Indian Energy Exchange Limited — PPTs, 24-04-2025: Investor Presentation

**Financial Highlights:** Indian Energy Exchange (IEX) reported solid growth in its financial performance for FY’25, with total revenue increasing to ₹657.4 crore, up from ₹550.8 crore in FY’24. EBITDA also saw an uptick to ₹489.5 crore, while net profit rose to ₹429.2 crore, indicating a sustained profitability trajectory. The transaction fees contributed 79% to total revenue, underscoring the revenue model's stability.

**Strategic Initiatives and Growth Drivers:** IEX is well-positioned to benefit from the ongoing energy transition in India, aiming for a 50% share of non-fossil fuel in the electricity generation mix by 2030. The company is focusing on expanding its Renewable Energy (RE) market offerings, including the introduction of new products like Green RTM and REC trading, which will cater to increasing sustainability requirements.

**Business Developments:** With the introduction of multiple new market models and regulatory frameworks, including the growth of Battery Energy Storage Systems and opportunities in hydrogen trading, IEX is enhancing its service offerings. Their robust ecosystem boasts over 8,500 registered participants and a consistent increase in electricity volumes, which grew by 18.7% YoY in FY’25.

**Market Position and Competitive Advantage:** IEX maintains a market share of 84.2% in the electricity market, leveraging its technology-led platform for efficient trading. The company is also diversifying into natural gas trading, aligning with national goals for gas infrastructure development.

**Investor Implications:** The sustained rise in demand, regulatory support for clean energy, and IEX's strategic initiatives position the company for long-term growth. Investors should consider IEX as a viable opportunity, especially with the projected increase in electricity and gas consumption in the coming years. Positive outlook as emerging market trends and regulatory changes favor IEX's innovative approaches.