Q1 FY'25: IEX Revenue Surges 21.3 percent to INR 154.5 Crore

The Indian Energy Exchange (IEX), India’s platform for trading electricity, renewable energy, and related certificates, reported a total trading volume of 30.4 billion units (BUs), up from 25.1 BUs in Q1FY’24, reflecting a robust 21.1 percent year-over-year (YoY) growth. This volume includes 28.2 BUs of electricity and 2.2 BUs in traded certificates.

Financially, IEX’s consolidated revenue surged by 21.3 percent YoY, climbing from INR 127.4 crore in Q1 FY'24 to INR 154.5 crore this quarter. The company's Profit After Tax (PAT) saw an impressive 27.2 percent increase, rising from INR 75.8 crore to INR 96.4 crore.

The quarter was marked by an unprecedented spike in electricity demand, driven by extreme weather conditions. Peak power demand soared to 250 GW, surpassing last September’s record of 243 GW. Overall energy consumption for Q1 FY’25 reached 452 BUs, reflecting an 11.2 percent year-over-year increase.

On the coal front, India saw an 11 percent YoY rise in production, reaching 247 million tonnes.Auction premiums under the Shakti B8 auction have stabilised around 20 percent over the past three months. July’s coal inventory stood at a comfortable 18 days' supply. The firm said in its press note that government initiatives, including the sale of surplus power and enhanced fuel supply, helped maintain market stability despite rising electricity consumption. As a result, the Day Ahead Market clearing price remained steady at INR 5.26 per unit, nearly unchanged from the previous year.

In the gas sector, the Indian Gas Exchange (IGX) experienced a dramatic 176 percent increase in trading volumes, totaling 11.8 million MMBtu over the same quarter last fiscal. IGX’s PAT also soared by 120 percent YoY, from INR 3.4 crore in Q1 FY'24 to INR 7.6 crore in Q1 FY'25.