IEX Indian Energy Exchange Q3 FY26 results (Oct–Dec 2025) and concall
IEX delivered a resilient performance in Q3 FY26 despite flat national electricity demand, driven by a 12% increase in trading volumes as lower exchange prices encouraged DISCOM optimization. The company is navigating significant regulatory headwinds regarding market coupling, with a verdict from APTEL expected within a month. Management remains focused on diversification through the Gas Exchange (IGX), the upcoming Carbon Exchange (ICX), and new products like Virtual Power Purchase Agreements (VPPAs).
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What they filed
Q3 FY26: revenue up 9.9%, net profit up 11.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 139 | 131 | 141 | 140 | 152 +9% | 144 +10% |
| EBITDA | 120 | 113 | 122 | 114 | 132 +10% | 120 +6% |
| Net profit | 106 | 103 | 112 | 113 | 122 +15% | 115 +12% |
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.
