IEX Q4 FY26 Earnings Call Transcript Released; Board Declares ₹2 Dividend
IEX reported Q4 FY26 consolidated revenue of ₹196.4 crores, up 12.5% YoY, with PAT at ₹129.8 crores, up 10.8%. Full-year FY26 PAT grew 14.9% to ₹492.9 crores. The company announced a final dividend of ₹2 per share. Electricity volumes rose 24.3% in Q4 FY26 to 39.4 billion units, and the RTM segment showed strong growth. IGX PAT was ₹9.4 crores in Q4 FY26.
The positive financial performance, strong volume growth across key segments, and a dividend announcement are material events for shareholders and the market, indicating healthy business operations and value distribution.
The company reported strong financial results with significant year-on-year growth in revenue and profit, alongside robust increases in traded volumes. The announcement of a dividend further contributes to positive sentiment.
Indian Energy Exchange Limited (IEX) has released the transcript of its earnings conference call held on April 24, 2026, to discuss the financial results for the quarter ended March 31, 2026 (Q4 FY26). The company reported a consolidated revenue growth of 12.5% year-on-year, reaching ₹196.4 crores in Q4 FY26, up from ₹174.6 crores in the same quarter last fiscal. Profit after tax (PAT) saw a 10.8% increase, rising to ₹129.8 crores from ₹117.1 crores year-on-year. For the full fiscal year 2026 (FY26), PAT grew by 14.9% to ₹492.9 crores from ₹429.2 crores in FY25.
During Q4 FY26, IEX recorded its highest ever quarterly traded electricity volume of 39.4 billion units, a 24.3% increase year-on-year. For the full year FY26, electricity volumes reached 141 billion units, up 17% year-on-year. The Real-Time Market (RTM) segment showed strong growth, with volumes up 48.2% in Q4 FY26 and 41% for the full year FY26, contributing 39% to the total electricity volumes on IEX. The Green Market segment also saw a significant increase, with volumes rising 26.5% in Q4 FY26 and 23% for the full year.
The Board of Directors has announced a final dividend of ₹2 per share, equivalent to 200% of the face value. The company is actively exploring opportunities in the coal exchange, with draft regulations from the Ministry of Coal expected to pave the way for its establishment. IEX's Indian Gas Exchange (IGX) completed five years of operations, trading 71.7 lakh Renewable Energy Certificates (RECs) in Q4 FY26, an increase of 6% over Q4 FY25. IGX reported a PAT of ₹9.4 crores in Q4 FY26, up 5.4% year-on-year.
Discussions during the call also covered regulatory updates, including proposed amendments to the Electricity Amendment Bill and CERC's draft regulations for market coupling, where Grid India is proposed to be the Market Coupling Operator (MCO). IEX has filed appeals regarding market coupling implementation and is awaiting CERC's final orders on several petitions, including those for extending the Term Ahead Market contract and introducing peak DAM and peak RTM segments.
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