IEX Q1 Results: Revenue rises 14.7% to Rs 141.75 crore, Net profit jumps 25% YoY
Electricity volume traded on the exchange stood at 32.4 billion units (BU), marking a 15% YoY growth, while the volume of Renewable Energy Certificates (RECs) traded surged 149% YoY to 52.7 lakh units.
On a standalone basis, IEX reported a PAT of Rs 113 crore, up 21% from Rs 93.4 crore in the same quarter last year.
Despite initial concerns over summer demand, an early monsoon and unseasonal rains led to a lower-than-expected peak power demand. The average Day-Ahead Market (DAM) price dropped 16% YoY to Rs 4.41/unit, while the Real-Time Market (RTM) price declined 20% YoY to Rs 3.91/unit due to improved liquidity and higher renewable supply.
The Indian Gas Exchange (IGX), a wholly owned subsidiary of IEX, also recorded strong growth, with gas volumes at 24.6 million MMBtu, up 109% YoY. IGX PAT rose 86.7% YoY to Rs 14.1 crore.
Another subsidiary, the International Carbon Exchange (ICX), issued over 44 lakh I-RECs in Q1 FY26, with revenue at Rs 1.79 crore.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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