Indian Energy Exchange (IEX) reported a consolidated profit after tax of ₹1.17 billion (~$13.7 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 21.1% increase year-over-year (YoY) from ₹967 million (~$11.3 million).

Consolidated revenue stood at ₹1.7 billion (~$19.9 million), a 17% increase from ₹1.49 billion (~$17.4 million). The growth can be attributed to the highest-ever quarterly traded electricity volume of 31.7 billion units (BU), an increase of 18% YoY.

In Q4, 6.8 million Renewable Energy Certificates (REC) were traded, a 108% YoY increase. This is the highest number of RECs traded in a quarter ever.

For FY 2025, IEX announced a consolidated profit after tax of ₹4.29 billion (~$50.2 million), up 22.3% from ₹3.5 billion (~$40.9 million).

The company’s consolidated revenue increased 19.3% YoY from ₹5.5 billion (~$64.3 million) to ₹6.5 billion (~$76.1 million).

The year also saw the highest quarterly traded electricity volume of 121 BU, an 18.7% rise from the previous year. The number of RECs also increased 136.3% YoY to reach 17.8 million in FY 2025.

IEX’s electricity market share for FY 25 stood at 84.2%. The company’s earnings per share were recorded at ₹4.83 (~$0.05), an increase from ₹3.94(~$0.04).

In FY 25, Real Time Market (RTM) and green markets registered substantial growth of 29% and 171% YoY, respectively. The collective (Day Ahead Market, RTM, G-DAM) remained steady at 80% of IEX’s volumes.

In Q3, IEX reported a consolidated revenue of ₹1.605 billion (~$19.32 million) for the third quarter ofFY 2025, up 13.7% YoYfrom ₹1.412 billion (~$17.02 million).

It traded 552 million units (MU) of green energy in February 2025, an 85% YoY increase from 298 MU. The Green Day-Ahead Market traded 519 MU during February with a weighted average price of ₹4.59 (~$0.052)/kWh, an increase of 95% YoY from 266 MU.