IEX delivered robust double-digit volume growth in Q1FY27, driven by sharp RTM expansion and cooling energy prices. Management remains confident despite looming regulatory threats around market coupling.
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.
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.
IEX delivered record quarterly volumes but management is managing significant regulatory anxiety around market coupling. The company's expansion into coal and carbon markets reflects a strategic pivot as core power exchange dominance faces potential disruption.