Indian Energy Exchange (IEX) Q1 25/26 earnings summary

Executive summary

• Q1 FY 2026 delivered robust financial and operational performance, with strong YoY growth in revenue, PAT, and trading volumes across electricity, green, and gas segments, despite subdued power demand due to early monsoons and unseasonal rains.

• Maintained sector leadership in technology, customer engagement, ESG, and regulatory relationships, including India's first carbon-neutral power exchange and strong governance ratings.

• Board approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2025, and appointed M/s MNK and Associates LLP as Secretarial Auditors for five years, subject to AGM approval.

Financial highlights

• Q1 FY'26 consolidated revenue reached ₹429.2 Cr, EBITDA at ₹164.4 Cr, and PAT at ₹133.8 Cr; standalone revenue from operations was ₹13,998.81 lakhs, with net profit at ₹11,304.09 lakhs.

• Revenue grew 19.2% YoY to INR 184.2 crore in Q1 FY 2026.

• PAT increased 25.2% YoY to INR 120.7 crore.

• Other income rose sharply due to mark-to-market gains from target maturity fund investments and NIFTY 50 index fund performance.

• IGX profit after tax was INR 14.1 crore, up 86.7% YoY.

Outlook and guidance

• Power demand is expected to grow at 6% per annum till 2032, with peak demand forecasted at 366 GW by 2032.

• Anticipates significant volume growth driven by rising power demand, electrification, regulatory reforms, and new products, with IGX targeting a market share increase to 4-5% by 2030.

• Board recommended a final dividend of ₹1.5 per equity share for FY25, subject to shareholder approval at the AGM.

• Diversification initiatives, including carbon and coal exchanges, are progressing.