Indian Energy Exchange Reports Record FY26 Performance with 141 BU Electricity Volume, PAT Up 15%

Indian Energy Exchange (IEX) has announced its audited financial results for the financial year and fourth quarter ending March 31, 2026, reporting its highest-ever traded electricity volumes and strong growth in profitability.

For FY26, the exchange recorded a total traded electricity volume of 141.1 billion units (BU), marking a 17% year-on-year (YoY) increase. Consolidated profit after tax (PAT) stood at INR 492.9 crore, reflecting a 15% YoY growth. The Board of Directors has recommended a final dividend of INR 2 per equity share, equivalent to 200% of the face value.

On the financial front, consolidated revenue for FY26 rose to INR 747.0 crore from INR 657.4 crore in FY25, registering a growth of 13.6%. Standalone revenue reached INR 744.9 crore, while standalone PAT increased to INR 473.7 crore, up 14.2% YoY. The company also reported record Renewable Energy Certificate (REC) trading volumes, with 187.2 lakh RECs traded during the year, up 5%.

In Q4 FY26, IEX achieved its highest-ever quarterly traded electricity volume of 39.4 BU, reflecting a 24.3% YoY growth. Consolidated PAT for the quarter stood at INR 129.8 crore, up 10.8% YoY, while consolidated revenue increased to INR 196.4 crore, registering a 12.5% growth compared to the same period last year.

Providing an overview of the power sector, the company noted that India’s total electricity demand reached approximately 1,709 BU in FY26, growing around 1% YoY. Strong supply from renewable and thermal sources, along with improved fuel availability, contributed to higher market liquidity and a decline in power prices. The average market clearing price in the Day-Ahead Market fell to INR 3.86 per unit, down 13.7% YoY, while the Real-Time Market price declined 16% to INR 3.59 per unit.

On the gas trading front, Indian Gas Exchange (IGX) recorded its highest-ever traded volume of 76.8 million MMBtu in FY26, reflecting a 28% YoY growth, with PAT rising 35% to INR 41.9 crore. Meanwhile, Indian Carbon Exchange (ICX) issued 179 lakh I-RECs during the year, registering over 200% growth. ICX’s revenue increased to INR 7.7 crore, up 126% YoY.

The results highlight IEX’s continued growth trajectory, supported by rising demand, improved supply dynamics, and expanding activity across electricity, gas, and carbon markets.