Indian Energy Exchange reports strong Q2 FY’26 results

Indian Energy Exchange (IEX) reported unaudited standalone net profit after tax of Rs. 121.61 crore for Q2 FY’26, a 14.6% year-on-year increase, with consolidated net profit after tax rising 13.9% to Rs. 123.35 crore. Consolidated revenue for Q2 FY’26 reached Rs. 183.27 crore, up 9.2% from the previous year. Electricity volumes for Q2 FY’26 grew 16.1% year-on-year to 35.2 BUs, contributing to a total electricity volume of 67.6 BUs (+15.5%) for H1 FY’26. The real-time market (RTM) achieved a 36% share of electricity volumes in H1 FY’26, surpassing the day-ahead market (DAM) for the first time.

The company's investor presentation highlighted future growth levers including a projected increase in power consumption, large capacity additions in renewables and storage, and a favorable regulatory framework. The Indian Gas Exchange (IGX), an IEX venture, traded 161 lakh MMBtu in Q2 FY’26, a 36.6% growth over Q2 FY’25, and reported a profit after tax of Rs. 9.6 crore, up 57%.

The International Carbon Exchange (ICX) issued 38 lakh I-RECs in Q2 FY’26, bringing total issuances to 82 lakh in H1 FY’26, surpassing 59 lakh I-RECs issued in FY’25. Revenue for ICX in Q2 FY’26 was Rs. 1.9 crore, and H1 FY’26 revenue was Rs. 3.7 crore. These results underscore IEX's continued leadership in India's energy and carbon markets.