IEX shares gain after May electricity volumes, rates in Day Ahead Market rise 18%

Shares of Indian Energy Exchange

Ltd. (IEX) gained in Thursday's trade after the company reported robust operating metrics for May.

IEX recorded traded electricity volumes of 12,983 million units (MUs) during the month, marking an 18.6% increase compared to the same period last year.

The average market clearing price in the Day-Ahead Market (DAM) stood at ₹4.88 per unit, up 18.3% year-on-year, while the average clearing price in the Real-Time Market (RTM) rose 21.2% to ₹4.16 per unit.

The strong monthly performance follows a healthy March quarter. IEX had reported a consolidated net profit of ₹129.8 crore for the fourth quarter of FY26, up 10.8% from ₹117 crore a year earlier.

Revenue from operations climbed 22.5% year-on-year to ₹174.3 crore, compared with ₹142.2 crore in the corresponding quarter last year.

Consolidated EBITDA increased 23.1% to ₹149.4 crore from ₹121.3 crore, while EBITDA margin improved to 86% from 85% in the year-ago period.

For FY26, IEX achieved its highest-ever annual electricity trading volume of 141.1 billion units (BUs), reflecting a 17% increase over the previous year. Trading volumes in Renewable Energy Certificates (RECs) also reached a record 187.2 lakh certificates, up 5% year-on-year.

On a standalone basis, revenue rose 13.9% to ₹744.9 crore during FY26, while net profit increased 14.2% to ₹473.7 crore from ₹414.6 crore in the previous financial year.