IEX Reports Strong Q4 Performance with 10.8% Profit Growth and Record Electricity Volume
IEX posts PAT of Rs 129 crore in Q4; quarterly traded electricity volume rises to 39.4 BU
Business Standard
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The Indian Energy Exchange (IEX) reported a consolidated net profit of ₹129.77 crore for Q4 FY26, marking a 10.8% increase year-on-year. The quarterly traded electricity volume reached a record 39.4 billion units, reflecting a 24.3% rise compared to the previous year, driven by increased electricity demand and competitive fuel prices.
- 01IEX's consolidated net profit for Q4 FY26 reached ₹129.77 crore, up 10.8% YoY.
- 02Quarterly traded electricity volume hit a record 39.4 billion units, a 24.3% increase from Q4 FY25.
- 03The market clearing price in the day-ahead market fell by 13.7% to ₹3.86 per unit.
- 04IEX's total operating expenditure rose to ₹24.94 crore, up 19.2% YoY.
- 05The gas market also saw significant growth, with IGX trading a record 76.8 million MMBtu, a 28% increase YoY.
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The Indian Energy Exchange (IEX) has reported a consolidated net profit of ₹129.77 crore for the fourth quarter of FY26, reflecting a 10.8% increase compared to the same period last year. This growth was supported by a 22.5% rise in net sales, totaling ₹174.30 crore. The total operating expenditure for the quarter was ₹24.94 crore, marking a 19.2% year-on-year increase. Notably, IEX achieved its highest ever quarterly traded electricity volume of 39.4 billion units, which represents a 24.3% increase from Q4 FY25. For the entire fiscal year, IEX reported a consolidated net profit of ₹492.92 crore, up 14.9% from FY25. The electricity demand in India reached approximately 1,709 billion units, showing a growth of about 1% over the previous year, aided by ample fuel availability and competitive prices. The market clearing price in the day-ahead market decreased by 13.7% to ₹3.86 per unit, while the real-time market price dropped by 16% to ₹3.59 per unit. Additionally, the gas market also performed well, with IGX trading a record 76.8 million MMBtu, a 28% increase year-on-year, and achieving a profit after tax of ₹41.9 crore, up 35% from FY25.
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The increase in traded electricity volume and competitive pricing can lead to lower electricity costs for consumers, benefiting households and businesses alike.
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