IEX shows 33 per cent Y-o-Y growth in PAT third quarter of 2021-22

Indian Energy Exchange (IEX) has recordeda growth of 33 per cent in standalone profit after tax (PAT) from Rs 601 million in the third quarter of 2020-21 to Rs 799 million in the third quarter of 2021-22.

The standalone revenue for the quarter ended December 2021 has increased by 32.4 per cent to Rs 1,267 million from Rs 957 million reported in the same quarter of previous year..The volume of electricity traded on the IEX grew by 37 per cent on year-on-year (Y-o-Y) basis, with 27.6 BU traded in the third quarter of 2021-22,as against20.1 BU in the third quarter of 2020-21.  The real-time market (RTM) continues to beone of the fastest-growing electricity market segment on the IEX, achieving a growth of 70 per cent Y-o-Y with 4.8 BU of volume traded during the quarter. The green market, including the day ahead and term ahead market, cumulatively traded 1.2 BU during the quarter and contributed 5 per cent to overall electricity volumes.

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