Indian Energy Exchange Q2 FY26: PAT Grows By 13.8% YoY to ₹12,334 Lakh, Revenue Increases By 10.4%

New Delhi, October 30, 2025: Indian Energy Exchange Limited (NSE: IEX | BSE: 540750) reported a consolidated net profit of ₹12,334.67 lakh for the quarter ended September 30, 2025 (Q2 FY26), marking a 13.8% year-on-year increase from ₹10,832.37 lakh in the same period last year. Sequentially, profit rose 2.2% from ₹12,069.67 lakh in Q1 FY26, underscoring steady operational performance despite muted trading activity in certain segments.

Despite the positive earnings performance, the share price of Indian Energy Exchange closed 3.57% lower at ₹143.35 in Thursday’s trade, with a market capitalisation of approximately ₹14,300 crore. The stock hit an intraday high of ₹149 and a low of ₹140, as investors booked profits following the results announcement.

Financial and Operational Highlights

Total income increased 9.2% YoY to ₹18,326.81 lakh, while revenue from operations increased 10.4% YoY to ₹15,392.49 lakh, driven by higher volume participation in day-ahead and real-time markets. Profit before tax improved to ₹16,109.91 lakh from ₹14,516.15 lakh a year ago.

Employee benefit expenses declined to ₹1,184.33 lakh, while finance costs reduced to ₹53.29 lakh, indicating effective cost management and operational efficiency. Although depreciation and amortisation expenses edged up to ₹569.46 lakh, other expenses saw a sharp decline to ₹862.37 lakh from ₹1,415.15 lakh in Q1 FY26, further supporting the company’s profitability during the quarter.

Quarterly and Half-Yearly Performance

IEX registered a total comprehensive income of ₹12,373.18 lakh for Q2 FY26, against ₹10,842.93 lakh in the same quarter of last year. Its EPS increased to ₹1.39 from ₹1.22 a year ago. During the first half of FY26, total revenues stood at ₹29,567.63 lakh, an increase of 12.4% YoY, while net profit was up 19.2% at ₹24,404.34 lakh.

Overview of Management

The company attributed the growth to consistent trading activity in the short-term power market and improved realization rates. Cost optimization and stable margins supported profitability, despite macroeconomic headwinds and lower industrial consumption in select regions.

REF: https://nsearchives.nseindia.com/corporate/IEX_30102025162411_Signed_BM_Outcome_Q2Sep25.pdf

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