Revenue in line; volumes remain robust

Company

28 Oct 2024 | 5 Min Read

Motilal Oswal research available on various platforms like Bloomberg, Thomson Reuters, Factset, and S&P Capital.

IEX reported standalone revenue of INR1,392m in 2QFY25, in line with estimates.

Overall volumes rose 38% YoY, with electricity volumes rising 15% YoY and RE volumes surging 277% YoY.

IEX holds a dominant market position with a 99.5% share in the bilateral day-ahead market and about 40% in the term-ahead market.

Pending approvals for an 11-month contract and the green RTM market are expected to enhance trading opportunities.

IEX's total market share, combining both electricity and certificates, stands at 79% for 1HFY25.