| Management target | Revenue 15.0% FY30 |
|---|
| Revenue growth | FY26 consolidated revenue grew 13.6% YoY. |
|---|---|
| Margins | Strong operating margins maintained through asset-light platform model. |
| Demand visibility | Strong; peak demand expected to hit 388GW by FY32. |
| Management confidence | Confident, relying on deep customer integration via APIs. |
Growth
Electricity volumes grew 16% YoY; consolidated revenue rose 13.6% in FY26 to ₹747 Cr.
Outlook
Targeting 25% share of total generation by 2030; RTM volumes expected to grow 25-30% annually.
Risks
Regulatory implementation of market coupling remains the primary threat to IEX's dominant market share.
Last quarter's promises, checked
Delivered
- Electricity volume growth 15-20% → delivered 17% for FY26 (= BEAT)
- Coal production targets → delivered 1,041 million tons for FY26 (= BEAT)
- Renewable capacity sourcing 50% by 2030 → delivered 50% in FY26 (= BEAT)
Partly delivered
- Market Coupling challenge → legal status remains fluid/ongoing (= PARTIAL)
Missed
- IGX Q1 growth → delivered flat/no growth due to Middle East conflict (= MISS)
Earnings Call Transcript filed with BSE, NSE: IEX. Summary written with AI assistance from the document.
Indian Energy Exchange Ltd: key numbers
- Share price
- ₹105.85
- Market cap
- ₹9,439 Cr
- Revenue (annual)
- ₹615.6 Cr
- Net profit (annual)
- ₹492.9 Cr
- P/E (TTM)
- 18.6×Sector 21.9×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 12.63%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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