Why Is IEX Share Price Falling Today? Know What’s Behind Stock's Fizzled Out Performance Ahead of Q1

IEX Shares Today: Indian Energy Exchange (IEX) shares crashed nearly 15% to hit the lower circuit on Thursday as the electricity trading hub is facing the risk of losing its market monopoly after the latest market coupling update. IEX Q1 result is scheduled to be announced today.

IEX shares tanked nearly 15% to hit a lower circuit mark of Rs 159.70 per share on BSE on Thursday. IEX shares opened significantly lower at Rs 169.10 per share today and declined further to hit the lower circuit mark.

Why Are IEX Shares Falling Today?

IEX shares plunged significantly on Monday after the power regulator, Central Electricity Regulatory Commission (CERC), announced that it will implement the market coupling from 2026. The model will be implemented in a phased manner from next year onwards.

What is Market Coupling?

Market coupling is an economic model which ensures a uniform price for electricity across trading platforms or exchanges. It is widely used in energy markets. Under the new system, power exchanges will take turns acting as the market coupling operator. Grid-India will serve as a backup and audit operator.

How Market Coupling Will Impact IEX?

As of now, IEX is one of the country's most prominent platforms for electricity spot price discovery. As IEX is a dominant power exchange in the country, and enjoys a monopoly in the market. Consequently, the transaction cost at the platform is high.

The CERC said it would consider coupling the real-time market and other segments like the term-ahead market at a later stage, after more pilot runs and consultations.

IEX Share Price Today

IEX shares were trading 14.99% lower at Rs 159.7 per share on BSE on Thursday declining its market capitalisation to Rs 14,351.75 crore. The stock touched its 52-week low mark of Rs 151.05 per share reported in March 2025. Whereas, it had hit its 52-week high mark of Rs 244.35 per share on 29 September, 2024.

IEX share price valuation has has declined nearly 22.59% in two weeks. Whereas, the stock valuation has fallen by 11.43% since the beginning of the year 2025. However, the stock price has increased around 29% in two years.

IEX Q1 Result

The company will announces its first quarter result for the financial year 2025-26. IEX had reported a 21% increase in its consolidated net profit to Rs 117.11 crore in the March quarter of financial year 2024-25 driven by increased revenues. Its total income surged to Rs 174.59 crore, up from Rs 149.28 crore in the same quarter last year. For the fiscal year 2024-25, the company's consolidated net profit rose to Rs429.16 crore, compared to Rs ₹350.78 crore in the previous financial year.