IEX · Financial Services
Indian Energy Exchange Ltd. reported revenue of ₹156 cr for April to June 2026, — on the year and — on the quarter.
Operating profit (EBITDA) was ₹130 cr, a margin of 83.5%, — on the year and — on the quarter.
Net profit was ₹127 cr, — on the year and — on the quarter, with earnings per share of ₹1.42.
Most power earnings are regulated returns on equity, with fuel costs passed through, so revenue can swing with fuel prices while profit moves far less. The quarterly statements do not carry plant load factor, capacity added and regulated equity; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Metric | Q1 FY27 | Q2 FY26 |
|---|---|---|
| Generation (BU) | 37.5 | 35.2 |
| Average Market Clearing Price DAM (₹/unit) | — | 3.9 |
| Average Market Clearing Price RTM (₹/unit) | — | 3.5 |
| IGX Traded Gas Volume (million MMBtu) | — | 16.15 |
| ICX I-RECs Issued (lakh) | — | 37.57 |
Read using the Power and utilities framework (named in the filing read). Primary valuation lens: P/B against allowed RoE.
Read more closely in this sector: Regulatory receivables and late payment surcharge · Capacity announced against commissioned.
| Q2 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|
| Revenue | ₹152 cr | ₹156 cr | ₹165 cr |
| YoY | — | — | +8% |
| EBITDA margin | 86.7% | 83.5% | 84.6% |
| Other income, % of PBT | 22% | 27% | 24% |
| Exceptional items | — | — | — |
| Tax rate | 24% | 25% | 24% |
| Net profit | ₹122 cr | ₹127 cr | ₹133 cr |
| YoY | — | — | +9% |
| Core profit YoY | — | — | +6% |
| EPS | ₹1.37 | ₹1.42 | ₹1.50 |
| Flags | · | · | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Indian Energy Exchange Ltd. reported revenue of ₹156 cr (— on the year) and net profit of ₹127 cr (— on the year) for April to June 2026.
None of the 2 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.