Indian Energy Exchange posts 25% profit jump despite weak demand

Indian Energy Exchange recorded electricity trading volume of 32.4 billion units in Q1 FY26, up 15% year-on-year, despite lower-than-expected power demand. Revenue rose 19.2% to INR 184.2 crores while profit after tax jumped 25.2% to INR 120.7 crores.

Real-time market volumes surged 41% to nearly 13 billion units, while green market volume increased 51% to 2.7 billion units.

Associate company IGX posted record gas volumes of 24.6 million MMBtu, up 109%, with profit rising 86.7% to INR 14.1 crores.