Total income stood at Rs 132.97 crore, registering a growth of 16.88% year on year during the quarter.

EBITDA increased 19.4% to Rs 116.4 crore in Q2 FY24 as compared to Rs 97.5 crore in Q2 FY23.

Total volume jumped by 14.6% year on year to 26.5 billion units (BU) in Q2 FY24. This volume includes 24.07 BU from the conventional power market and 747.64 MU from the Green Market segment. The Exchange also traded 13.91 lakh Renewable Energy Certificates (REC), equivalent to 1391 MU, and 2.79 lakh ESCerts, equivalent to 279 MU.

Power demand was higher than anticipated for the monsoon months, with peak power demand reaching nearly 240 GW in September first week. States like Maharashtra, Uttar Pradesh, Gujarat, and Tamil Nadu witnessed soaring demand this quarter.

On the fuel side, India's coal production increased by a robust 16.2 % YoY to reach 205 million tonnes in Q2 FY24 and E-auction coal premium continued its decline since the beginning of this financial year. This improved supply side scenario resulted in increased sell liquidity but an unexpected surge in power demand kept prices higher on the Exchange during the second quarter.

The average market clearing price in the DAM segment during Q2 FY24 period was Rs 5.88 per unit compared with Rs 5.40 per unit in the same quarter last year, higher by nearly 9% over Q2FY23.

On the gas market front, in Q2FY24, the Indian Gas Exchange (IGX) generated total volumes of 195 lakhs MMBtu during Q2 of FY24, a jump of 262% over the same quarter last fiscal. The volume jump was largely on the back of increased domestic gas volumes and decreased gas prices compared with spot prices (WIM).

On the power sector front, electricity consumption in India for Q2 FY24 stood at 435.8 BU, registering a growth of 13% YoY.

Indian Energy Exchange is a power exchange, licensed by the central electricity regulatory commission (CERC) for spot trading in power / electricity and trading of renewal energy certificate (REC) and energy saving certificates (ESCerts).