Indian Energy Exchange (IEX) reported a robust set of numbers for the quarter ended June 30, 2025 (Q1 FY26), with consolidated profit after tax (PAT) rising 25% year-on-year to Rs 120.7 crore, up from Rs 96.4 crore in Q1 FY25. The consolidated revenue grew 19% YoY to Rs 184.2 crore during the quarter.
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.
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