Indian Energy Exchange Ltd

(IEX)

IEX Reports Growth in Electricity and REC Trading - 06 Nov, 2024

Indian Energy Exchange (IEX) achieved a 4% year-on-year increase in electricity volume to 9,642 MU in October 2024, alongside a 105% rise in renewable energy certificates traded. The Day-Ahead Market volume declined, while the Real-Time Electricity Market saw a 30% increase.

IEX Reports 4% Growth in October Electricity Trade - 05 Nov, 2024

Indian Energy Exchange achieved a 4% year-on-year increase in electricity traded volumes, totaling 9,642 million units in October 2024, alongside a significant rise in renewable energy certificates trading.

Indian Energy Exchange Faces Demand Challenges - 29 Oct, 2024

The Indian Energy Exchange reported stable earnings supported by improved realizations and higher liquidity. However, the power sector faces a slowdown due to increased supply and flat demand growth of 0.5%. The stock trades at 34 times estimated fiscal 2026 earnings, indicating reasonable valuations amidst these challenges.

IEX Reports Strong Q2 Results Amid Valuation Concerns - 28 Oct, 2024

Indian Energy Exchange Ltd reported a 25% year-on-year rise in net profit for Q2, with analysts noting limited upside due to high valuations. Despite strong volume growth, challenges persist in the market. Motilal Oswal maintains a Neutral rating with a target price of Rs 200.

IEX Reports Profit Growth Amid Stock Decline - 25 Oct, 2024

Indian Energy Exchange (IEX) reported a 28% increase in net profit and revenue growth of 28.3% in Q2 FY25. However, shares fell over 4% due to weak operational performance, despite the positive earnings report.

IEX Q2 Profit Rises Amid Revenue Growth - 24 Oct, 2024

Indian Energy Exchange (IEX) reported a 25% increase in Q2 net profit to ₹108.32 crore, with total income rising to ₹167.76 crore. Despite meeting most analyst expectations, IEX slightly missed consensus estimates for profit and EBITDA margin. Shares rose 0.95% post-results but remain down 23% from recent highs due to market concerns.

IEX Shares Decline Amid Market Coupling Concerns - 15 Oct, 2024

Indian Energy Exchange (IEX) shares fell 2% on October 15, 2024, continuing a downward trend due to fears of market coupling, which could reduce its market share from 84% to 70% by FY2027. The stock has declined over 12% in the past month, despite a nearly 50% return over the past year.

IEX Shares Decline Amid Market Coupling Concerns - 14 Oct, 2024

Indian Energy Exchange (IEX) shares dropped over 6% following Power Secretary's reaffirmation of commitment to market coupling, raising investor concerns about potential market share decline.