IEX Q3 Results: Cons net profit jumps 11% YoY to Rs 119 crore; co declares interim dividend – News Air Insight

Spread the love


Indian Energy Exchange on Thursday reported an 11% year-over-year increase in consolidated net profit to Rs 119.10 crore for the December quarter, supported by higher revenue, the company said in an exchange filing. Net profit in the year-ago October–December quarter stood at Rs 107.3 crore.

The board approved an interim dividend of Rs 1.50 per equity share, equivalent to 150% of the face value. The record date for shareholders entitled to receive the dividend is Wednesday, February 4.

Meanwhile, the consolidated revenue in the third quarter of FY26 increased 14% year-on-year to Rs 183.1 crore, from Rs 160.5 crore in the same period last year.

The company said its electricity trading volumes on the exchange rose 11.9% to 34.1 billion units during the December quarter.

Power prices, however, softened. The market-clearing price in the day-ahead market averaged Rs 3.22 per unit in Q3 FY’26, down 13.2% from a year earlier, while the real-time market price averaged Rs 3.26 per unit, a decline of 11.6%, the company said.


In the gas segment, Indian Gas Exchange traded 17.5 million MMBtu in Q3 FY26, up 8% from Q3 FY25. IGX reported a profit after tax of Rs 8.8 crore for the quarter, compared with Rs 8.3 crore a year earlier.

For the first nine months of FY26, IGX posted a profit after tax of Rs 32.5 crore, up 47.9% from Rs 22 crore in the corresponding period last year. The company said volumes at IGX are expected to remain robust as gas prices continue to trend lower and policy support remains positive.Also read: Vedanta Q3 Results: Profit surges 61% YoY to Rs 5,710 crore; revenue advances 37%

On the broader power sector front, prolonged monsoon conditions in 2025 weighed on electricity demand across the country, the company said. Electricity consumption during Q3 FY26 was flat at 392 billion units.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *