Indian Energy Exchange Limited (IEX), India's premier electricity marketplace, has announced robust financial results for the first quarter, demonstrating strong growth across key metrics.

Financial Highlights

IEX reported a significant increase in profitability for the quarter:

• Consolidated profit after tax reached ₹120.70 crore, marking a substantial 25.20% year-on-year growth compared to ₹96.44 crore in the same quarter last year.
• Consolidated revenue stood at ₹184.20 crore, representing a 19.20% increase from ₹154.50 crore in the corresponding quarter.
• On a standalone basis, IEX achieved a profit of ₹113.04 crore, up 21.00% from ₹93.42 crore in the corresponding quarter of the previous year.
• Standalone revenue from operations rose to ₹139.99 crore, compared to ₹123.56 crore in the same period last year.

Operational Performance

• Total electricity volume: 32.40 billion units (BU), reflecting a robust 15.00% year-on-year growth.
• Renewable Energy Certificates (RECs) trading saw exceptional growth, with 52.70 lakh certificates traded, marking a substantial 149.30% increase compared to the same period last year.

Market Dynamics

• India's electricity consumption reached 446 billion units, a marginal 1.30% decrease compared to the same quarter last year.
• Day Ahead Market (DAM) price averaged ₹4.41 per unit, a decline of nearly 16.00% year-on-year.
• Real-Time Market (RTM) price averaged ₹3.91 per unit, down 20.00% compared to the same quarter last year.

Subsidiary and Associate Performance

International Carbon Exchange (ICX)

• Issued over 44 lakh I-RECs (International Renewable Energy Certificates)
• Reported revenue of ₹1.79 crore for the quarter

Indian Gas Exchange (IGX)

• Traded a record gas volume of 24.60 million MMBtu, representing a 109.00% growth over the same quarter last year
• Profit after tax stood at ₹14.10 crore, an 86.70% increase from ₹7.60 crore in the same quarter last year

Corporate Developments

IEX's Board of Directors approved the appointment of M/s MNK and Associates LLP as the company's Secretarial Auditors for a term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting.

Additional Information

• Basic earnings per share for the quarter stood at ₹1.27 for standalone results and ₹1.36 for consolidated results.
• During the quarter, 50,540 employee stock options were exercised.

Conclusion

With its strong financial performance and growing market presence, Indian Energy Exchange Limited continues to solidify its position as a leader in India's power trading sector. The company's ability to adapt to market conditions and capitalize on opportunities in both the electricity and gas markets demonstrates its resilience and potential for continued growth.

Indian Energy Exchange Ltd. (IEX) witnessed a significant block trade on the National Stock Exchange (NSE) on Tuesday, marking a notable transaction in the energy trading sector.

Block Trade Details

The block trade, valued at Rs. 245.74 crores, involved the exchange of approximately 18,687,400 shares of Indian Energy Exchange. The shares were traded at a price of Rs. 131.50 per share, reflecting current market valuations for the company.

Impact and Significance

Block trades of this magnitude often attract attention in the financial markets as they can indicate significant changes in ownership or investment strategies by large shareholders. For Indian Energy Exchange, this transaction represents a substantial movement of shares, potentially influencing the stock's liquidity and investor perception.

About Indian Energy Exchange

Indian Energy Exchange Ltd. is India's premier energy exchange, providing a nationwide automated trading platform for the physical delivery of electricity, renewable energy certificates, and energy saving certificates. The company plays a crucial role in India's power sector by facilitating transparent and efficient price discovery and improving the speed and efficiency of trade execution.

While the exact reasons behind this large block trade remain undisclosed, such transactions often spark interest among investors and analysts, who may closely watch for any subsequent changes in the company's stock performance or ownership structure in the coming days.

Investors and market participants are advised to keep an eye on any official announcements from Indian Energy Exchange or regulatory filings that may provide more context to this significant market movement.