| Management target | Revenue 15.0% FY30 |
|---|
| Revenue growth | FY26 consolidated revenue grew 13.6% YoY. |
|---|---|
| Margins | Strong operating margins maintained through asset-light platform model. |
| Demand visibility | Strong; peak demand expected to hit 388GW by FY32. |
| Management confidence | Confident, relying on deep customer integration via APIs. |
Growth
Electricity volumes grew 16% YoY; consolidated revenue rose 13.6% in FY26 to ₹747 Cr.
Outlook
Targeting 25% share of total generation by 2030; RTM volumes expected to grow 25-30% annually.
Risks
Regulatory implementation of market coupling remains the primary threat to IEX's dominant market share.
Last quarter's promises, checked
Delivered
- Electricity volume growth 15-20% → delivered 17% for FY26 (= BEAT)
- Coal production targets → delivered 1,041 million tons for FY26 (= BEAT)
- Renewable capacity sourcing 50% by 2030 → delivered 50% in FY26 (= BEAT)
Partly delivered
- Market Coupling challenge → legal status remains fluid/ongoing (= PARTIAL)
Missed
- IGX Q1 growth → delivered flat/no growth due to Middle East conflict (= MISS)
Earnings Call Transcript filed with BSE, NSE: IEX. Summary written with AI assistance from the document.
Indian Energy Exchange Ltd: key numbers
- Share price
- ₹112.70
- Market cap
- ₹10,049 Cr
- Revenue (annual)
- ₹615.6 Cr
- Net profit (annual)
- ₹492.9 Cr
- P/E (TTM)
- 19.8×Sector 22.0×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 12.63%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Indian Energy Exchange Ltd
All →Indian Energy Exchange Capacity Expansion
IEX's subsidiary, Indian Coal Exchange Limited, applied to the Coal Controller Organisation for a Coal Exchange license. The application awaits regulatory scrutiny and approval.
Indian Energy Exchange Annual General Meeting
IEX filed proceedings of its 20th AGM held September 9, 2026. Shareholders approved Rs. 3.50 per share total dividend and reappointed Mr. Gautam Dalmia as director.
Indian Energy Exchange Business Update
IEX recorded its highest ever monthly electricity traded volume of 13.94 BU in August 2026, marking a 20.2% year-on-year increase. The company's market segments showed broad growth.
Indian Energy Exchange Investor Presentation: Key Takeaways
IEX reported FY26 consolidated PAT of INR 493 Cr with electricity volumes at 141 BU. Strategy focuses on diversifying through gas (IGX), carbon (ICX), and coal exchanges.
Indian Energy Exchange Q1 FY27 Results: Net Profit ₹134.8 Cr, Up 11.7% YoY
Indian Energy Exchange Ltd reported revenue from operations of ₹157.9 Cr (+11.4% YoY) and net profit of ₹134.8 Cr (+11.7% YoY) for Q1 FY27.
- Key figure
- Net profit ₹134.8 Cr · +11.7% YoY
Indian Energy Exchange Earnings Call: Key Takeaways
IEX reported record quarterly traded electricity volume of 39.4 BU, up 24.3% YoY. Consolidated revenue grew 12.5% to ₹196.4 crores, and PAT rose 10.8% to ₹129.8 crores in Q4 FY26.