IEX Indian Energy Exchange Q2 FY26 results (Jul–Sep 2025) and concall
IEX delivered a strong operational quarter with 16% volume growth, driven by a significant shift toward the Real-Time Market (RTM). While revenue growth lagged volume due to a reduction in REC transaction fees, profitability remained robust with 14% PAT growth. Management faces regulatory milestones regarding market coupling (Jan 2026) and IGX stake divestment (Dec 2025), though they are seeking extensions for the latter.
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What they filed
Q2 FY26: revenue up 9.4%, net profit up 15.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 139 | 131 | 141 | 140 | 152 +9% |
| EBITDA | 120 | 113 | 122 | 114 | 132 +10% |
| Net profit | 106 | 103 | 112 | 113 | 122 +15% |
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.
