IEX share price in focus as company reports 9% rise in trade volumes in February; check details

A total of 16.37 lakh renewable energy certificates were traded during the month, marking a 167% year-on-year (y-o-y) increase, it said. The next renewable energy certificate (REC) trading sessions at the exchange are scheduled for March 12 and 26.

In the electricity market, the day-ahead market (DAM) achieved 5,369 MU volume in February as compared to 4,722 MU volume in the same month last year, an increase of 14% YoY.

The real-time electricity market (RTM) volume increased by 23% to 2,887 MU in February from 2,340 MU in February 2024. Day Ahead Contingency and Term-Ahead Market (TAM), comprising contingency, daily, weekly, and monthly contracts up to 3 months, traded 814 MU during February 2025, lower by 45% on a YoY basis.

In the green market, 519 MU volumes were traded in the e-Green Day-Ahead Market (G-DAM), up 95% over 266 MU in February last year.

IEX Q3 FY25 Results

IEX posted a nearly 17% rise in its consolidated net profit to ₹107.29 crore, mainly driven by higher revenues.

The company had reported a consolidated net profit of ₹91.80 crore for the quarter ended December 31, 2023, a BSE filing showed.

Its total income rose to ₹160.53 crore in the quarter from ₹141.21 crore a year ago.

The Board of Directors also approved the payment of an interim dividend of ₹1.50 per equity share, having a face value of ₹1 each for 2024-25.

The record date for ascertaining the name of members/beneficial owners entitled to receive the interim dividend was 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% year-on-year rise, and traded 26.52 lakh Renewable Energy Certificates (RECs), recording a 31% growth.

According to the statement, adequate availability of fuel in this quarter led to higher liquidity on the exchange platform, as the sell quantum increased by 62% (year-on-year) in the day-ahead market, leading to softening prices.

For Q3 FY25 (October-December 2024), prices in the day ahead market averaged ₹3.71/unit, a decline of nearly 26% year-on-year.