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Indian Energy Exchange (IEX) is a leading power trading platform in India. It is the first power exchange in the country and is headquartered in New Delhi. The exchange operates under the regulatory framework of the Central Electricity Regulatory Commission (CERC) and the Securities and Exchange Board of India (SEBI). The IEX operates an electronic, anonymous, order-driven market for the trading of electricity and renewable energy certificates (RECs) in India. It offers a transparent, reliable and efficient platform for the purchase and sale of electricity, providing an opportunity for market participants to trade in a competitive environment. The company is publicly traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) and one can buy shares of IEX in the Indian stock market.
Indian Energy Exchange Q3
Indian Energy Exchange (IEX) reported an over 4% year-on-year (YoY) decline in its December quarter consolidated net profit to ₹77.21 crore.
"On a consolidated basis, revenue for the quarter increased by 3.1% Quarter on Quarter (QoQ), from ₹113.8 crore in Q2FY'23 to ₹117.4 crore in Q3FY'23.
PAT grew by 8.4% QoQ from ₹71.2 crore to ₹77.2 crore with a margin of 66%," the company said in a statement.
View: Average result. YoY performance down however QoQ profit up by single digit. Stock is in a downward channel.
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