IEX FY26 profit rises 14.9% as volumes hit record 141.1 BU

Indian Energy Exchange (IEX) reported audited results for the quarter and year ended March 31, 2026, with record electricity traded volumes and double-digit growth in profitability.

For FY26, consolidated Profit After Tax (PAT) rose 14.9% year-on-year to Rs 492.9 crore from Rs 429.2 crore in FY25. Standalone PAT increased 14.2% to Rs 473.7 crore. Consolidated revenue grew 13.6% to Rs 747.0 crore.

In Q4FY26, consolidated PAT increased 10.8% year-on-year to Rs 129.8 crore, supported by a 12.5% rise in revenue to Rs 196.4 crore.

IEX recorded its highest-ever annual electricity traded volume of 141.1 Billion Units (BU) in FY26, up 17% year-on-year. Quarterly volumes also reached a record 39.4 BU in Q4FY26, a 24% increase, supported by strong supply-side liquidity and lower market clearing prices.

Market conditions remained favourable during the year. Coal production reached 1,041 million tonnes, supporting adequate fuel availability. Higher generation from wind, hydro, and solar sources improved sell-side liquidity. The Market Clearing Price in the Day-Ahead Market declined 13.7% year-on-year to Rs 3.86 per unit, while the Real-Time Market price fell 16% to Rs 3.59 per unit.

Indian Gas Exchange (IGX), a subsidiary of IEX, reported its highest annual gas trading volume of 76.8 million MMBtu, up 28% year-on-year. Its PAT rose 35% to Rs 41.9 crore. In the carbon segment, International Carbon Exchange (ICX) recorded a 126% increase in revenue and issued 179 lakh International Renewable Energy Certificates (I-RECs).

The Board of Directors declared a final dividend of Rs 2 per equity share, equivalent to 200% of face value, for FY26.

IEX indicated continued growth potential, supported by rising electricity demand, introduction of longer-duration contracts, regulatory support for market development, and ongoing energy transition trends. The exchange also commenced merchant Battery Energy Storage System (BESS) trades during the quarter.