Indian Energy Exchange (IEX) has announced robust financial results for the half-year and second quarter ended September 30, 2026. For H1FY’27, electricity volumes reached 77.2 BUs, a 14.2% YoY increase, with consolidated profit after tax rising 12.3% to ₹274.0 Crore. Q2FY’27 saw similar growth, with volumes at 39.7 BUs (12.7% YoY) and PAT up 12.9% to ₹139.2 Crore.
IEX Reports Strong Growth in H1FY’27 and Q2FY’27 Financials
Indian Energy Exchange Limited (IEX) has released its unaudited financial results for the half-year and second quarter ended September 30, 2026. The company has demonstrated significant year-on-year growth across key performance indicators.
H1FY’27 Performance Highlights
During the first half of fiscal year 2027 (H1FY’27), IEX recorded electricity volumes of 77.2 Billion Units (BUs), marking a substantial 14.2% increase compared to H1FY’26. Consolidated revenue for the period stood at ₹405.8 Crore, up 10.4% from ₹367.4 Crore in the prior year. Standalone Profit After Tax (PAT) grew by 10.6% to ₹259.5 Crore from ₹234.7 Crore. The consolidated PAT for H1FY’27 reached ₹274.0 Crore, an increase of 12.3% over ₹244.0 Crore in H1FY’26.
Q2FY’27 Performance Highlights
In the second quarter of fiscal year 2027 (Q2FY’27), electricity volumes were reported at 39.7 BUs, showing a 12.7% YoY growth. Consolidated revenue for the quarter increased by 10.7% to ₹203.0 Crore from ₹183.3 Crore in Q2FY’26. Standalone PAT saw a 9.2% increase to ₹132.8 Crore from ₹121.6 Crore. Consolidated PAT for Q2FY’27 rose by 12.9% to ₹139.2 Crore, up from ₹123.3 Crore in the same period last year.
Business Update
The power sector experienced sustained demand growth in H1FY’27, driven by industrial activity and irrigation needs. Power demand grew 10.2% YoY to 897 BUs. In Q2FY’27, elevated temperatures and a deficient monsoon further boosted electricity demand to 502 BUs, an 11.5% YoY increase. This surge led to a 46% rise in the average market clearing price in the Day-Ahead Market and a 49% increase in the Real-Time Market compared to Q2 FY’26.
On the fuel front, domestic coal production in H1FY’27 was 1.0% lower YoY. The Indian Gas Exchange (IGX) reported a 71% increase in traded gas volumes for H1FY’27 and a significant 160% growth in Q2FY’27. For H1FY’27, IGX’s PAT increased by 67.4% YoY to ₹39.7 Crore, and in Q2 FY’27, PAT was higher by 144% at ₹23.4 Crore.
ICX Pvt Ltd issued 94 lakh I-RECs in H1FY’27, a 15% growth, with revenue up 18.5%. In Q2 FY’27, ICX issued nearly 52 lakh I-RECs, a 38.4% growth, and revenue increased by 20.7%.
Source: BSE
