Monopoly stock jumps after reporting strong business growth in February

Synopsis: Shares of a leading power exchange rose about 2% after reporting strong February performance, with electricity traded volume reaching 12,550 MU, up 30.4% YoY. Day-Ahead Market volume stood at 6,588 MU, while Real-Time Market surged 51.7% to 4,379 MU, indicating strong trading activity. 

The shares of the power exchange company jumped up to 2 percent in today’s trading session from an intraday low after the company reported strong growth in February 2026, with electricity traded volume reaching 12,550 MU.

With a market capitalization of Rs 10,734.61 crore, the shares of Indian Energy Exchange Ltd were trading at Rs 119.45 per share, increasing around 0.80 percent as compared to the previous closing price of Rs 118.50 apiece.

Business Update

The shares of Indian Energy Exchange (IEX) have seen positive movement after reporting a strong performance in February 2026, with electricity traded volume reaching 12,550 MU, reflecting a 30.4% year-on-year growth. The Day-Ahead Market recorded 6,588 MU, up 22.7%, while the Real-Time Market surged 51.7% YoY to 4,379 MU. Additionally, the exchange achieved its highest daily average electricity volume of 448 MU during the month.

Meanwhile, despite rising power consumption of 133 BUs in India, electricity prices declined due to higher supply liquidity on exchanges. The average Day-Ahead Market price fell 18.3% YoY to  Rs 3.58 per unit, while Real-Time Market prices dropped 18.7% to  Rs 3.59. Consequently, lower prices enabled discoms and industrial consumers to procure power at more competitive rates. 

Dismissal of Plea

Recently, APTEL dismissed its petition challenging CERC’s market coupling direction. The tribunal permitted CERC to proceed with framing regulations, while allowing the company to file a fresh plea if new grievances arise. The development has raised concerns over potential regulatory changes impacting market structure and trading volumes.

Earlier, CERC filed its final affidavit before APTEL in the market coupling case, describing IEX as monopolistic and alleging that its plea aimed to preserve entrenched market power through litigation. The regulator argued that the appeal was not maintainable since it challenged a “direction” rather than a formal order.

CERC clarified that the coupling direction was part of a consultative, pre-legislative process intended only to initiate market coupling. It stated that the reclassification from “order” to “direction” was valid and that the appeal could not be used to stall regulatory progress, reinforcing its authority to proceed.

Financials

The company reported a 9% year-on-year rise in revenue from  Rs 131 crore in Q3FY25 to  Rs 144 crore in Q3FY26. Net profit increased 12% from  Rs 103 crore to  Rs 115 crore. The consistent growth in both topline and bottom line highlights steady operational performance and improving earnings momentum during the quarter.

Between Dec 2024 and Dec 2025, operating performance remained robust. Operating profit moved from  Rs 113 crore in Dec 2024 to  Rs 120 crore in Dec 2025, after touching  Rs 122 crore in Mar 2025,  Rs 114 crore in Jun 2025, and peaking at  Rs 132 crore in Sep 2025. OPM stayed strong between  84% to 87%, respectively.

Indian Energy Exchange Limited is India’s leading electronic power trading platform, facilitating transparent and efficient trading of electricity, renewable energy certificates, and related products. Established to modernize India’s power market, it connects generators, distribution companies, and consumers nationwide, enabling competitive price discovery and improved grid management.

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