IEX Q4 result: Net profit rises over 21% YoY to ₹117 crore in Q4; shareholders to get dividend of ₹1.5 per share

Indian Energy Exchange (IEX) on Thursday posted a rise of over 21 per cent in consolidated net profit to ₹117.11 crore in March quarter of FY25 compared to a year ago, mainly on the back of higher revenues.

It had reported a consolidated net profit of ₹96.68 crore in the quarter ended on March 31, 2024, a regulatory filing showed.

Total income in the reporting quarter rose to ₹174.59 crore from ₹149.28 in the same period year ago.

During the 2024-25 fiscal, the consolidated net profit of the company rose to ₹429.16 crore compared to ₹350.78 crore in the preceding financial year.

Total income in the fiscal rose to ₹657.36 crore from ₹550.84 crore in 2023-24.

The board of directors has recommended the final dividend of ₹1.50 per equity share having a face value of Re one each for the financial year ended March 2025.

The board has fixed May 16, 2025 as the 'record date' to ascertain the eligibility of shareholders for payment of final dividend, it said.

The final dividend, if approved by the shareholder at the ensuing annual general meeting, will be paid within 30 days from the date of approval by the shareholders.

According to a company statement, IEX logged the highest-ever quarterly traded electricity volume of 31.7 BU (billion units) in Q4 FY25, 18.1% higher YoY (year on year)·

As many as 68 lakh RECs (renewable energy certificates) were traded during Q4FY25, up 108 per cent. It was also the highest-ever RECs traded in a quarter

Standalone PAT (profit after tax) or net profit in Q4 FY25 increased 17.8% to ₹112 crore from ₹95.1 crore in Q4FY24.

Similarly in fiscal year 2024-25, IEX logged the highest-ever traded electricity volume of 121 BUs, up 18.7 per cent YoY·

IEX traded 178 lakh RECs during FY25, registering an increase of 136.3 %. It was the highest-ever RECs traded in a financial year.

For FY25, standalone PAT increased 21.4% to ₹414.6 crore from ₹341.4 crore in FY24.