Indian Energy Exchange (IEX) shares surged 4% in morning trade following a strong Q4 FY25 report. The company announced a 21.1% rise in consolidated net profit, reaching ₹117.11 crore, compared to ₹96.68 crore in the same quarter last year. As of 9:23 AM, shares traded 4.37% higher at Rs 199.18.
Total income for the quarter increased to ₹174.59 crore, up from ₹149.28 crore year-over-year (YoY). For the full fiscal year FY25, IEX's consolidated net profit rose by 22.3% to ₹429.16 crore. Total income grew 19.3% to ₹657.36 crore (Source: Business Upturn).
The board recommended a final dividend of ₹1.50 per equity share for FY25, with May 16, 2025, set as the record date. IEX achieved its highest-ever quarterly traded electricity volume at 31.7 BU in Q4, marking an 18.1% YoY growth. The company also traded 68 lakh renewable energy certificates (RECs), a 108% YoY jump, also a quarterly record (Source: Business Upturn).