IEX Latest Updates

$IEX Record Q1 FY27 Power Volumes Driven by intense summer heatwaves and peak national electricity demand hitting an all-time high of 270.8 GW, IEX achieved a traded power volume of 37,534 million units (MU) in Q1 FY27, marking a 15.9% year-on-year growth. In the month of June 2026 alone, trading volumes rose 12.5% YoY to hit 12,210 MU. Segment Breakdown & Market Pricing The Real-Time Market (RTM) was the fastest-growing power segment in Q1, with volumes jumping 23.5% YoY to 16,019 MU. Owing to tight demand-supply dynamics during June, spot electricity prices hardened considerably; the average market clearing price in the Day-Ahead Market (DAM) rose 32.4% YoY to ₹5.2 per unit, while the RTM price increased 17% to ₹4.4 per unit. Sharp Slump in REC Trading In contrast to the rising electricity volumes, trading in Renewable Energy Certificates (RECs) experienced a major contraction. For the full Q1 FY27 quarter, REC volumes plummeted 81.4% YoY to 9.77 lakh certificates due to a sharp drop in sell bids and limited certificate availability, though clearing prices stabilized between ₹395 and ₹400 per certificate during June. Subsidiary & Diversification Milestones The group's gas trading arm, the Indian Gas Exchange (IGX), completed five years of operations, reporting a full-year FY26 net profit of ₹41.9 crore (+35% YoY) on record volumes of 76.8 million MMBtu. Concurrently, the IEX Board has given in-principle approval to explore setting up a dedicated coal exchange, contingent on final logistics and structural coal regulations from the central ministries. FY26 Annual Financial Summary During its full-year earnings wrap-up for the fiscal year ended March 31, 2026, the exchange reported a 14.9% increase in consolidated net profit (PAT) to ₹493 crore, on the back of an annual operational revenue of ₹747 crore (+13.6% YoY). This performance was anchored by an exceptionally capital-light operating structure, maintaining an EBITDA margin above 85%.