IEX Share Price Rose 4.48% on Apr 25; Announced 22% PAT Growth in FY25 & ₹1.50 Final Dividend

Indian Energy Exchange Limited (IEX) announced its audited financial results for the financial year and fourth quarter ending March 31, 2025.  

Post the announcement, on April 25, 2025, IEX share price opened at ₹194.79, up from its previous close of ₹190.84. At 9:37 AM, the share price of IEX was trading at ₹199.39, up by 4.48% on the NSE. 

Performance in FY25 

IEX achieved its highest-ever traded electricity volume in FY25 at 121 billion units (BUs), marking an 18.7% year-on-year increase. This growth came on the back of higher demand and efficient market facilitation. Additionally, 178 lakh Renewable Energy Certificates (RECs) were traded, the highest ever in a financial year and a sharp 136.3% rise, indicating growing compliance and interest in green energy trading. 

On the financial front, consolidated revenue for FY25 rose 19.3% year-on-year to ₹657.4 crore, up from ₹550.8 crore in FY24. Consolidated profit after tax (PAT) saw a 22.3% jump to ₹429.2 crore, reflecting operational efficiency and higher trading activity. Standalone PAT stood at ₹414.6 crore, rising 21.4% from ₹341.4 crore in the previous fiscal year. 

The Board of Directors has recommended a final dividend of ₹1.50 per equity share having a face value of ₹1 each, fully paid-up, for the financial year ended March 31, 2025. This is subject to the approval of the shareholders. Further, in line with Regulation 42 of the Listing Regulations, the Board has fixed Friday, May 16, 2025, as the record date to ascertain the eligibility of shareholders for payment of the final dividend. 

Q4 FY25 Highlights  

The momentum continued in the final quarter of the year, with Q4 FY25 recording the highest-ever quarterly traded electricity volume of 31.7 BU, a growth of 18.1% year-on-year. REC trading also reached record levels in the quarter at 68 lakh certificates, up 108% year-on-year. 

Consolidated revenue in Q4 FY25 increased by 17.0% to ₹174.6 crore, while consolidated PAT rose 21.1% to ₹117.1 crore. Standalone PAT for the quarter also increased 17.8%, reaching ₹112 crore. 

Power Sector Update: Demand, Supply, and Stability 

India’s electricity consumption touched 1,694 BUs in FY25, showing a 4.4% rise. The Ministry of Power implemented several proactive measures to ensure uninterrupted supply, including extended operations of coal-based and gas-based plants and maximizing un-requisitioned power on exchanges. 

Coal production also supported the supply side, growing 5% to 1,048 million tonnes, with coal dispatch to the power sector up 5.9%. As of March-end 2025, coal inventories were at a 23-day high, the best since 2021. This surplus helped improve sell-side liquidity on the exchange and kept Day-Ahead Market (DAM) prices competitive at ₹4.47/unit, down 14.7% from ₹5.24/unit in FY24. 

Gas and Carbon Markets: Expanding Horizons 

The Indian Gas Exchange (IGX), a subsidiary of IEX, traded a record 60 million MMBtu in FY25, registering a 47% growth. PAT for IGX increased 34.3% to ₹31 crore. In Q4 FY25 alone, IGX saw 132% growth in volumes and over 100% growth in PAT. 

Meanwhile, International Carbon Exchange (ICX), another subsidiary, emerged as India’s first accredited I-REC issuer. ICX issued 59.27 lakh I-RECs and posted a revenue of ₹3.41 crore in FY25, a 964% jump from FY24’s ₹32 lakh. 

Also Read: Ather Energy IPO to Open on Monday, April 28: A Closer Look at Key Financials!

Conclusion 

FY25 was a landmark year for Indian Energy Exchange, characterised by record electricity and REC volumes, financial growth, and major developments in the gas and carbon trading segments.  

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