IEX Q3 Results: Margins Narrow Despite Topline Growth; Stock Hits 52-Week Low

• Indian Energy Exchange (IEX) reported an 11% year-on-year net profit growth to ₹119 crore for the December quarter.
• Revenue increased by 10% to ₹146 crore, up from ₹132 crore in the same quarter last year.
• EBITDA grew 8% to ₹122.3 crore, with EBITDA margins stable at 84% compared to 85.9% previously.
• Electricity traded volume saw an 11.9% year-on-year growth, reaching 34.08 billion units.
• Despite financial performance, the ongoing market coupling case at APTEL remains a key concern, keeping the stock near its 52-week low.

Why It Matters: IEX Q3 shows profit and revenue growth, but narrowing margins and market coupling case keep stock at 52-week low.