Indian Energy Exchange (IEX) slipped 3.09 per cent to Rs 136.40 after the net profit went down at 8.4 per cent to Rs 71.20 crore on a 13.8 per cent decrease in net sales to Rs 95.20 crore in the second quarter of FY23 over the second quarter of FY22.

Profit before tax fell by 8.4 per cent to Rs 93.57 crore in the second quarter of FY23 over the second quarter of FY22. EBITDA de-grew 8.8 per cent YoY to Rs 97.6 crore at the end of the second quarter. Total operating expenses were Rs 16.2 crore in the second quarter of FY23.

Exchange-traded 23.1 BU electricity volume compared with 23.4 BU in the first quarter of FY23. The volume comprised 19.7 BU in the conventional power market, 1.9 BU certificates in the Renewable Energy Certificates (REC) Market and the Green Market segment 1.5 BU.

During the second quarter, the Indian Gas Exchange (IGX) price increased to 5.9 million MMBTU (metric million British thermal units) in terms of volume and the profit after tax was recorded at Rs 2.42 crore.

IEX is India’s premier energy exchange providing an automated trading platform for delivering renewable power, electricity, energy-saving and renewable energy certificates.