Latest news with #IGX
Time of India
a day ago
- Business
- Time of India
Gas price index up 19% in May; IGX trade volume dips 5% on weak power demand
New Delhi: India's Gas IndeX of India (GIXI) for May 2025 rose 19 per cent year-on-year to ₹1,016 or USD 11.9 per million British thermal units (MMBtu), tracking an increase in international spot gas benchmarks, according to data released by the Indian Gas Exchange (IGX) . The GIXI recorded a 5 per cent decline on a month-on-month basis due to lower demand and higher supply. High inventory levels among marketers, who had anticipated increased demand from the power sector, coincided with lower actual power demand following an early monsoon and a peak of 231 GW, lower than the expected 260 GW-plus. Internationally, the Dutch TTF benchmark rose 16 per cent year-on-year to USD 11.7 per MMBtu and was up 2 per cent month-on-month. The West India Marker (WIM) climbed 8 per cent year-on-year to USD 13 per MMBtu ex-Dahej. The US Henry Hub (HH) benchmark rose 43 per cent year-on-year to USD 3.45 per MMBtu. Trade volumes on IGX declined 5 per cent year-on-year to 4.7 million MMBtu or 118 million standard cubic metres (MMSCM) in May 2025. Free market gas accounted for 80 per cent of the traded volume, while 20 per cent was High Pressure High Temperature (HPHT) domestic gas traded at the ceiling price of ₹861 or USD 10.04 per MMBtu. A total of 140 trades were executed in May. The most active delivery points were Chhara for free market gas and Mallavaram for ceiling price gas. Other active points included Dahej, Mhaskal, KG Basin, Bokaro, Bhadbhut, Hazira, Dabhol, and Ankot. Of the total trades, 44 were in Day-Ahead contracts, 39 in Daily, 24 each in Monthly and Fortnightly, 8 in Weekly, and 1 in Intraday contracts. Exchange-managed deliveries amounted to 7.9 million MMBtu, or approximately 6.4 MMSCMD. Shapoorji Pallonji Energy Private Limited joined IGX as a proprietary member during the month, taking the total number of registered members to 50. GIXI-West for May was recorded at ₹1,025 or USD 12 per MMBtu, 1 per cent higher than the all-India index. GIXI-East and GIXI-South were lower by 13 per cent and 8 per cent respectively, owing to transmission and tax differentials. GIXI-Dahej was steady month-on-month at ₹1,016 or USD 11.9 per MMBtu, trading at a 9 per cent or USD 1 per MMBtu discount to WIM ex-Dahej. IGX currently offers trades at 17 delivery points comprising five LNG terminals, nine domestic gas field landfall points, and three pipeline interconnection points. It supports trading in seven spot contracts—intraday, day-ahead, daily, weekday, weekly, fortnightly, and monthly (up to 12 months)—and two long-duration contracts of 3 and 6 months linked to benchmarks such as GIXI, JKM, WIM, and Dated Brent.
Time of India
25-04-2025
- Business
- Time of India
IEX shares in focus after PAT jumps 21% YoY; co achieves highest quarterly traded electricity volume
The shares of India Energy Exchange ( IEX ) may grab investor attention on Friday after reporting a 21.1% YoY increase in its profit after tax (PAT) at Rs 117.1 crore and also achieved its highest ever quarterly traded electricity volume of 31.7 BU in Q4FY'25. The company's profit is comparable to Rs 96.7 crore reported in the corresponding quarter of the previous fiscal year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One Simple Spray = Sharper, Clearer Sound in Seconds Stop Hearing Loss Learn More Undo IEX's consolidated revenue in Q4FY25 also increased by 17% YoY to Rs 174.6 crore, up from Rs 149.3 crore in Q4 FY24. For the financial year ended March 2025, the company's consolidated revenue surged 19.3% YoY to Rs 657.4 crore from Rs 550.8 crore in the year-ago period. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. While declaring the results for the fourth quarter of the financial year 2025, the company's board has also announced a dividend of Rs 1.5 per share. On the gas market front, IGX traded the highest ever gas volumes of 60 million MMBtu in FY'25, a growth of 47% YoY. The profit after tax for IGX increased 34.3% from Rs 23 crore in FY24 to Rs 31 crore in FY'25. In Q4FY'25, IGX traded a total volume of 20.2 million MMBtu as compared to 8.7 million MMBtu in Q4FY24, a growth of 132% YoY. Live Events The profit after tax for IGX for Q4FY25 came in at Rs 8.9 crore, compared with Rs 4.4 crore in Q4 FY24, a growth of 102.9% YoY. Also read: Indian market to emerge stronger from global trade shake-up: Daljeet Kohli IEX share price performance Over the past 1 year, the shares of IEX have delivered a strong return of 23.98%. On a year-to-date (YTD) basis, it has gained 5.80%, while the 6-month return stands at 3.53%. In the last 3 months, the stock has appreciated by 12.60%, and over the past 1 month, it has recorded a 7.10% increase. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
24-04-2025
- Business
- Business Upturn
IEX Q4FY25: Revenue rises 17% YoY to Rs 142 crore; profit surges 21% YoY to Rs 117 crore
Indian Energy Exchange Ltd (IEX) reported its highest-ever quarterly and annual performance, with strong growth in electricity volumes, renewable energy certificate (REC) trades, and profitability for the period ended 31 March 2025. In the fourth quarter (Q4FY25), IEX recorded revenue of ₹174.6 crore, a 17% increase from ₹149.3 crore in the same period last year. Consolidated profit after tax for the quarter rose 21.1% year-on-year to ₹117.1 crore, compared to ₹96.7 crore in Q4FY24. On a standalone basis, Q4 profit was up 17.8% to ₹112 crore. The exchange also achieved its highest ever quarterly traded electricity volume of 31.7 billion units (BU), representing an 18.1% year-on-year growth, alongside a record 68 lakh RECs traded during the quarter, up 108%. For the full financial year FY25, IEX posted a consolidated revenue of ₹657.4 crore, an increase of 19.3% from ₹550.8 crore in FY24. Consolidated net profit surged 22.3% to ₹429.2 crore, compared to ₹350.8 crore a year ago. On a standalone basis, FY25 profit stood at ₹414.6 crore, up 21.4% year-on-year. The board of directors announced a final dividend of ₹1.5 per share, equivalent to 150% of the face value. On the sectoral front, India's power demand hit 1,694 BUs in FY25, rising 4.4% YoY, while coal production and dispatch to the power sector rose 5% and 5.9%, respectively. The average market clearing price in IEX's Day Ahead Market (DAM) stood at ₹4.47/unit in FY25, down 14.7% YoY from ₹5.24/unit due to a 36% increase in sell-side liquidity. The company's gas platform, IGX, also posted its highest ever traded volume of 60 million MMBtu, growing 47% YoY. IGX's FY25 profit increased to ₹31 crore, up 34.3% YoY, while Q4FY25 profit doubled to ₹8.9 crore from ₹4.4 crore in Q4FY24. IEX's subsidiary ICX, India's first accredited International Renewable Energy Certificate (I-REC) issuer, also recorded exponential growth, issuing 59.27 lakh I-RECs and generating revenue of ₹3.41 crore in FY25, up from ₹32 lakh in FY24. News desk at
