In Short : IEX reported a 25.2% year-on-year jump in Q1 consolidated profit to ₹120.7 crore, driven by a 14.9% rise in traded power volumes to 32.4 BU. Revenue increased 19.2% to ₹184.2 crore. REC trading surged 149% to 52.7 lakh certificates. Enhanced market liquidity softened prices, while DAM, RTM and green segments continued to gain traction, supporting higher participation from industrial consumers.
In Detail : The Indian Energy Exchange (IEX) posted strong performance in the first quarter of FY26, with a 25.2% year-on-year increase in consolidated net profit, reaching ₹120.7 crore. The growth was supported by higher trading volumes and increased participation across market segments.
Total electricity volumes traded on the exchange stood at 32.4 billion units in Q1, marking a 14.9% rise compared to the same period last year. The uptick in volume was driven by robust demand from industrial and commercial users.
Revenue from operations also grew significantly, rising 19.2% to ₹184.2 crore. This reflects the healthy increase in transaction activity across various energy trading platforms, including the Day-Ahead Market (DAM), Real-Time Market (RTM), and Green Market segments.
One of the standout performers during the quarter was the Renewable Energy Certificate (REC) market. IEX saw a sharp 149.3% year-on-year rise in REC volumes, with 52.7 lakh certificates traded during Q1.
The Green Day-Ahead Market and Green Term-Ahead Market segments also witnessed growing traction, as more participants sought cleaner energy procurement options to meet sustainability goals and regulatory mandates.
Improved power market liquidity contributed to softening of average market clearing prices, making energy more affordable for buyers and boosting overall market participation.
The Real-Time Market continued to provide flexibility and helped balance grid operations by enabling buyers to procure electricity closer to delivery time. It remained a vital platform for managing short-term power needs efficiently.
The exchange noted increasing adoption of market-based mechanisms by large industrial consumers and distribution companies, which is contributing to a more competitive and transparent energy marketplace.
IEX remains optimistic about future growth, citing ongoing reforms in the power sector, increasing renewable energy integration, and rising awareness around energy efficiency as key drivers for sustained performance.
