Indian Energy Ex
Indian Energy Ex Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
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The short version
IEX expects to maintain volume growth of 15% to 20% annually, supported by new capacity additions and increasing demand (Page 14). IEX expects volume growth of 15% to 20% annually, supported by new capacity additions and rising demand.
From Indian Energy Ex's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- IEX expects to maintain volume growth of 15% to 20% annually, supported by new capacity additions and increasing demand (Page 14).
- FY26 electricity volume rose 17% YoY to 141 billion units, with RTM volumes growing 41% and green market volumes up 23% YoY, indicating strong growth momentum (Page 6).
- Growth depends on external demand-supply factors outside the exchange's control (Page 14).
- Participation in green energy and renewable segments is increasing, contributing to volume growth (Page 17).
2 more points from Indian Energy Ex's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
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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
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Order Book & Pipeline
- It references ongoing capacity additions and demand increases supporting volume growth of 15-20% annually.
- The company is involved in new projects like Battery Energy Storage Systems (BESS) with tenders awarded for 30 GW under the second tranche, indicating a healthy pipeline.
- The first merchant BESS trades have begun, showing early commercialization.
- SECI tender under Contract for Difference (CfD) pilot indicates potential for increased battery capacity sales (e.g., 500 MW for 3-hour periods).
Indian Energy Ex — Quarterly revenue & net profit
Indian Energy Ex Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 172 | 141 | +22% | 144 | +19.4% |
| Operating profit (EBITDA) | 148 | 122 | +21.3% | 120 | +23.3% |
| Operating margin | 86% | 86% | 0 pp | 84% | +2 pp |
| Profit before tax | 163 | 147 | +10.9% | 151 | +7.9% |
| Net profit (PAT) | 124 | 112 | +10.7% | 115 | +7.8% |
| EPS (₹) | 1.39 | 1.26 | +10.3% | 1.29 | +7.8% |
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.
Full financials →Continue your research
What Indian Energy Ex's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Indian Energy Ex Q4 FY26 results?
IEX expects to maintain volume growth of 15% to 20% annually, supported by new capacity additions and increasing demand (Page 14). IEX expects volume growth of 15% to 20% annually, supported by new capacity additions and rising demand.
What is Indian Energy Ex share price analysis?
Indian Energy Ex currently shows a neutral. The stock trades at a P/E of 22.6 with a market cap of ₹11,030 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.