Indian Energy Exchange Limited held an earnings conference call with analysts and investors on October 30, 2026, to discuss the company's financial results for the quarter ended September 30, 2026 (Q2 FY27). The call was hosted by Axis Capital Limited.

The event was an interactive Q&A session following opening remarks from management. The stated purpose was to discuss Q2 FY27 financial performance and provide a business update.

Management Participants:

  • Mr. Satyanarayan Goel – Chairman and Managing Director
  • Mr. Rohit Bajaj – Joint Managing Director
  • Mr. Vineet Harlalka – Chief Financial Officer and Company Secretary
  • Ms. Aparna Garg – Head, Investor Relations and Corporate Communications
  • Mr. Amit Kumar – Head of Operations, New Product Initiatives and Technology
  • Mr. Aditya Wali – Investor Relations

The transcript of this conference call was attached to the regulatory filing and is also available on the company's website at www.iexindia.com.

The company did not indicate that any unpublished price sensitive information (UPSI) would be shared during the call.

Financial Period Discussed: Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (first half of FY27).

Financial Highlights from Management Commentary:

  • Electricity trading volume: 39.7 billion units in Q2 FY27 (12.7% YoY growth)
  • H1 FY27 electricity volume: 77 billion units (14.2% YoY growth)
  • Revenue: INR 203 crores in Q2 FY27 (10.7% YoY growth from INR 183.3 crores)
  • Profit after tax: INR 139 crores in Q2 FY27 (12.9% YoY growth from INR 123 crores)
  • RTM segment share: 42% of electricity volume at IEX
  • REC trading: 15.3 lakh certificates in Q2 FY27 (significantly lower than 44 lakh in Q2 FY26)

IGX Performance:

  • Gas volumes: 42 million MMBtu in Q2 FY27 (160% YoY growth)
  • H1 FY27 gas volume: 70 million MMBtu (71% YoY growth)
  • PAT: INR 23.4 crores in Q2 FY27 (144% YoY growth from INR 9.6 crores)
  • H1 FY27 PAT: INR 39.7 crores (67.4% YoY growth)
  • IPO process remains on track to reduce IEX holding from 47.3% to 25% by December 2026

ICX Performance:

  • I-REC issuance: 52 lakhs in Q2 FY27 (38.4% YoY growth)
  • H1 FY27 issuance: 94 lakhs (15% YoY growth)
  • Revenue: INR 2.3 crores in Q2 FY27 (20.8% YoY growth)
  • H1 FY27 profit: INR 2.7 crores

Regulatory and Business Updates:

  • Market coupling implementation timeline estimated at 1.5-2 years after regulations are finalized
  • CERC discussion paper proposes reducing RTM auction window from 15 to 5 minutes
  • CERC amendments provide transmission charges waiver for battery energy storage systems
  • CEA draft amendment proposes co-located energy storage for solar and wind projects
  • Draft procedures issued for carbon credit certificate trading
  • Indian Coal Exchange Limited incorporated as wholly owned subsidiary, license applied for with Coal Controller Organisation
  • Ministry of Mines notified final regulations for mineral exchange

Additional Notes Section

The regulatory filing included the complete transcript of the earnings conference call as an attachment.

The announcement itself did not disclose any financial data beyond what was summarized in the management's opening remarks during the call. All financial figures mentioned were derived from the attached transcript of the actual earnings call.