IEX Q2FY27 Consolidated PAT Rises 12.9% to ₹139.2 Crore on Strong Volume Growth
Indian Energy Exchange (IEX) reported H1FY'27 consolidated PAT of ₹274.0 Crore, up 12.3% YoY, with electricity volumes at 77.2 BUs (+14.2%). Q2FY'27 consolidated PAT grew 12.9% to ₹139.2 Crore, as electricity volumes increased 12.7% to 39.7 BUs. IGX volumes surged 160% in Q2FY'27.
The announcement details significant financial results and operational performance for both the company and its subsidiaries, directly impacting investor perception and company valuation.
The company reported strong year-on-year growth in electricity volumes and consolidated profit after tax for both the half-year and the second quarter, indicating positive business performance.
Indian Energy Exchange Limited (IEX) announced its unaudited financial results for the half-year and second quarter ended September 30, 2026. The company reported significant growth in electricity volumes and consolidated profit after tax (PAT) for both periods.
For the half-year ended September 30, 2026 (H1FY’27), IEX achieved electricity volumes of 77.2 Billion Units (BUs), marking a 14.2% year-on-year increase. Consolidated revenue for H1FY’27 stood at ₹405.8 Crore, up 10.4% from ₹367.4 Crore in H1FY’26. Standalone PAT increased by 10.6% to ₹259.5 Crore from ₹234.7 Crore in the previous year. Consolidated PAT for H1FY’27 grew by 12.3% to ₹274.0 Crore from ₹244.0 Crore in H1FY’26.
In the second quarter ended September 30, 2026 (Q2FY’27), electricity volumes reached 39.7 BUs, a 12.7% year-on-year growth. Consolidated revenue for Q2FY’27 was ₹203.0 Crore, an increase of 10.7% from ₹183.3 Crore in Q2FY’26. Standalone PAT rose by 9.2% to ₹132.8 Crore from ₹121.6 Crore. Consolidated PAT for Q2FY’27 showed a robust growth of 12.9%, reaching ₹139.2 Crore from ₹123.3 Crore in the corresponding quarter of the previous year.
The business update highlighted a sustained demand growth in the power sector, with overall power demand growing 10.2% year-on-year to 897 BUs in H1 FY’27. In Q2’FY27, electricity demand reached a record 502 BUs, a 11.5% year-on-year increase. This surge in demand led to an increase in the average market clearing price in the Day-Ahead Market to ₹5.7/unit and in the Real-Time Market to ₹5.2/unit during Q2 FY’27, representing increases of 46% and 49% respectively compared to Q2 FY’26.
The Indian Gas Exchange (IGX), a subsidiary, traded gas volumes of 69.5 million MMBtu in H1FY’27, a 71% increase over H1 FY’26. In Q2FY’27, IGX traded 42 million MMBtu, a 160% growth. IGX recorded a profit after tax of ₹39.7 Crore in H1FY’27, up 67.4% YoY, and ₹23.4 Crore in Q2 FY’27, up 144% YoY.
ICX Pvt Ltd (formerly International Carbon Exchange) issued 94 lakh I-RECs in H1FY’27, a 15% growth, with revenue at ₹4.4 Crore, up 18.5% YoY. In Q2 FY’27, ICX issued 52 lakh I-RECs, a 38.4% growth, and revenue stood at ₹2.3 Crore, up 20.7% YoY.
Additionally, IEX's wholly owned subsidiary, Indian Coal Exchange Limited, applied for a licence with the Coal Controller Organisation in Q2FY’27.
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Indian Energy Exchange Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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