IEX Indian Energy Exchange Q1 FY26 results (Apr–Jun 2025) and concall
IEX delivered a strong operational quarter with double-digit growth in volumes and profitability, driven by robust demand and improved sell-side liquidity. However, the call was dominated by the recent CERC order mandating market coupling for the Day Ahead Market by January 2026, which poses a structural risk to IEX's dominant market share. Management remains confident in their technological moat and customer loyalty while evaluating legal and strategic responses to the regulatory shift.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 139 | 131 | 141 | 140 |
| EBITDA | 120 | 113 | 122 | 114 |
| Net profit | 106 | 103 | 112 | 113 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
