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IEX Q3 Results: Margins narrow despite 10% topline growth; Stock at 52-week lowIEX shares continue to trade near their 52-week low as the market coupling case continues to remain an overhang for the stock, aside of its financial performance.By Hormaz Fatakia   January 29, 2026, 1:46:55 PM IST (Updated)2 Min ReadShares of Indian Energy Exchange (IEX) continue to trade near their 52-week low, after the company reported its results for the December quarter on Thursday, January 29.

Net profit for the period grew by 11% year-on-year to ₹119 crore, while its revenue stood at ₹146 crore, a 10% growth from the ₹132 crore it reported during the same quarter last year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹122.3 crore, up 8% from last year's figure of ₹113.4 crore.

EBITDA margins remain stable at 84% from 85.9%.

In its business update for the December quarter, IEX had reported a 11.9% year-on-year growth in its electricity traded volume to 34.08 billion units.

Day-Ahead Market Volumes declined by 2.8% from last year to 16,250 million units, while real-time electricity market volume at 12,650 million units grew by 35.7% from last year's figure of 9,322 million units.

For the month of December, monthly electricity traded volume increased by 2.8% year-on-year, while Real-Time Electricity Market Volumes increased by 20.5% from last year.

Despite the financial performance, a key overhang that remains for IEX is the market coupling case, the proceedings for which are still underway at the Electricity Appellate Tribunal (APTEL).

Shares of IEX continue to remain near its 52-week low, currently trading 1.2% lower at ₹127.22. The stock is down 29% in the last 12 months.Continue ReadingFirst Published: Jan 29, 2026 1:37 PM ISTTagsIEXIndian Energy Exchange IEXQ3 resultsshare market today