Indian Energy Exchange (IEX) has announced its unaudited consolidated financial results for the first quarter (Q1) of financial year (FY) 2025-26, ending June 30, 2025. The company reported a consolidated profit after tax (PAT) of Rs 1.21 billion, marking a 25.2 per cent year-on-year (YoY) increase from Rs 964 million in Q1 FY 2024-25. Consolidated revenue stood at Rs 1.84 billion, up by 19.2 per cent from Rs 1.54 billion in Q1 FY 2024-25. On a standalone basis, PAT rose by 21 per cent YoY to Rs 1.13 billion from Rs 934 million in Q1 FY 2024-25. During Q1 FY 2025-26, electricity volumes traded on the exchange reached 32.4 billion units, reflecting a YoY growth of 14.9 per cent. Additionally, 5.27 million renewable energy certificates were traded in Q1 FY 2025-26, representing an YoY increase of 149.3 per cent.
India’s peak power demand touched 242 GW in June 2025. In response, the Ministry of Power extended Section 11 of the Electricity Act to mandate operation of imported coal-based plants, activated gas-based capacity, and ensured adequate domestic coal supply. However, due to early monsoon and widespread unseasonal rainfall, actual electricity consumption reached 446 billion units in Q1 FY 2025-26, 1.3 per cent lower compared to Q1 FY 2024-25. India’s coal production remained steady at 247 million tonnes during Q1 FY 2025-26, and coal inventory stood at a high of 25 days as of mid-July 2025. With improved hydro and wind generation alongside consistent coal supply, supply liquidity on the power exchange rose, keeping prices competitive. Liquidity in the day-ahead market (DAM) increased 45.2 per cent YoY. Consequently, the average DAM price declined by 16 per cent YoY to Rs 4.41 per unit, while the real-time market averaged Rs 3.91 per unit, down by 20 per cent from Q1 FY 2024-25.
In the gas segment, the Indian Gas Exchange (IGX) recorded a 109 per cent YoY growth in traded volumes, reaching 24.6 million MMBtu in Q1 FY 2025-26. The increase was led by higher demand from oil marketing and city gas distribution companies. IGX reported a PAT of Rs 141 million, up 86.7 per cent from Rs 76 million in Q1 FY 2024-25. Additionally, IEX’s wholly owned subsidiary, International Carbon Exchange (ICX), issued over 4.4 million international renewable energy certificates in Q1 FY 2025-26, compared to 5.9 million issued during the previous full FY 2024-25. ICX recorded a revenue of Rs 17.88 million in Q1 FY 2025-26.
