# IEX (IEX) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/iex

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹115.46
- Change: +1.82%
- As of: 2026-09-18
- 1D return: +1.82%
- 5D return: -1.00%
- 1M return: -6.40%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹115.46, indicating a predominantly bearish technical stance across daily, weekly, and monthly timeframes. All observed moving averages and the Supertrend indicator are positioned above the current price on the daily, weekly, and monthly charts, suggesting downward pressure. Recent weekly chart formations include an active Hammer and an active Harami pattern, which can sometimes signal potential reversals, but these are occurring within a broader bearish trend.

The nearest support level is observed at ₹115.19, a mere 0.23% below the current price, followed by ₹114.66. Overhead resistance is noted at ₹116.54, approximately 0.93% above the current price, with further resistance at ₹143.89. The stock's current position is closer to its recent lows, with a distance of 0.03% from the available low in the range.

Recent market activity shows a slight increase in downside events over the past 30 days, with one extreme anomaly on September 4, 2026, characterized by high participation but no clear direction. The stock exhibits annualized volatility of 40% and a current drawdown of 45%, indicating elevated risk. Key watch conditions include monitoring the ₹115.19 support level for potential breaches and observing if the price can sustainably move above the nearest resistance at ₹116.54.

- The stock's technical posture is bearish across daily, weekly, and monthly timeframes as of September 18, 2026.
- Nearest support is at ₹115.19 (0.23% below current price), with resistance at ₹116.54 (0.93% above current price).
- Active weekly patterns include a Hammer and a Harami, occurring within a bearish trend.
- The stock has 40% annualized volatility and a current drawdown of 45%.
- Watch for a break below ₹115.19 support or a sustained move above ₹116.54 resistance.

- Hammer
- Harami
- Morning Star
- Doji
- Inside Bar
- Bullish Engulfing Reversal

### News Context

The National Stock Exchange (NSE) is preparing for its Initial Public Offering (IPO) with its debut on the Bombay Stock Exchange (BSE) scheduled for September 24, 2026. On September 17, 2026, the IPO, valued at ₹22,569 crore, saw 22% subscription on its first day, with the retail investor portion reaching 24% subscription. The grey market premium indicated a potential 9% listing gain. Brokerages have expressed positive sentiment towards NSE, citing its market leadership and profitability, while also noting potential risks related to valuation, regulatory factors, and reliance on derivatives trading. The listing is expected to enhance BSE's market presence and revenue, with analysts suggesting that increased investor activity and institutional investment could create larger opportunities beyond immediate trading revenue.

- NSE's ₹22,569 crore IPO was 22% subscribed on Day 1 (September 17, 2026), with retail portion at 24%.
- Grey market premium suggested a 9% listing gain for NSE shares.
- Brokerages cited NSE's market leadership and profitability positively, but cautioned on valuation and regulatory risks.
- NSE is set to list on the BSE on September 24, 2026.
- The NSE listing is anticipated to boost BSE's market presence and revenue potential.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- NSE IPO impact on BSE explained: How the mega listing may benefit a rival
- NSE IPO Day 1: Issue subscribed 22% in early hours; GMP signals 9% listing gain. Should you subscribe?

### What Changed

The Indian Energy Exchange (IEX) has seen its share price move from ₹113.4 to ₹115.46 as of September 18, 2026. This represents a modest increase in its trading value. Recent news includes commentary on the broader energy sector, with a report from PL Capital suggesting potential upside in stocks like CESC, NTPC, and Power Grid, while also mentioning Adani Energy, Coal India, and Tata Power in relation to upcoming power transmission projects. Separately, a news item discussed the anticipated impact of the NSE IPO on BSE, scheduled for September 24, 2026, noting potential benefits for BSE through increased investor activity and institutional investment, though a direct revenue boost from trading NSE shares is seen as modest. No new filings from IEX were reported in the recent developments.

- As of September 18, 2026, IEX's share price was ₹115.46, up from ₹113.4.
- A September 18, 2026, report from PL Capital provided outlooks for various energy stocks, including CESC, NTPC, and Power Grid.
- News on September 18, 2026, highlighted the upcoming NSE IPO on BSE on September 24, 2026, and its potential market impact.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- NSE IPO impact on BSE explained: How the mega listing may benefit a rival

### Official Filings

Indian Energy Exchange Limited (IEX) has announced its 20th Annual General Meeting (AGM) is scheduled for September 9, 2026, to be held via video conferencing. Key items on the agenda include the adoption of audited financial statements for the year ended March 31, 2026, and the approval of dividends. Shareholders will consider a final dividend of ₹2 per equity share and an interim dividend of ₹1.50 per share for FY25-26. The company also reported its highest-ever monthly electricity traded volume in August 2026, reaching 13.94 billion units (BU), a 20.2% increase year-over-year. The Real-Time Market volume saw a 10.6% year-over-year increase to 5.56 BU. In contrast, Renewable Energy Certificates (RECs) traded declined significantly by 86.6% year-over-year, with 2.91 lakh RECs traded during the month. IEX also held several investor meetings in August 2026 to discuss the business landscape for FY'27, confirming no unpublished price-sensitive information would be shared.

- 20th AGM scheduled for September 9, 2026, via video conference.
- Proposed final dividend of ₹2 per equity share and interim dividend of ₹1.50 per share for FY25-26.
- August 2026 electricity traded volume reached a record 13.94 billion units, up 20.2% year-over-year.
- Real-Time Market volume in August 2026 was 5.56 billion units, up 10.6% year-over-year.
- Renewable Energy Certificates traded in August 2026 declined 86.6% year-over-year to 2.91 lakh units.

- MEETING DATE : 09-SEP-2026
- Indian Energy Exchange Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "IEX POWER MARKET UPDATE, AUGUST 26". |SUBJECT: Press Release
- Indian Energy Exchange Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- INDIAN ENERGY EXCHANGE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication of Notice of the 20th Annual General Meeting and E-Voting Information. |SUBJECT: Copy of Newspaper Publication
- Indian Energy Exchange Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- INDIAN ENERGY EXCHANGE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication Public Notice of Information Regarding 20th Annual General Meeting, Final Dividend FY25-26, Record Date And E-Voting. |SUBJECT: Copy of Newspaper Publication
- INDIAN ENERGY EXCHANGE LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 09-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Indian Energy Exchange Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2026 |SUBJECT: Shareholders meeting

### Fundamentals

Indian Energy Exchange (IEX) reported revenue from operations of ₹157.88 crore for Q1 FY2026-27. This follows a revenue of ₹145.67 crore in Q3 FY2025-26 and ₹174.30 crore in Q4 FY2025-26. Profit Before Exceptional Items and Tax for Q1 FY2026-27 was ₹169.08 crore, an increase from ₹152.76 crore in Q3 FY2025-26 and ₹164.72 crore in Q4 FY2025-26. The company's net profit for the period, referred to as Profit Loss For Period, was ₹134.76 crore in Q1 FY2026-27, up from ₹119.11 crore in Q3 FY2025-26 and ₹129.77 crore in Q4 FY2025-26. Finance costs have shown an increasing trend, rising from ₹52.11 lakh in Q3 FY2025-26 to ₹76.61 lakh in Q1 FY2026-27. Other expenses were ₹12.83 crore in Q1 FY2026-27, compared to ₹10.69 crore in Q3 FY2025-26 and ₹13.12 crore in Q4 FY2025-26. Tax expense for Q1 FY2026-27 stood at ₹42.04 crore.

- Revenue from operations was ₹157.88 crore in Q1 FY2026-27.
- Profit Before Exceptional Items and Tax increased to ₹169.08 crore in Q1 FY2026-27.
- Profit Loss For Period (Net Profit) was ₹134.76 crore in Q1 FY2026-27.
- Finance costs increased sequentially from ₹52.11 lakh in Q3 FY2025-26 to ₹76.61 lakh in Q1 FY2026-27.
- Tax expense was ₹42.04 crore in Q1 FY2026-27.

### Bull Case

The Indian Energy Exchange (IEX) is positioned within a sector experiencing significant development, with upcoming power transmission projects expected to benefit various energy companies. While specific company-level operational performance data for IEX is not detailed in the provided evidence, the broader market context suggests potential tailwinds for entities involved in the energy value chain. The technical indicators, however, suggest a current bearish trend across daily, weekly, and monthly timeframes, with key moving averages trading above the current price and a bearish SuperTrend direction observed. The stock has also experienced negative returns across multiple periods, including a return of -22% over the past year and -13% year-to-date as of September 18, 2026. Nearest support levels are observed around ₹115.19, while resistance is noted at ₹116.54.

- The energy sector is anticipated to benefit from upcoming power transmission projects.
- Daily, weekly, and monthly technical trends indicate a bearish outlook as of September 18, 2026.
- The stock has recorded negative returns over the past year (-22%) and year-to-date (-13%).
- Nearest support is identified at ₹115.19 and resistance at ₹116.54.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- NSE IPO impact on BSE explained: How the mega listing may benefit a rival
- NSE IPO Day 1: Issue subscribed 22% in early hours; GMP signals 9% listing gain. Should you subscribe?

### Bear Case

The company's technical indicators suggest a cautious outlook. Daily and weekly trends are exhibiting bearish signals, with the Supertrend indicator pointing downwards on both timeframes as of September 18, 2026. The closing price of ₹115.46 on this date is below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), indicating potential short-term weakness. Furthermore, the stock has experienced a significant drawdown, with a current drawdown of -45% and a maximum drawdown of -47%, suggesting substantial past price depreciation. Over the past year, the stock has returned -22%, and year-to-date returns are -13%.

- As of September 18, 2026, the daily Supertrend indicator is bearish.
- The closing price of ₹115.46 on September 18, 2026, is below the 20-day EMA (₹117.79) and 50-day EMA (₹121.09).
- The stock has experienced a current drawdown of -45% and a maximum drawdown of -47%.
- The 1-year return as of September 18, 2026, was -22%, and the year-to-date return was -13%.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- NSE IPO impact on BSE explained: How the mega listing may benefit a rival
- NSE IPO Day 1: Issue subscribed 22% in early hours; GMP signals 9% listing gain. Should you subscribe?

### FAQs

**What were Indian Energy Exchange's (IEX) recent trading volumes and how do they compare year-over-year?**

In August 2026, IEX reported its highest-ever monthly electricity traded volume of 13.94 billion units (BU), marking a 20.2% increase compared to August 2025. The Real-Time Market segment specifically saw a volume of 5.56 BU, which was a 10.6% rise year-over-year. However, the trading of Renewable Energy Certificates (RECs) declined significantly, with 2.91 lakh RECs traded in August 2026, an 86.6% decrease year-over-year.

**What is the current technical trend for Indian Energy Exchange (IEX) based on recent data?**

As of September 18, 2026, the daily technical trend for IEX is indicated as bearish. Key indicators show the closing price at ₹115.46, below the 20-day Exponential Moving Average (EMA) of ₹117.79 and the 50-day EMA of ₹121.09. The Supertrend indicator is also showing a bearish direction at ₹118.47. On a monthly basis, the trend is also bearish, with the Supertrend at ₹178.21 and the closing price below both the 20-day EMA (₹138.38) and 50-day SMA (₹142.83).

**What are the nearest support and resistance levels for Indian Energy Exchange (IEX) as of September 18, 2026?**

The nearest support levels for IEX are identified at ₹115.19, ₹114.66, ₹114.30, and ₹112.95. The closest resistance level is at ₹116.54, which is 0.93% above the current price.

**What has been the recent performance of Indian Energy Exchange (IEX) over different periods?**

As of September 18, 2026, IEX has experienced varied returns across different timeframes. The stock saw a 2% return in the last day. Over longer periods, it shows a return of -7% in the last month, -6% in the last six months, and -22% in the last year. Year-to-date, the return is -13%.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- NSE IPO impact on BSE explained: How the mega listing may benefit a rival
- NSE IPO Day 1: Issue subscribed 22% in early hours; GMP signals 9% listing gain. Should you subscribe?
- MEETING DATE : 09-SEP-2026
- Indian Energy Exchange Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "IEX POWER MARKET UPDATE, AUGUST 26". |SUBJECT: Press Release
- Indian Energy Exchange Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- INDIAN ENERGY EXCHANGE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication of Notice of the 20th Annual General Meeting and E-Voting Information. |SUBJECT: Copy of Newspaper Publication
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹112.95
- Risk regime: Higher Price Risk

### Support levels
- 114.66
- 115.19333333333333
- 114.29666666666667

### Resistance levels
- 143.890625
- 149.145
- 173.26999999999998

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.82% |
| return_10 | -3.10% |
| return_1m | -7.19% |
| return_1y | -22.31% |
| return_20 | -6.40% |
| return_3m | -6.56% |
| return_5 | -1.00% |
| return_6m | -6.18% |
| return_since_start | -35.93% |
| return_ytd | -13.44% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -46.67% |
| annualized_volatility | +39.61% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue and Profit Rise as Operating Expenses Decline

Indian Energy Exchange Limited reported consolidated net profit of ₹134.76 crore for the quarter ended 30 June 2026, an 11.7% increase from the same quarter a year earlier. Revenue from operations grew 11.4% to ₹157.88 crore, while profit before tax rose to ₹169.08 crore. The quarter also saw a decline in other operating expenses, which helped support earnings growth.

## Revenue and Profit Before Tax

Revenue from operations increased to ₹157.88 crore from ₹141.75 crore in Q1 FY2025-26. Profit before tax followed a similar trajectory, rising to ₹169.08 crore from ₹151.71 crore in the prior-year quarter. The growth in profit before tax aligns closely with the increase in revenue.

## Expense Movements

Other operating expenses declined to ₹12.83 crore from ₹14.15 crore in the prior-year quarter, a decrease of 9.3%. Employee benefit expenses were ₹14.12 crore, and depreciation and amortisation expense was ₹6.01 crore. Finance costs amounted to ₹0.77 crore. The decline in other operating expenses helped support the growth in profit before tax.

## Net Profit and Earnings Per Share

Tax expense for the quarter was ₹42.04 crore, resulting in an effective tax rate of approximately 24.9%. After deducting taxes, consolidated net profit stood at ₹134.76 crore. Basic earnings per share increased to ₹1.52 from ₹1.36 in the prior-year quarter.

## Other Income and Comprehensive Income

Other income, which includes interest and investment earnings, was ₹44.93 crore. Other comprehensive income recorded a negative movement of ₹0.98 crore. Total comprehensive income for the period was ₹133.78 crore.

## Key Takeaway

Indian Energy Exchange delivered higher revenue and profit in the quarter, supported by a decline in other operating expenses. The effective tax rate remained near 25%, and earnings per share increased alongside net profit. Other income added ₹44.93 crore to the quarter's results.

### Ratios

## Official filings

- 2026-09-09 — Regulatory Filing: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1722917_09092026034854_WEB.xml)
- 2026-09-03 — Press Release: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_03092026163300_Signed_IEX_Media_Release_Power_Market_Update_August26.pdf)
- 2026-08-21 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_21082026145423_Signed_IEX_Analyst_Meet_21_08_2026.pdf)
- 2026-08-21 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15538_WebXMLFile_20260821_150420105.xml)
- 2026-08-18 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_18082026181836_Signed_IEX_20_AGM_Newspaper_Publication.pdf)
- 2026-08-17 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_17082026181029_Signed_IEX_Analsyt_Meet_17_08_2026.pdf)
- 2026-08-17 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15538_WebXMLFile_20260817_180639912.xml)
- 2026-08-15 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_15082026132004_Signed_IEX_20AGM_Newspaper_Pub_Pre150826.pdf)
- 2026-08-14 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_15538_WebXMLFile_20260814_162942110.xml)
- 2026-08-14 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_14082026155954_Signed_IEX_20AGM_Intimation_AR_FY25_26.pdf)
- 2026-08-13 — Management Change: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_13082026154259_Signed_IEX_Change_in_Management_13_08_2026.pdf)
- 2026-08-13 — Generic Announcement: Indian Energy Exchange Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15538_WebXMLFile_20260813_153804692.xml)
- 2026-08-04 — Press Release: In July 2026, Indian Energy Exchange (IEX) reported a total electricity traded volume of 13,527 million units, a 7.7% year-on-year increase. The Real-Time Electricity Market saw a 10.2% year-on-year increase to 5,631 million units. However, Renewable Energy Certificate volumes declined 56.3% year-on-year, with 7.11 lakh RECs traded. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_04082026163929_Signed_IEX_Media_Release_Power_Market_Update_July26.pdf)
- 2026-07-31 — Official Filing: Indian Energy Exchange Limited (IEX) disclosed transcripts of its Q1 earnings call on July 31, 2026. The call itself took place on July 24, 2026, concluding at 20:00:00. Prior intimation of the call was given to the exchange on July 15, 2026. The transcripts were uploaded to the company's website on July 31, 2026, at 20:30:00.
- 2026-07-31 — Generic Announcement: Indian Energy Exchange Ltd. (IEX) held an Analyst Meet on July 24, 2026, and released the transcript on July 31, 2026. The meeting covered IEX's business performance, strategy, and future outlook, including discussions on India's GDP growth, power sector developments, and regulatory updates like the draft National Electricity Policy. Key financial highlights for FY'26 included annual electricity trade of 141 billion units, a 17% growth, and consolidated revenue of Rs. 747 crore, a 13.6% increase, with PAT at Rs. 492 crore, up 15%. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_31072026182853_Signed_IEX_Intimation_Analyst_meet_Transcript.pdf)
- 2026-07-27 — Official Filing: Indian Energy Exchange Limited (IEX) will hold an in-person Institutional Investor Meet on July 28, 2026, at 10:30 AM in Noida. The meeting, a one-on-one with Arunabharathi Padmanandhan, Managing Director of PARI WASHINGTON, will discuss the Business Landscape for FY27.
- 2026-07-27 — Generic Announcement: Indian Energy Exchange Ltd. will hold a one-on-one meeting with Pari Washington on July 28, 2026, in Noida. The company stated that no unpublished price-sensitive information will be shared during this meeting, and the schedule is subject to change. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_27072026130439_Signed_IEX_Analsyt_Meet_27_07_2026.pdf)
- 2026-07-27 — Official Filing: Indian Energy Exchange Limited (IEX) has disclosed an audio recording of an analyst call held on July 24, 2026. The recording was uploaded to the company's website on July 24, 2026, at 22:10:00 and is available via a provided weblink. Prior intimation of this earnings call was given to the exchange on July 15, 2026.
- 2026-07-24 — Earnings Presentation: Indian Energy Exchange Ltd. (IEX) announced an Investor Presentation Analyst Meet scheduled for July 24, 2026. The presentation highlighted the company's performance and growth drivers across its energy exchange ecosystem, including power, gas, and coal. Key financial metrics for FY26 showed a consolidated Profit After Tax (PAT) of INR 493 crore for IEX, INR 42 crore for Indian Gas Exchange (IGX), and INR 5 crore for Indian Coal Exchange (ICX). The company also detailed its expansion strategies, focusing on organic growth through new products and inorganic growth in gas, coal, and potential mineral exchanges. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_24072026163127_Signed_IEX_Intimation_Investor_presentation_AnnualMeet2026.pdf)
- 2026-07-24 — Generic Announcement: Indian Energy Exchange Ltd. announced the publication of its financial results for the quarter ended June 30, 2026, in Business Standard (English and Hindi) on July 24, 2026. The company also stated that these results would be available on its website. The financial results themselves, approved by the Board of Directors on July 23, 2026, showed total income from operations of ₹20,280.94 lakh (consolidated) and ₹18,417.95 lakh (standalone) for the quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_24072026112008_Signed_IEX_Intimation_NPPublication_FR_Q1_June26.pdf)
- 2026-07-24 — Generic Announcement: Indian Energy Exchange Ltd. has made the audio recording of its Analyst Meet 2026, held on July 24, 2026, available on its website. This disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_24072026224708_Signed_IEX_Intimation_Audio_Recording_Analyst_Meet_24_07_26.pdf)
- 2026-07-23 — Generic Announcement: Indian Energy Exchange Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 23, 2026. Standalone revenue from operations was ₹15,592.97 lakhs, with a profit after tax of ₹12,669.14 lakhs. Consolidated revenue from operations was ₹15,787.67 lakhs, with a profit after tax of ₹13,475.67 lakhs. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_23072026162329_Signed_IEX_BM_Outcome_Q1June26.pdf)
- 2026-07-23 — Press Release: Indian Energy Exchange (IEX) reported unaudited financial results for the quarter ended June 30, 2026, with electricity volumes at 37.5 Billion Units (BUs), a 15.9% year-over-year increase. Standalone Profit After Tax (PAT) was Rs 126.7 crore, up 12.1% YoY, while consolidated PAT reached Rs 134.8 crore, an 11.7% YoY increase. The company also noted that its subsidiary, Indian Gas Exchange (IGX), filed for an IPO, with IEX planning to reduce its stake from 47.3% to 25% as required by regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_23072026163402_Signed_IEX_Intimation_Press_Release_Q1_June26.pdf)
- 2026-07-15 — Generic Announcement: Indian Energy Exchange Ltd will hold an Annual Analyst Meet and Quarterly Earnings Call for Q1FY27 on July 24, 2026, in Mumbai. This meeting is for analysts and institutional investors, and no unpublished price-sensitive information will be disclosed. The schedule is subject to change. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_15072026184348_Signed_IEX_Analsyt_Meet_15_07_2026.pdf)
- 2026-07-15 — Generic Announcement: Indian Energy Exchange Limited (IEX) announced that its associate company, Indian Gas Exchange Limited (IGX), filed a draft red herring prospectus on July 14, 2026, for its proposed initial public offer. The offer includes an offer for sale of up to 16,710,000 equity shares by IEX, subject to regulatory approvals and market conditions. — [Official attachment](https://nsearchives.nseindia.com/corporate/IEX_15072026114919_Signed_IEX_Intimation_IGX_DRHP_14_07_2026.pdf)

## News and market events

- 2026-09-18 — Mint: **Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital** — Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price — [Source](https://www.livemint.com/market/stock-market-news/adani-energy-vs-cesc-vs-tata-power-vs-ntpc-vs-power-grid-which-stock-has-more-upside-target-price-by-pl-capital-11789725460017.html)
- 2026-09-18 — Economic Times: **NSE IPO impact on BSE explained: How the mega listing may benefit a rival** — NSE is set to make its grand debut on the BSE on September 24, 2026. This significant event is anticipated to enhance BSE's market presence and revenue potential. While analysts foresee only a modest revenue boost from trading NSE shares, the surge in investor activity and institutional investments could unveil far larger opportunities. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-ipo-impact-on-bse-explained-how-the-mega-listing-may-benefit-a-rival/articleshow/134325864.cms)
- 2026-09-17 — Economic Times: **NSE IPO Day 1: Issue subscribed 22% in early hours; GMP signals 9% listing gain. Should you subscribe?** — The Rs 22,569 crore NSE IPO was subscribed 22% in the early hours of Day 1, with the retail portion seeing 24% subscription. The grey market premium stood around 9%. Brokerages remain positive, citing NSEs market leadership and strong profitability, while cautioning investors about its valuation, regulatory risks and derivatives dependence. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-ipo-day-1-issue-subscribed-22-in-early-hours-gmp-signals-9-listing-gain-should-you-subscribe/articleshow/134304976.cms)
- 2026-09-09 — REDIFF.COM: **Gains for power stocks depend on execution, valuations** — India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth. — [Source](https://www.rediff.com/business/report/india-power-sector-growth-renewables-capacity-expansion-and-investment-outlook/20260909.htm)
- 2026-09-06 — Economic Times: **MCX electricity futures clock record Rs 245 crore turnover as OI touches all-time high** — MCX electricity futures celebrated a milestone on September 4, reaching a historic turnover of Rs 245 crore. The contract not only recorded its highest volume and open interest but also demonstrated notable growth in average daily volume this fiscal year. This surge reflects a robust market interest and expanded initiatives for managing price risks, as evidenced by consistent trading activity across all expiry months. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/mcx-electricity-futures-clock-record-rs-245-crore-turnover-as-oi-touches-all-time-high/articleshow/133834763.cms)
- 2026-09-04 — CNBC-TV18: **IEX shares gain after strong volume growth performance in August, increased prices** — IEX's day-ahead market (DAM) volume in August increased 15% to 5,517 million units (MU). Average market clearing price in DAM stood at ₹4.88 per unit, up 22% from last year. — [Source](https://www.cnbctv18.com/market/indian-energy-exchange-iex-share-price-august-traded-electricity-volumes-day-ahead-market-rates-increase-impact-19983889.htm)
- 2026-09-04 — The Hindu: **Stocks in focus: IEX, PowerGrid, RVNL, APSEZ, Bharat Forge, HEG, brokerage stocks,Cipla among dozen stocks will be in focus** — IEX logs record August volumes; HEG renamed as scheme takes effect — [Source](https://www.thehindubusinessline.com/markets/stocks-in-focus-iex-powergrid-rvnl-apsez-bharat-forge-heg-brokerage-stockscipla-among-dozen-stocks-will-be-in-focus/article71426821.ece)
- 2026-08-20 — BUSINESSTODAY: **Suzlon, IEX, Inox Wind, ACME, NTPC, Power Grid, Tata Power shares: Top 3 power stock ideas** — Suzlon, IEX, Inox Wind, ACME, NTPC, Power Grid, Tata Power shares: Top 3 power stock ideas — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-iex-inox-wind-acme-ntpc-power-grid-tata-power-shares-top-3-power-stock-ideas-550255-2026-08-20)
- 2026-08-05 — MONEYCONTROL: **Govt of Singapore sells 2.9% stake in IndiGrid Infrastructure Trust for Rs 486 crore via block deals** — IndiGrid Infrastructure Trust, block deals,Government of Singapore — [Source](https://www.moneycontrol.com/news/business/markets/govt-of-singapore-sells-2-9-stake-in-indigrid-infrastructure-trust-for-rs-486-crore-via-block-deals-13995673.html)
- 2026-08-03 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty up over 200 points; Blue Jet Health down 6% after results** — Sensex Today | Stock Market Live Updates: We are at the halfway mark of the day's trade, and the markets are trading on a strong footing, holding onto the gains. The Nifty is up over 200 points, rising above 24,600. The Nifty Bank is also higher, jumping over 530 points, rising to 57,600. ITC, Shriram Fin and IndiGo are top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-oil-fcnr-rupee-itc-maruti-autos-ioc-divis-zee-stl-banks-share-price-liveblog-19959976.htm)
- 2026-08-03 — MONEYCONTROL: **IEX falls over 4% as Supreme Court allows CERC to frame market coupling regulations** — India Energy Exchange, IEX, IEX news, IEX shares, IEX stocks, IEX CERC stocks — [Source](https://www.moneycontrol.com/news/business/stocks/iex-falls-over-4-as-supreme-court-allows-cerc-to-frame-market-coupling-regulations-13992014.html)
- 2026-07-28 — CNBC-TV18: **Sensex ends flat, Nifty below 24,000: 5 reasons why the stock market was subdued today** — The BSE Sensex fell 70 points to close at 76,766, while the Nifty 50 slipped 11 points to 23,985. The Nifty Bank index declined 332 points to 56,756, while the Nifty Midcap index gained 48 points to 62,352. — [Source](https://www.cnbctv18.com/market/sensex-ends-flat-nifty-below-24000-5-reasons-why-the-stock-market-was-subdued-today-19955785.htm)
- 2026-07-24 — CNBC-TV18: **IEX shares in focus after Q1 profit, revenue rise over 11% each, margins expand to 83%** — IEX company's earnings before interest, taxes, depreciation and amortization (EBITDA) increased 13.5% to ₹130.7 crore from ₹115.4 crore last year. Its EBITDA margins expanded to 83% from 81.4% in the year-ago period. — [Source](https://www.cnbctv18.com/market/iex-share-price-q1-result-reaction-revenue-profit-margin-igx-ipo-market-coupling-returns-19952859.htm)
- 2026-07-24 — The Hindu: **LIVE Q1 Results Today 24th July: Shriram Finance, Tata Consumer, Hindustan Zinc, BoB, Dalmia Bharat, Jindal Steel, Laurus Labs, SBI Life, CG Power, NTPC, Lodha, SAIL, Welspun Corp to announce Q1 results, Cipla & MphasiS gain, Infosys, IndiGo & Meesho shares down after Q1** — Q1 Results Today, 24th July 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook of NTPC, Shriram Finance, Hindustan Zinc, SBI Life Insurance Company, CG Power and Industrial Solutions, Bank of Baroda, Lodha Developers, Tata Consumer Products, Jindal Steel, REC, Laurus Labs, Steel Authority of India, Bank of India, SBI Cards & Payment Services, Apar Industries, Welspun Corp, Container Corporation of India, Dalmia Bharat, Acutaas Chemica... — [Source](https://www.thehindubusinessline.com/markets/fy27-q1-results-today-live-updates-shriram-finance-hindustan-zinc-dalmia-bharat-tata-consumer-jindal-steel-lodha-laurus-labs-sbi-life-cg-power-ntpc-infosys-indigo-cipla-results-24-july-2026/article71257341.ece)
- 2026-07-24 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: United Breweries (₹1,394.20)** — Sensex, Nifty, Share Prices Live Updates: On Tuesday, the stock broke out of ₹1,370, opening the door for further rally — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-24th-july-2026/article71257579.ece)
- 2026-07-23 — Mint: **IEX Q1 results: Net profit grows 12% YoY to  ₹135 crore; electricity volumes rise 16%** — Indian Energy Exchange reported a robust June quarter with standalone PAT increasing 12.1% YoY to  ₹126.7 crore and consolidated PAT up 11.7% to  ₹134.8 crore. Electricity trading volume rose 15.9% YoY to 37.5 billion units, highlighting a strong market response during record peak demand. — [Source](https://www.livemint.com/market/iex-q1-results-net-profit-grows-12-yoy-to-rs-135-crore-electricity-volumes-rise-16-11784813721089.html)

## Business profile

**Strategic vision:** Operates a digital platform for electricity and green energy trading.

### Business segments
- **Electricity Market:** The platform hosts trading contracts including Day-Ahead Market (DAM), Real-Time Market (RTM), and Term-Ahead Market (TAM) to facilitate power procurement by distribution companies and industrial consumers.
- **Green Energy Market:** IEX operates a Green Term-Ahead Market (GTAM) and Green Day-Ahead Market (GDAM) supporting trade in solar and non-solar renewable energy.
- **Certificates Market:** The platform enables the trading of Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts).

### Competitive strengths
- Operates a nationwide automated trading platform regulated by the Central Electricity Regulatory Commission.
- Utilizes a double-sided closed auction bidding system for trade clearance.
- Manages clearing and settlement services for platform transactions.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/iex
Markdown representation: https://faxioms.com/stocks/iex?render=md