Q2 2025 Indian Energy Exchange Ltd Earnings Call Transcript
Key Points
- Indian Energy Exchange Ltd (NSE:IEX) reported a strong trading volume of 36.7 billion units in Q2 FY25, marking a growth of 38.2% year-on-year.
- The company maintained a high market share of approximately 83% in the electricity market.
- The Real-Time Market (RTM) segment saw significant growth, with volumes increasing by 31% year-on-year, highlighting its importance in managing short-term electricity needs.
- The company is actively pursuing diversification opportunities, including the establishment of a coal exchange and exploring carbon exchange possibilities.
- Indian Energy Exchange Ltd (NSE:IEX) has been accredited as India's first renewable energy certificate issuer, enhancing its position in the renewable energy market.
- Electricity demand growth was slow during the second quarter due to better-than-expected monsoon, resulting in flat power demand growth of only 0.5% year-on-year.
- The company experienced a decline in month-on-month volumes from July to September, attributed to reduced demand from certain states like Bihar.
- There is uncertainty regarding the approval and launch of new long-duration contracts, which have been pending regulatory approval.
- The market share of Indian Energy Exchange Ltd (NSE:IEX) has decreased over the years, from 94% in FY22 to 83% currently, due to increased competition and the introduction of long-duration contracts.
- The company reduced transaction fees for Renewable Energy Certificates (REC) due to a significant drop in REC prices, which could impact revenue from this segment.
Ladies and gentlemen, good day and welcome to the Indian Energy Exchange, Q2 F 125 Brazils conference call hosted by axis Capital Limited.
As a reminder, all parass lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Sumit Kishore from axis Capital Limited. Thank you and over to you, sir.
Thank you, Neha. Good afternoon. Ladies and gentlemen, on behalf of Axis Capital, I'm pleased to welcome you all for the IQ 2 525 earnings conference call we have with us, the management team of IX which is represented by Mr Goel, the Chairman and managing director, Mr Rohit Bja, joint managing director, Mr Beni Halka, Chief Financial Officer and Mr Pernal, head, investor relations and corporate
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