Latest: Indian Energy Ex Q2 FY27 (Jul–Sep 2026) results →This page is Q2 FY26 (Jul–Sep 2025).All Q2 FY26 results →
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Indian Energy Ex

Q2 FY26Capital Markets

Indian Energy Ex Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹124
Market cap₹11.1K Cr
P/E22.8
Updated23 Aug 2026
Read3 min read

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The short version

Electricity traded volumes grew by 16% in H1 FY '26 despite flat overall power demand, indicating strong market growth potential. Electricity volume growth in Q2 FY'26 was 16%, with expected growth for the remaining year to be 15%-20%.

From Indian Energy Ex's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Electricity traded volumes grew by 16% in H1 FY '26 despite flat overall power demand, indicating strong market growth potential.
  • Management expects volume growth of 15-20% for the remaining period of FY '26.
  • For FY '27, volume growth is expected to be similar (~20%), contingent on sector demand, weather, and economic growth.
  • Long-term, the company aims to sustain an average ~20% volume growth, supported by India's growing economy and increasing electrification (e.g., EVs, data centers, battery storage).
  • Revenue growth in the short term may be moderated by product mix changes and fee adjustments but overall positive with volume growth.

2 more points from Indian Energy Ex's call on revenue

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Profitability & Margins

See what Indian Energy Ex said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

See what Indian Energy Ex said on capital expenditure plans — free account, 30 seconds.

Top-ranked in Capital Markets

Ranked on what management guided this quarter

Guidance-ranked
1BSE
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Indian Energy Ex said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

It provides insights into ongoing developments and regulatory processes that could influence future volumes and business: - Government and regulator efforts are creating favorable policy and regulatory climate supporting the energy sector's development. - Several regulatory matters are ongoing, such as market coupling orders, approval of carbon trading regulations, extension petitions for equity stakes in IGX, and petitions for term ahead market contract extensions.

2 more points from Indian Energy Ex's call on order book

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Indian Energy Ex — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Indian Energy Ex Q2 FY26 results — key figures

Indian Energy Ex Q2 FY26 reported results vs Q2 FY25, ₹ crore
₹ CrQ2 FY26Q2 FY25YoYQ1 FY26QoQ
Revenue152139+9.4%140+8.6%
Operating profit (EBITDA)132120+10%114+15.8%
Operating margin87%86%+1 pp81%+6 pp
Profit before tax160143+11.9%150+6.7%
Net profit (PAT)122106+15.1%113+8%
EPS (₹)1.361.19+14.3%1.27+7.1%

Source: reported quarterly figures (Screener), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹165 Cr, net profit ₹133 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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🔎 Who's planning the most growth?

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Frequently Asked Questions

What were Indian Energy Ex Q2 FY26 results?

Electricity traded volumes grew by 16% in H1 FY '26 despite flat overall power demand, indicating strong market growth potential. Electricity volume growth in Q2 FY'26 was 16%, with expected growth for the remaining year to be 15%-20%.

What is Indian Energy Ex share price analysis?

Indian Energy Ex currently shows a neutral. The stock trades at a P/E of 22.8 with a market cap of ₹11,124 Cr. Investors should review the full earnings analysis for detailed insights.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.