Indian Energy Exchange Sees Profits Soar Amid Rising Revenues and Market Expansion
Indian Energy Exchange reported a significant revenue increase, driving its net profit up by over 25 per cent in the June quarter. The company recorded increased electricity volumes and renewable energy certificate trades while keeping power prices competitive. The Indian Gas Exchange also saw remarkable growth in gas trading volumes.
- Country:
- India
In the June quarter, Indian Energy Exchange (IEX) reported a consolidated net profit of Rs 120.69 crore, up over 25 per cent from the same period last year, driven by higher revenues, according to a recent regulatory filing.
The power trading company's total income increased to Rs 184.17 crore, marking a substantial rise from Rs 154.47 crore the previous year. Notably, electricity volumes reached 32.4 billion units in Q1FY26, reflecting a 14.9 per cent year-on-year increase, while trading of renewable energy certificates surged by 149.3 per cent YoY.
The first quarter of FY26 also saw enhanced supply liquidity in the Day Ahead Market (DAM), growing by 45.2 per cent YoY, leading to competitive power pricing. On the gas market front, the Indian Gas Exchange (IGX) achieved record volumes, growing 109 per cent from the prior year, boosted by higher demand from oil and city gas companies.
(With inputs from agencies.)
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