Indian Energy Exchange Limited Earnings Summary — Q1 FY2027
IEX Reports Solid Growth in Q1 FY2027 with Consolidated Net Profit Up 11.6% YoY
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 9.4% sequentially in Q1 FY2027.
- Revenue of ₹158 Cr is 11.4% higher year-on-year.
- Revenue has compounded at 12.4% annualised over the last 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹135 Cr is 11.6% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 15.9% annualised across the period.
- Operating margin stands at 82.9% in Q1 FY2027.
- Operating margin expanded by 158 bps year-on-year.
- Over the last two years operating margin has expanded by 253 bps.
- PBT margin is 112.0%.
- Expense growth of 1.9% remained below revenue growth of 11.4%.
- Operating profit of ₹131 Cr is 13.5% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 75/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 158 | 174 | 146 | 154 | 142 | 142 | 132 | 139 | 124 | 121 |
| Expenses | Improving | 27 | 25 | 24 | 20 | 26 | 21 | 19 | 20 | 24 | 17 |
| Operating Profit | Improving | 131 | 149 | 122 | 133 | 115 | 121 | 113 | 120 | 99 | 105 |
| Operating Margin | Stable | 82.9% | 85.7% | 83.7% | 86.7% | 81.3% | 85.3% | 85.7% | 86.0% | 80.4% | 86.2% |
| Other Income | Accelerating | 53 | 27 | 42 | 34 | 49 | 37 | 32 | 31 | 34 | 30 |
| Interest | Accelerating | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | Stable | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit Before Tax | Improving | 177 | 169 | 157 | 161 | 158 | 152 | 139 | 145 | 128 | 129 |
| Tax | Improving | 42 | 39 | 38 | 38 | 38 | 35 | 32 | 37 | 31 | 32 |
| Net Profit | Improving | 135 | 130 | 119 | 123 | 121 | 117 | 107 | 108 | 96 | 97 |
| Net Margin | Stable | 85.4% | 74.5% | 81.8% | 80.1% | 85.2% | 82.3% | 81.3% | 77.7% | 78.0% | 79.7% |
Key Takeaways
- Consolidated revenue from operations grew 11.4% year-on-year to ₹15,788 lakhs for the quarter ended June 30, 2026.
- The company's associate, Indian Gas Exchange (IGX), contributed ₹771.88 lakhs to the quarterly profit, showing substantial growth from ₹668.26 lakhs YoY.
- Total expenses saw a moderate increase of 3.8% YoY, primarily driven by higher employee benefit expenses.
- Other income surged significantly to ₹4,493 lakhs, providing a substantial boost to the overall bottom line during the quarter.
- Operating margins remain healthy above 78%, despite a slight sequential compression due to seasonal revenue fluctuations.
- The company continues to expand its ecosystem, formally incorporating Indian Coal Exchange Limited as a subsidiary effective June 1, 2026.
Management Guidance
Management is focused on diversifying revenue streams through new segments such as the Carbon and Coal markets to mitigate regulatory risks in traditional electricity trading.
Sentiment Shift
Stable
Steady double-digit growth in PAT and EPS, combined with improving contributions from associates, offsets sequential revenue volatility.
Outlook
The outlook remains constructive as IEX scales its Green Market and Real-Time Market segments while preparing for the operational launch of its Coal and Carbon exchange subsidiaries.
From the Annual Report (Key Quotes)
“The Company is a registered power exchange and the same constitutes a single operating segment.”
“Indian Coal Exchange Limited [was included] w.e.f 01 June 2026.”
“The meeting of the Board of Directors... concluded at 04:07 P.M. on the same day.”
Official Quarterly Documents
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This summary is AI-generated from Indian Energy Exchange Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.