IEX Q4 results: Cons PAT rises 11% to Rs 130 crore, revenue up 13% on record electricity volumes

Indian Energy Exchange (IEX) reported a steady performance in Q4FY26, posting a consolidated net profit of Rs 130 crore, an 11% growth over the profit after tax (PAT) of Rs 117 crore in the year ago period. Revenue in the January-March quarter of FY26 stood at Rs 196 crore, up nearly 13% from Rs 175 crore in the same quarter of the previous financial year.

The company’s double-digit bottom-line and topline growth stems from the highest-ever quarterly traded electricity volume of 39.4 BU in Q4FY26, an uptick of 24.3% year-over-year, the company filing said. Additionally, 71.71 lakh RECs traded during the quarter under review, recording a 6.1% growth.

On a standalone basis, revenue came in at Rs 194 crore, up 13% YoY, while PAT stood at Rs 124 crore, rising 11% YoY.

The company’s board of directors today approved a final dividend of Rs 2 per share and has set Friday, May 15 as the record date to determine shareholders’ eligibility. The dividend will be paid within 30 days following approval from the company’s shareholders at the Annual General Meeting (AGM).

FY26 highlights

For the full year, IEX delivered double-digit growth across key metrics. Consolidated revenue grew 13.6% YoY to Rs 747 crore, while PAT increased 14.9% YoY to Rs 492.9 crore.

Electricity traded volume for FY26 stood at a record 141.1 BU, up 17% YoY, while REC volumes hit an all-time high of 187.2 lakh, rising 5% YoY.

IEX said that during FY26, enhanced wind, hydro, solar generation along with sustained supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a substantial decline in DAM and RTM prices.

For FY26, the Market Clearing Price in the Day Ahead Market stood at Rs 3.86/unit, declining 13.7% compared to FY25. Similarly, the Market Clearing Price in the Real-Time Market at Rs 3.59/unit during FY26 declined 16% compared to FY25.

On the gas market front, IGX traded its highest-ever gas volumes of 76.8 million MMBtu in FY26, a growth of 28% YoY. IGX recorded a profit after tax of Rs 41.9 crore in FY26, 35% higher than Rs 31 crore in FY25.

During FY’26, ICX issued 179 lakh I-REC, recording a growth of over 200% compared with FY25. ICX generated revenue of Rs 7.7 crore in FY26, compared to Rs 3.4 crore in FY25, achieving 126% YoY growth.

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