Indian Energy Exchange (IEX) announces audited financial results for the financial year and fourth quarter ending March 31, 2025
- Sub Editor
- 4 hours ago
- 3 min read
Key highlights of the audited financial results for the financial year and fourth quarter ending March 31, 2025, as declared by Indian Energy Exchange (IEX) on 24th April 2025, are listed below:
FY’25
Highest ever traded electricity volume of 121 BUs in FY’25, an increase of 18.7% YoY
178 lac RECs traded during FY’25, increase of 136.3%. Highest ever RECs traded in a financial year.
Consolidated Revenue in FY’25 increased 19.3% YoY to INR 657.4 Cr from INR 550.8 Cr in FY’24
Consolidated PAT in FY’25 increased 22.3% YoY to INR 429.2 Cr from INR 350.8 Cr in FY’24
For FY’25 Standalone PAT increased 21.4% to Rs 414.6 Cr. from Rs. 341.4 Cr in FY’24.
Q4FY’25
Highest ever quarterly traded electricity volume of 31.7 BU in Q4FY’25, an increase of 18.1% YoY
68 lac RECs traded during Q4FY’25, increase of 108%. Highest ever RECs traded in a quarter
Consolidated Revenue in Q4FY’25 increased 17.0% YoY to INR 174.6 Cr from INR 149.3 Cr in Q4 FY’24.
Consolidated PAT in Q4FY’25 increased 21.1% YoY to INR 117.1 Cr from INR 96.7 Cr in Q4 FY’24.
Standalone PAT in Q4 FY’25 increased 17.8% to INR 112 Cr from INR 95.1 Cr in Q4 FY’24.
Power Sector Update
On the power sector front, according to government data, India’s electricity consumption in FY’25 reached 1,694 BUs, representing a 4.4% increase on a year-on-year basis. Given the increase in demand, the Ministry of Power took proactive measures throughout the year to enhance power supply like extending the directive for imported coal-based power plants to operate at full capacity, sale of surplus un-requisitioned power on power exchanges, ensuring the availability of gas-based plants and higher availability of generating units to meet peak demand.
On the fuel side, during FY’25, India's coal production increased by 5%YoY to reach around 1,048 million tonnes and coal dispatch to the power sector increased by 5.9% YoY to 843 million tonnes. The coal premium under Shakti B8 action has come down to around 10%. Coal inventory on 31st March 2025 stood at nearly 23 days, the highest since 2021.
Overall, the fuel situation has remained stable throughout FY’25. This improved supply scenario resulted in increased sell liquidity at IEX, despite an increase in the country’s energy demand in FY’25. The sell liquidity in the DAM segment increased by 36% on a year-on-year basis, thereby keeping power prices competitive on the exchange. For FY25, the market clearing price in the Day Ahead Market was at Rs. 4.47/unit, as compared to Rs 5.24/unit in FY’24, marking a decline of 14.7% YoY.
On the gas market front, IGX traded highest ever gas volumes of 60 million MMBtu in FY’25, a growth of 47% YoY. The profit after tax for IGX increased 34.3% from INR 23 crores in FY’24 to INR 31 crores in FY’25.
In Q4FY’25, IGX traded a total volume of 20.2 million MMBtu as compared to 8.7 million MMBtu in Q4FY’24, a growth of 132% YoY. The profit after tax for IGX for Q4FY’25 came in at INR 8.9 Cr, compared with INR 4.4 Cr in Q4 FY’24, a growth of 102.9% YoY.
During FY’25, our wholly owned subsidiary International Carbon Exchange (ICX) became accredited as India’s first International Renewable Energy Certificate (I-REC) issuer. Over the last 7 months, a total of 59.27 lakh I-RECs were issued by ICX.
For FY’25 ICX made revenues of INR 3.41 crores compared with INR 32 lakh at the end of FY’24, a growth of 964% YoY.
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