Indian Energy Exchange (IEX) Q1 2026 Earnings Call July 25, 2025 05:00 AM ET Company ParticipantsRohan Gheewala - Senior ManagerRohit Bajaj - Joint MDSumit Kishore - Executive DirectorKunal Thanvi - Assistant Fund Manager & Head - ResearchDevesh Agarwal - Vice PresidentLokesh Manik - Research AssociateMohit Kumar - Vice PresidentSubhadip Mitra - Executive DirectorConference Call ParticipantsBharanidhar Vijayakumar - Lead Equities AnalystNone - AnalystPrateek Jain - Investment AnalystRushabh Shah - AnalystKe ...

Indian Energy Exchange (IEX) Q1 2026 Earnings Call July 25, 2025 05:00 AM ET Speaker0Ladies and gentlemen, good day, and welcome to Indian Energy Exchange Q1 FY twenty six earnings conference call hosted by Axis Capital Limited. As a reminder, all participant lines will be in listen only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touch tone phone ...

IEX Performance and Market Position - IEX's electricity volume in Q1 FY26 reached 32.4 Billion Units (BU), a 15% increase, while FY25 saw 121 BU, an 18.7% increase, and FY24 had 101.7 BU, a 12.3% increase[30] - Renewable Energy Certificates (RECs) traded on IEX in Q1 FY26 amounted to 53 Lakh, a 150% increase, and FY25 saw 178 Lakh, a 136% increase[30] - Collectives (DAM, RTM, G-DAM) constitute approximately 75% of IEX's total volumes[33] - Total Revenue for Q1 FY26 was ₹120.2 Cr, with EBITDA at ₹164.4 Cr and PAT at ₹117.1 Cr[70] - IEX is India's first carbon-neutral power exchange since FY22[73] Energy Sector Transition and Growth Drivers - India has achieved 50% share of non-fossil fuel in installed electricity generation capacity 5 years ahead of the 2030 target[17] - Thermal energy generates 72% of India's electricity, while renewables contribute 25%[14] - IEX expects significant volume growth based on business as usual, with further growth anticipated from additional levers[41] - By FY30, India's power demand is forecasted to reach approximately 2,300 BU[41] - The Ministry of Coal (MoC) aims to produce 1.3 billion tonnes of domestic coal by FY26 and 1.5 billion tonnes by FY30[58] Indian Gas Exchange (IGX) Performance - IGX has over 45 registered members and over 200 registered clients[78] - IGX yearly volumes in FY25 reached 60 Million MMBTU, while Q1 FY26 saw 24.6 Million MMBTU[81] - IGX anticipates its share in overall gas consumption to increase from the current 2% to 4-5% by 2030, reaching approximately 250 Million MMBTU, with a CAGR of approximately 36%[89]