IEX shares rally 6% as Q4 profit surges 21% YoY to ₹117 crore, board greenlights dividend

Shares of Indian Energy Exchange (IEX) rallied 5.51% on Friday, April 25, to an intra-day high of ₹201.35 apiece on the National Stock Exchange (NSE). This comes a day after the company’s consolidated net profit surged 21.12% year-on-year (YoY) to ₹117.11 crore in the March quarter of FY25, compared to ₹96.69 crore in the year-ago period.

Shares of IEX were trading at ₹195 apiece, up 2.18%, as of 12:13 pm on Friday.

For the fourth quarter of the 2024-25 fiscal year (Q4FY25), the electricity exchange clocked a revenue from operation of ₹142.25 crore, jumping 17.29% YoY from ₹121.28 crore in the same period in FY24.

Its total income in the fiscal year rose 19.34% YoY to ₹657.36 crore from ₹550.84 crore in Q4FY24.

The company said that its growth was driven by an increase in demand, large capacity additions in renewable energy and storage, along with declining costs, favourable policy and regulatory framework for market development and diversification.

IEX board recommends final dividend

IEX’s board of directors also recommended a final dividend of ₹1.50 per equity share with a face value of ₹1 each, fully paid up for the 2024-25 financial year.

The company fixed Friday, May 16, as the record date to ascertain shareholder eligibility for dividend payment, subject to shareholder approval at the ensuing AGM.

IEX share performance

The share had closed in the negative territory at ₹190.84, down 0.26% on Thursday, April 24. However, the results were announced after market hours.

IEX stock gained 3.69% over the week and 10.68% since the beginning of April. The scrip surged 7.11% on a year-to-date basis.

The share hit a 52-week high of ₹244.40 on September 24, 2024 and a low of ₹134.15 on June 4, 2024.

The Indian Energy Exchange has a total market capitalisation of ₹17,276.55 crore as of April 25, 2025, on the NSE.