Key Financial Figures
Electricity Volume: 37.5 BUs in Q1 FY27, representing 15.9% YoY growth from Q1 FY26.
Revenue Performance:
- Consolidated Revenue: ₹202.8 crore in Q1 FY27, increased 10.1% from ₹184.2 crore in Q1 FY26
Profitability Metrics:
- Standalone Profit After Tax: ₹126.7 crore in Q1 FY27, increased 12.1% from ₹113.0 crore in Q1 FY26
- Consolidated Profit After Tax: ₹134.8 crore in Q1 FY27, increased 11.7% from ₹120.7 crore in Q1 FY26
Business Update
Power Sector Context:
- India experienced hotter-than-normal summer with persistent heatwaves and above-normal temperatures in Q1 FY27
- Peak power demand reached all-time high of 270.8 GW in May 2026
- Country's energy consumption reached 485.4 BUs in Q1 FY27, registering 8.8% YoY growth
Fuel Market Conditions:
- Coal production was nearly 233 MT in Q1 FY27
- Ample minehead inventory sufficient to meet peak summer demand
- Coal inventory at power plants was 17 days as of June 30, 2026
Market Price Trends:
- Day Ahead Market average price: ₹5.1/unit in Q1 FY27, increased 15.7% compared to Q1 FY26
- Real Time Market average price: ₹4.5/unit in Q1 FY27, increased 13.8% compared to Q1 FY26
Subsidiary Performance
Indian Gas Exchange (IGX):
- Traded gas volumes: 27.5 Million MMBtu in Q1 FY27, growth of 11.9% over Q1 FY26
- Profit After Tax: ₹16.3 crore in Q1 FY27, higher by 15.5% compared to ₹14.1 crore in Q1 FY26
- Filed DRHP for proposed IPO on July 14, 2026
- IEX holds 47.3% stake in IGX, which must be reduced to 25% as per PNGRB regulations
- The Offer comprises an offer for sale of 22.3% equity shares by IEX
International Carbon Exchange (ICX):
- Issued 42.4 lakh I-RECs in Q1 FY27 compared to 44.4 lakh I-RECs in Q1 FY26
- Revenue: ₹2.1 crore in Q1 FY27, compared to ₹1.8 crore in Q1 FY26, achieving 16.1% YoY growth
- I-REC is a globally recognized digital certificate serving as transferable proof of generation of 1 MWh of energy from renewable sources