Indian Energy Exchange Q2 FY27 Results: Consolidated Net Profit ₹139 Crore on Total Income of ₹203 Crore

Earnings
power exchange

Blacklitt Research29 October 20262 min read

Tall steel electricity transmission pylons and power lines crossing dry scrub land under a blue sky. — Wilfredor, via Wikimedia Commons (CC0). Illustrative image.

Indian Energy Exchange (NSE: IEX) reported consolidated total income of ₹202.96 crore and net profit of ₹139.24 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹206.79 crore and net profit of ₹132.83 crore, it said in a filing on 29 Oct 2026.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹202.96 crore, up 10.7% YoY and 0.1% QoQ
Net profit and EPS: ₹139.24 crore, up 12.9% YoY and 3.3% QoQ; basic EPS ₹1.56
Other income: ₹35.86 crore, up 22.2% YoY and down 20.2% QoQ

Standalone

The company on its own, without its subsidiaries

Total income: ₹206.79 crore, up 10.7% YoY and 3.0% QoQ
Net profit and EPS: ₹132.83 crore, up 9.2% YoY and 4.8% QoQ; basic EPS ₹1.50
Profit before tax: ₹174.49 crore, up 8.9% YoY

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	202.96	183.27	+10.7%	202.81	+0.1%
Revenue from operations	167.10	153.92	+8.6%	157.88	+5.8%
Other income	35.86	29.34	+22.2%	44.93	-20.2%
	139.24	123.35	+12.9%	134.76	+3.3%
Finance costs	0.68	0.53	+27.1%	0.77	-11.6%
Depreciation	6.15	5.69	+7.9%	6.01	+2.3%
Net profit margin	68.60%	67.30%	+1.30 pp	66.44%	+2.16 pp
EPS, basic (₹)	1.56	1.39	+12.2%	1.52	+2.6%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew faster than total income. Other income is 17.7% of total income this quarter.

Finance costs of ₹0.68 crore are 0.3% of total income, against ₹0.53 crore a year earlier. The notes say the consolidated results include ICX Private Limited and Indian Coal Exchange Limited (w.e.f. 01 Jun 2026) and the associate Indian Gas Exchange Limited. The share in profit of associate for the quarter is ₹11.05 crore. The filing does not give the effect of Indian Coal Exchange Limited on results.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	206.79	186.74	+10.7%	200.85	+3.0%
Revenue from operations	165.03	152.24	+8.4%	155.93	+5.8%
Other income	41.77	34.49	+21.1%	44.92	-7.0%
	132.83	121.61	+9.2%	126.69	+4.8%
Profit before tax	174.49	160.28	+8.9%	168.30	+3.7%
Finance costs	0.68	0.53	+27.1%	0.77	-11.6%
Depreciation	6.14	5.69	+7.9%	6.00	+2.2%
Tax expense	41.65	38.67	+7.7%	41.61	+0.1%
Net profit margin	64.23%	65.13%	-0.89 pp	63.08%	+1.16 pp
EPS, basic (₹)	1.50	1.37	+9.5%	1.42	+5.6%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Other income is 20.2% of total income and 23.9% of profit before tax of ₹174.49 crore.

Standalone net profit is ₹6.41 crore lower than consolidated net profit. The standalone tax expense of ₹41.65 crore is 23.9% of profit before tax. The filing does not give the reason for the change in other income between the quarters.

The company is a registered power exchange with a single operating segment. A final dividend of ₹2 per equity share of face value ₹1 for FY2025-26 was approved at the 20th AGM on 9 Sep 2026 and paid during the quarter. Standalone dividend paid, net of ESOP trust dividend received, was ₹177.99 crore for the half year. No ESOP options were exercised in the period.

Inference

The filing shows the final dividend for FY2025-26 was paid in the period, with the statutory auditor's review reporting no modification for both sets of results. The record date of the dividend is not stated, and the filing does not give the reason for the deferred tax credit in the quarter.

Reference: Original filing (PDF)

Sign up to continue reading

Create a free account to read the rest of this article and the analysis that follows.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Indian Energy Exchange Q2 FY27 Results: Consolidated Net Profit ₹139 Crore on Total Income of ₹203 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

Sign up to continue reading

Disclaimer:

Latest posts

STL Networks Q2 FY27 Results: Consolidated Net Loss ₹16.13 Crore on Total Income of ₹274 Crore

RPG Life Sciences Q2 FY27 Results: Standalone Net Profit ₹23.29 Crore on Total Income of ₹197 Crore

Alldigi Tech Q2 FY27 Results: Consolidated Net Profit ₹26.58 Crore on Total Income of ₹156 Crore

Care Ratings Q2 FY27 Results: Consolidated Net Profit ₹72.37 Crore on Total Income of ₹180 Crore