IEX Q3 Results: Profit Rises, But FII Selling & Margin Dip Keep Shares Under Pressure

• Indian Energy Exchange (IEX) reported a consolidated profit increase from ₹108 crore to ₹119 crore and revenue growth from ₹132 crore to ₹145 crore in Q3.
• EBITDA also grew from ₹113 crore to ₹122 crore, indicating operational strength.
• Despite profit growth, the EBITDA margin declined from 85.7% to 83.7%, raising investor concerns about future profitability.
• IEX shares experienced a roller-coaster ride post-results, initially dipping before recovering slightly, but still trading down by about 1%.
• Continuous selling by Foreign Institutional Investors (FIIs) (stake reduced from 16.24% to 11.41%) and a 29% share price drop over the past year contribute to investor caution.

Why It Matters: IEX Q3 shows profit and revenue growth, but declining margins and FII selling pressure shares.