Shares of Indian Energy Exchange were trading higher on Friday morning.
What Happened: IEX's standalone net profit jumped 28% year on year to ₹106.08 crore. The exchange's revenue also witnessed a similar 28% rise to 139.24 crore. Its EBITDA gained 30.5% to ₹120.3 crore. The results beat analyst estimates.
The transaction fees made up 80% of the company's revenue in the quarter. Admission and annual fees contributed 3% and other income 17%.
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IEX's total volume reached 36.7 billion units in the September quarter, increasing by 38% from the previous year. The total volume at H1FY25 was at 67 billion units. In FY24, the company recorded a total volume of 110.1 billion units.
The power exchange's electricity market share reached 83% in the first half of FY25, compared with 84% in FY24.
The day-ahead market (DAM) product made up 41% of the company's total volume in the first half of FY5. DAM contributed 48% in FY24. The real-time market segment's contribution was increased to 30% in H1FY25, compared with 27% in FY24.
Price Action: Shares of IEX were up 0.74% to ₹185.79 on Friday morning
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