IEX share price rebounded sharply on Friday, jumping over 12% in early trade, partially recovering from the previous session’s steep decline. IEX share price surged as much as 12.11% to ₹148.50 apiece on the BSE.
On Thursday, July 24, IEX share price had plunged nearly 30%, marking its seventh consecutive session of decline. The sell-off was triggered after the Central Electricity Regulatory Commission (CERC) announced the implementation of market coupling from next year.
Post market hours on Thursday, Indian Energy Exchange (IEX) reported its financial results for the first quarter of FY26. The company posted a 25% year-on-year (YoY) increase in consolidated net profit to ₹120 crore, compared to ₹96 crore in the same quarter last year.
The company’s revenue in Q1FY26 increased 19% to ₹184.2 crore from ₹154 crore, year-on-year (YoY).
Electricity volumes during the June quarter increased 15% to 32.4 billion units (BU). The exchange said trading of renewable energy certificates (RECs) jumped 149.3% YoY with 52.7 lakh RECs traded during the quarter.
At 9:35 AM, IEX share price was trading 12.04% higher at ₹148.40 apiece on the BSE.
