumes showed a moderate 6.7% YoY growth, while RTM volumes displayed robust growth of 26.8% YoY, reaching 9,193 MU. The day-ahead contingency and term-ahead market (TAM) also recorded substantial increases, with 23.3% YoY growth in June 2024 and 28.4% YoY for Q1 FY25.

Over the past five years, IEX shares have risen about 300%, driven by strong financial performance. Revenues increased from ₹257 crore to ₹449 crore, while net profit grew from ₹175 crore to ₹339 crore. Despite this growth, IEX shares are still trading below their 2022 high of approximately ₹320, having risen over sixfold from ₹50 levels in 2020.

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