IEX Shares Slip 3% Despite Record Growth in Electricity Trade Volume in FY25

Mumbai, April 7: Shares of Indian Energy Exchange (IEX) dipped over 3% on Monday, despite the company reporting robust growth in electricity traded volumes and renewable energy certificate (REC) trades for the financial year 2024–25. At the time of reporting, IEX was trading at Rs. 173.10, down Rs. 5.50 or 3.08% from its previous close of Rs. 178.60 on the Bombay Stock Exchange (BSE).

Stock Performance and Market Reaction

The stock opened at Rs. 160.75, touching a high of Rs. 175.90 and a low of Rs. 160.75 during the trading session. A total of 2,28,756 shares were exchanged on the counter, signaling significant investor activity despite the decline. IEX is part of the BSE Group ‘A’ and has a face value of Rs. 1.

In the past 52 weeks, the stock has hit a high of Rs. 244.35 (September 24, 2024) and a low of Rs. 134.30 (June 4, 2024). Over the last week, the share has fluctuated between Rs. 183.25 and Rs. 160.75. The current market capitalization stands at Rs. 15,377.24 crore.

Record-Breaking Electricity and REC Trades in FY25

Despite the market reaction, IEX has delivered record performance during FY25. The company reported its highest ever electricity traded volume of 121 billion units (BUs), a 19% year-on-year (YoY) increase. This surge was supported by a 4.4% rise in India’s overall power demand for the year.

Additionally, IEX achieved its highest ever trade of Renewable Energy Certificates (RECs), with 178 lakh certificates exchanged in FY25 — an astounding 136% YoY growth.

In Q4FY25, the exchange posted 31,747 million units (MU) of electricity traded, a record quarterly volume representing an 18% YoY growth. REC trading during the quarter hit 68 lakh units, growing 108% YoY.

March 2025 Performance Highlights

March alone saw IEX clock its highest ever monthly traded electricity volume at 11,215 MU, a 29% increase YoY. REC trade volume for the month reached 13 lakh units, up 18% YoY. However, the Market Clearing Price (MCP) in the Day-Ahead Market dipped to Rs. 4.43/unit, marking a 9% YoY decline, possibly contributing to investor concerns.

About IEX

Indian Energy Exchange is India’s leading power trading platform, facilitating the physical delivery of electricity, renewable energy, and the trading of Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts). With a fully automated, nationwide trading mechanism, IEX plays a critical role in India’s energy ecosystem.