Indian Energy Exchange's Q2 FY 2025-26 Quarterly Results

Result Summary

• Indian Energy Exchange Ltd reported a 0.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 9.2%.
• Its expenses for the quarter were down by 17.8% QoQ and up 4.7% YoY.
• The net profit increased 2.2% QoQ and increased 13.9% YoY.
• The earnings per share (EPS) of Indian Energy Exchange Ltd stood at 1.39 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Indian Energy Exchange Ltd. (IEX) operates as an electricity exchange in India, providing a nationwide platform for trading electricity. The company facilitates the trading of electricity and associated products, offering a transparent, neutral, and automated marketplace for power transactions. IEX's primary product offerings include day-ahead market (DAM), term-ahead market (TAM), renewable energy certificates (RECs), and energy saving certificates (ESCerts). Being a pivotal player in the Indian energy market, IEX serves a wide range of participants, including state utilities, private generators, and large power consumers. Recent developments in India's energy policies, such as the push for renewable energy and reforms in electricity distribution, have significant implications for IEX's operations.

Revenue

In the second quarter of the fiscal year 2026, Indian Energy Exchange Ltd. reported a total income of ₹183.27 crores, marking a slight decrease of 0.5% from the previous quarter (Q1FY26), which recorded a total income of ₹184.18 crores. However, on a year-over-year basis, the total income increased by 9.2% from ₹167.77 crores reported in Q2FY25. This growth highlights a positive annual trend in revenue, suggesting an increase in trading activity on the exchange platform over the past year. The company’s revenue generation aligns with the broader dynamics of the power trading market in India, where demand fluctuations and policy changes can have direct impacts.

Profitability

The profitability metrics of Indian Energy Exchange Ltd. for Q2FY26 indicate a robust financial performance. The company achieved a profit before tax of ₹156.57 crores, reflecting a quarter-over-quarter growth of 3.2% from ₹151.71 crores in Q1FY26 and a year-over-year increase of 10.0% from ₹142.28 crores in Q2FY25. After accounting for taxes, the profit after tax stood at ₹123.35 crores, which is a 2.2% increase from the previous quarter and a 13.9% increase from the corresponding quarter in the previous year. Earnings Per Share (EPS) followed a similar pattern, rising to ₹1.39 from ₹1.36 in the last quarter and from ₹1.22 a year ago, demonstrating solid growth in the company’s profit distribution per share over the periods considered.

Operating Metrics

The total expenses for Indian Energy Exchange Ltd. in Q2FY26 were reported at ₹26.69 crores, which represents a significant decrease of 17.8% compared to ₹32.48 crores in Q1FY26. When compared to the same quarter in the previous year, the expenses showed a modest increase of 4.7% from ₹25.49 crores in Q2FY25. The reduction in quarter-over-quarter expenses could indicate efficient cost management or changes in operational activities during the quarter. The tax expense for the quarter was ₹37.75 crores, showing minimal change from ₹37.69 crores in the previous quarter and a slight increase of 2.5% from ₹36.84 crores in Q2FY25. These metrics collectively portray a picture of the company’s operational efficiency and its ability to manage costs while maintaining profitability.