Indian Energy Exchange Ltd (IEX)

Indian Energy Exchange Records Strong Q1 Results - 24 Jul, 2024

Indian Energy Exchange (IEX) reports a 27% YoY increase in consolidated net profit to ₹96.44 crore for the June quarter, driven by higher revenues. The company's revenue from operations rose 18.75% YoY to ₹123.5 crore. IEX shares settled about 4% higher at ₹174.70 ahead of the June quarter numbers.

Indian Energy Exchange Plans to Reduce Equity in IGX for IPO - 22 Jul, 2024

Indian Energy Exchange plans to bring down its equity in gas exchange, Indian Gas Exchange (IGX), to 25% before launching an initial public offering by the end of 2025. IEX currently holds a 47% stake in IGX.

Indian Energy Exchange Ltd Power Prices Remain Flat Despite Increased Demand - 18 Jul, 2024

Despite unprecedented heat waves and increased electricity consumption, Indian Energy Exchange Ltd's power prices remained flat on an annual basis due to proactive measures taken by the government and regulators. The market clearing price in Day Ahead Market during June 2024 was ₹5.40 per unit, similar as last year, but lower than bilateral contract prices by over 20%.

Indian Energy Exchange Misses Earnings Expectations; Prices Remain Low Despite High Demand - 15 Jul, 2024

Indian Energy Exchange's FY 2024 earnings missed analyst estimates with revenue and EPS below expectations. Despite record-high power demand, IEX prices remained below ₹5 per kWh in May 2024 due to increased generation across fuel categories. The company's shares are down 3.9% from a week ago.

Indian Energy Exchange Ltd Faces Competition Risk, But Long-Term Benefits Remain - 13 Jul, 2024

Indian Energy Exchange Ltd (IEX) faces competition risk and a potential delay in market coupling, but long-term structural benefits due to regulatory measures can be reaped. IEX's net profit rose 16% while transaction fees accounted for 78% of total income in FY24. The stock has appreciated 5.4% YTD in 2024 and rallied nearly 32% so far in FY25. However, the valuation of 45 times appears expensive.

IEX Stock Expected to Reach Target of 210 - 09 Jul, 2024

Technical analysis suggests that Indian Energy Exchange Ltd (IEX) is consolidating around the level of 185-186 and has broken out on weekly and monthly charts. Analysts predict a target of 210 in the next few trading sessions with a stop of 179.

Indian Energy Exchange Ltd's RTM Volume Share Climbs to 30% - 08 Jul, 2024

The real-time market (RTM) volume share on the Indian Energy Exchange Ltd. rose to 30% in June, up from an average of 23% since its establishment in June 2020. Trading volume increased by 19%, reflecting a corresponding increase in power demand.

IEX Sees Growth in Trade Volume, Plans IGX IPO - 05 Jul, 2024

Indian Energy Exchange Ltd sees a 19% YoY growth in overall trade volume for Q1 FY25. The company also plans an IPO for IGX by 2025 and announces new appointments to its board.

Indian Energy Exchange Reports Strong Growth in Electricity Volume - 03 Jul, 2024

Indian Energy Exchange (IEX) has reported strong growth in its electricity trading volumes, with a 25% YoY increase in June 2024. The company also achieved significant growth in its green market volume, DAM volume, and RTM volume. For Q1 FY25, IEX achieved an overall trade volume of 28,178 million units, marking a 19% YoY increase.

Indian Energy Exchange Reports Strong Growth in Electricity Trading Volumes - 02 Jul, 2024

The Indian Energy Exchange (IEX) has reported strong growth in electricity trading volumes for June 2024, with a YoY increase of 24.7%. For the first quarter of fiscal year 2025, IEX recorded an electricity volume of 28,178 MU, rising 19% YoY. The company's 5-year TSR is 332%, and its shares closed 2.25% lower at Rs 185 apiece.