Indian Energy Exchange (NSE: IEX) is a leading electricity trading platform in India. It was incorporated in 2007 and started operations in 2008. The company operates in the power trading segment and facilitates trading of electricity through its platform. IEX provides a transparent and efficient platform for buyers and sellers of electricity to transact, while also ensuring a fair market price discovery.
The company’s primary source of revenue is transaction fees charged for facilitating the trading of electricity. For the quarter ending December 31, 2022, Indian Energy Exchange reported a total revenue of ₹100.27 crore, an decrease of 14.5% compared to the same period in the previous year. The company’s profit after tax (PAT) stood at ₹77.21 crore, an decline of 4% compared to the same period last year. The Earnings per Share was ₹0.86 for this quarter.
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