IEX Q1 Net Profit Rises 28.5% YoY to ₹120.70 Crore

Indian Energy Exchange (IEX) reported a 28.5% year-on-year increase in consolidated net profit to ₹120.70 crore for the quarter ended June 30, 2025. The company's revenue from operations grew by 14.7% to ₹141.75 crore. The board also approved the appointment of M/s MNK and Associates LLP as Secretarial Auditors for a term of 5 years.

Q1 FY26 Financial Results (Consolidated, in ₹ lakhs)
Metric	Q1 FY26	Q1 FY25	YoY Change	Q4 FY25
Revenue from Operations	14,175.14	12,356.20	+14.7%	14,224.82
Other Income	4,242.81	3,090.81	+37.3%	3,234.66
Total Income	18,417.95	15,447.01	+19.2%	17,459.48
Employee Benefits Expense	1,229.36	1,099.40	+11.8%	1,142.99
Finance Costs	58.00	67.30	-13.8%	61.29
Depreciation and Amortisation Expense	544.60	523.99	+3.9%	527.47
Other Expenses	1,415.15	1,322.17	+7.0%	950.19
Total Expenses	3,247.11	3,012.86	+7.8%	2,681.94
Profit Before Share of Profit of Associate and Income Tax	15,170.84	12,434.15	+22.0%	14,777.54
Share in Profit of Associate (net of tax)	668.26	357.82	+86.8%	422.86
Profit Before Tax	15,839.10	12,791.97	+23.8%	15,200.40
Current Tax	3,774.79	2,961.45	+27.5%	3,722.00
Deferred Tax Charge / (Credit)	(5.36)	186.50	-	(232.87)
Total Tax Expense	3,769.43	3,147.95	+19.7%	3,489.13
Profit for the Period	12,069.67	9,644.02	+25.1%	11,711.27
Basic Earnings per equity share (₹)	1.36	1.08	+25.9%	1.32
Diluted Earnings per equity share (₹)	1.36	1.08	+25.9%	1.32

Financial Performance

The company's consolidated revenue from operations for the quarter ended June 30, 2025, stood at ₹141.75 crore, compared to ₹123.56 crore in the corresponding quarter of the previous year. Other income increased to ₹42.43 crore from ₹30.91 crore in the same period.

Appointment of Secretarial Auditors

The Board of Directors approved the appointment of M/s MNK and Associates LLP, Company Secretaries, as the Secretarial Auditors of the Company for a term of 5 consecutive years commencing from FY 2025-26 until FY 2029-30, subject to the approval of the Members of the Company at the ensuing Annual General Meeting (AGM).