IEX reported a strong Q2 FY25 with consolidated revenue of ₹167.8 crore (+26.2% YoY) and PAT of ₹108.3 crore (+25.2% YoY).
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CERC is conducting pilot studies on market coupling; if implemented, it could reduce IEX's dominance. Management expressed confidence it won't happen but acknowledged potential impact.
medium · analyst_questionApproval for the 11-month contract and Green RTM is pending with CERC, with no clear timeline, delaying potential volume growth.
medium · management_commentaryREC volume growth relies on state regulators enforcing RPO compliance; weak enforcement could limit demand despite lower prices.
medium · management_commentary