Indian Energy Exchange (IEX) has announced its audited financial results for the financial year and fourth quarter ending March 31, 2025, delivering record volumes and robust profit growth.
FY25 Highlights:
- Traded 121 BUs of electricity, the highest ever, marking an 18.7% YoY increase.
- Traded 178 lakh Renewable Energy Certificates (RECs), up 136.3% YoY—also a record.
- Consolidated revenue rose 19.3% YoY to INR 657.4 crore.
- Consolidated PAT grew 22.3% YoY to INR 429.2 crore.
- Standalone PAT increased 21.4% to INR 414.6 crore.
- Final dividend of INR 1.5 per share declared (150% of face value).
Q4 FY25 Highlights:
- Highest ever quarterly electricity volume of 31.7 BU, up 18.1% YoY.
- Traded 68 lakh RECs, up 108% YoY, the highest in any quarter.
- Consolidated revenue rose 17% YoY to INR 174.6 crore.
- Consolidated PAT increased 21.1% to INR 117.1 crore.
- Standalone PAT grew 17.8% to INR 112 crore.
Power Sector Trends:
India’s power consumption reached 1,694 BUs in FY25, growing 4.4% YoY. The government ensured supply through increased coal production, extended coal plant operations, and better utilization of gas-based units. Coal production hit 1,048 million tonnes, while dispatch to the power sector rose 5.9% YoY.
Sell-side liquidity on IEX improved significantly, particularly in the Day Ahead Market (DAM), where volume rose 36% YoY, helping keep prices competitive. The average market clearing price in DAM declined to INR 4.47/unit, down 14.7% YoY.
IGX and ICX Performance:
- Indian Gas Exchange (IGX) posted its highest ever annual volume at 60 million MMBtu, up 47% YoY. PAT rose 34.3% to INR 31 crore.
- In Q4, IGX traded 20.2 million MMBtu, a 132% YoY jump. PAT for the quarter doubled to INR 8.9 crore.
- International Carbon Exchange (ICX), India’s first I-REC issuer, issued 59.27 lakh I-RECs in seven months. Revenue surged to INR 3.41 crore, a 964% YoY growth.
