Indian Energy Exchange Ltd. · NSE:IEX
Indian Energy Exchange — Q4 FY2026 Earnings Presentation
34 slides from Indian Energy Exchange's earnings presentation, Apr 23, 2026
Slide 1: Intimation letter to stock exchanges
Dated: April 23, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1 Dalal Street G Block, Bandra Kurla Complex Mumbai- 400001 Bandra (E), Mumbai-400 051 S
Slide 2: Investor Presentation Q4 FY'26
Investor Presentation Q4 FY’26
Slide 3: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 2
Slide 4: Power Sector Summary
Power Sector Summary Generation Mix Transmission Distribution & Consumption Indian Generation Mix: Apr-Feb FY’26 World’s Largest Network Reforms Underway Others Nuclear Hydro 3% 1% • Improving credit ratings and 10% • Inter-reg. trans. Cap.: 119 GW profitability of distribution Wind (FY’25); 143 GW
Slide 5: Energy Sector Transition
Energy Sector Transition Nuclear 15 GW 2% Nuclear 9GW 2% Thermal Cap Thermal 327 Cap 249 38% 47% RE & Hydro RE & Hydro 507 275 60% 51% Mar’26 Installed Capacity FY 2030 CEA Projections 533 GW 849 GW Source: CEA; MoP; RE also includes BESS India achieves 50% share of non-fossil fuel in installed elec
Slide 6: Renewables Are Leading Energy Sector Transition
Renewables Are Leading Energy Sector Transition Technology Progress Changing Preferences • Low Carbon Technologies – Wind, • Shift Towards RE and storage Solar, Hybrid • Electrification of economy – • Falling RE cost driving higher EVs, roof top solar, cooking, penetration railway traction, data cen
Slide 7: IEX: India's Premier Technology-led Electricity Marketplace
IEX: India’s Premier Technology-led Electricity Marketplace ➢ Nation wide, automated and transparent trading platform for physical delivery of electricity, renewables Robust Ecosystem & certificates ➢ Commenced operations in 2008; CERC regulated 9,000+ 5,900+ ~3,000 ➢ Publicly listed company – 2017
Slide 8: IEX Product Mix
IEX Product Mix FY’26 - Electricity Volumes: 141 BUs; Certificates: 187 Lakh Certificates 12% DAC Green 2% 7% DAM 39% TAM 6% RTM 34% • RTM continues to make substantial strides, grew 41% YoY in FY26 • Collectives (DAM, RTM, G-DAM) at ~ 80% of volumes. 7
Slide 9: Declining Prices on IEX, Ample Sell Side Liquidity
Declining Prices on IEX, Ample Sell Side Liquidity 7.00 17,93,616 17,90,031 17,86,446 17,82,860 17,79,275 17,75,689 17,72,104 17,68,518 17,64,933 17,61,348 17,57,762 17,54,177 17,50,591 17,47,006 17,43,420 17,39,835 17,36,250 17,32,664 17,29,079 17,25,493 17,21,908 17,18,322 17,14,737 17,11,151 17,0
Slide 10: Growth Levers
Growth Levers (1) (2) (3) (4) (5) (6) Increase in New Products Diversity in Ample Re-designing Energy Power & Regulatory Demand/Supply Supply Side electricity market Transition Consumption Developments Patterns Availability • High GDP • TAM up to 11 • Report on • Changing • Diurnal Variation • Adequ
Slide 11: Growth Driver 1: Demand Increase
Growth Driver 1: Demand Increase India placed as the most promising economy on the global map 2,600 300 ➢ Industrialization 2,300 ✓ High GDP growth of about 6-7% expected to drive 2,100 250 electricity 1,694 1,709 ✓ Core sector, traction, EV, Roof Top Solar, Data Centres 1,622 200 to drive electrici
Slide 12: Growth Driver 2: New Products & Regulatory Developments
Growth Driver 2: New Products & Regulatory Developments ➢ Long Duration Contract up to 11 months to shift DEEP platform volume (~40 BU) to Exchanges. New ➢ Green RTM petition with CERC, hearings and public comments closed. Products ➢ Peak DAM, Peak RTM segments petition filed to enable power trading
Slide 13: Growth Driver 3: Roadmap for Deepening Market
Growth Driver 3: Roadmap for Deepening Market MoP Report of the Group on Development of Electricity Market in India, 2023 Short Term Medium Term Long Term (up to 1 year) (1 -2 years) (2 years and beyond) • Market based Ancillary • Increase share of RE addition • Overall interaction of Services throu
Slide 14: Growth Driver 4: Energy Transition
Growth Driver 4: Energy Transition • Future demand requirements will predominantly be met through RE sources. • European experience of renewables shows adoption of market-based models increased RE penetration. Market Models to support Energy Transition • Capacity awarded through CfD auction in UK st
Slide 15: New Market Models: FDRE & RTC, BESS
New Market Models: FDRE & RTC, BESS Firm Dispatch RE & Round The Clock RE Battery Energy Storage Systems (BESS) • As per CEA, BESS Storage of 47GW/236 GWh required by 2032. • FDRE mandatorily includes ESS to provide dispatchable RE power such as assured peak power, load following etc. • Charging (No
Slide 16: Growth Driver 5: Diversity
Growth Driver 5: Diversity Regional Diversity All India Demand Profile 245 Demand Met (GW) – 24th Sep 2025 Consumption: 225 205 • North India has high demand in Summers/Paddy season 185 Demand Met (GW) - 14th June 2019 • Lift irrigation/Agricultural demand of Telangana between 165 August to October.
Slide 17: Growth Driver 6: Increasing Sell Side Liquidity
Growth Driver 6: Increasing Sell Side Liquidity • Currently, 41 GW Thermal Power Projects under construction; ~13 GW to be commissioned; ~27 GW under planning and tendering stage; ~9 GW added in FY’26. ~50GW RE capacity added in FY’26. • CEA projects ~50 GW of annual capacity addition till 2035-36 -
Slide 18: Other Opportunities for Growth
Other Opportunities for Growth Load Shifting ▪ Agri-load shifting & ToD tariff will shift demand to solar hours. to Solar Hrs ▪ Increase in cleared volumes during solar hours. ▪ CEA issued final Guidelines for Resource Adequacy (RA) Planning Framework for Capacity Centre and States. Market ▪ Leads t
Slide 19: Diversification
INNOVATION TECHNOLOGY FUTURE Diversification
Slide 20: Diversification
Diversification ✓ 1st Natural Gas trading exchange, completes 5 years in operations ✓ 50 registered Members and 200+ registered Clients ✓ Automated platform with cutting edge technology; Indigenous price benchmark ✓ ICX formed in December 2022 ✓ Designated by I-Track Foundation as India’s only issue
Slide 21: In Summary
In Summary Growth Levers for IEX: 1 Increase in Demand and Supply 2 Large Capacity Addition in RE and Storage and Declining Costs 3 Favorable Regulatory and Policy Framework for Market Development 4 Diversification 20
Slide 22: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 21
Slide 23: Customer Centricity
Customer Centricity • Capacity building workshops for all Discoms • Promoting Open Access through State wise conferences and seminars • Web Platform “EnergX” • Digital On-boarding • Financial Reconciliation • Web-based Bidding for all Products across Electricity and Certificate segments • Easy acces
Slide 24: Technology Implementations
Technology Implementations • Robust Business Continuity implementation with RTO (Recovery Time Objective) of 5 minutes and RPO (Recovery Point Objective) of near Zero • Implementation of best-in-class Perimeter Firewall and Panorama solutions to enhance Security Infrastructure and Management • Micro
Slide 25: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 24
Slide 26: Robust Financial Performance of IEX
Robust Financial Performance of IEX Consolidated Financials Rs Cr Breakup of standalone Q4FY25 Q3FY26 Q4FY26 FY26 revenues (%) 747.0 657.4 671.2 588.4 492.9 429.2 Transaction Fees 78.7% 76.0% 85.4% 78.4% Admission and Annual FY25 FY26 3.2% 3.3% 3.2% 3.3% Fees Total Revenue EBITDA PAT 196.4 Other Inc
Slide 27: ESG Leadership in Power Exchanges
ESG Leadership in Power Exchanges • IEX, India’s First Carbon Neutral Power Exchange since FY’22 Environmental • First to launch Green segment in India’s power markets. Leadership • ICX, India’s sole issuer of International RECs (I-RECs) • Nearly INR 945 lakh spent as part of CSR initiative in healt
Slide 28: CSR Impact at a Glance: FY'26
CSR Impact at a Glance: FY’26 Livelihoods & Education Health and Sanitation Disaster Relief Heritage Support Skill Development 15,345 Beneficiaries 543 Youth Trained 8,665 Beneficiaries Reached 3.5 lakh Visitor 4,967 Students Experience Enhanced reached Supported 355 Successful Placements 500 Famili
Slide 29: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 28
Slide 30: Gas Exchange: Overview
Gas Exchange: Overview Physical Delivery based Gas Exchange Operating under PNGRB’s Gas Exchange Regulations, 2020 6 Regional Gas Hubs − 6 Regional Gas Hubs Hubs & Delivery − Multiple active delivery points within 4 points regional hubs ( Western, Southern, Eastern & Northern) Barmer 10 Contracts Sh
Slide 31: IGX Members and Clients
IGX Members and Clients IGX has 50+ registered Members and 200+ registered Clients Proprietary Member Clients Trading & Clearing Member *Selected representation 30
Slide 32: Business Performance Overview
Business Performance Overview Yearly Volumes (Mn MMBTU) Quarter Volumes (Mn MMBTU) 90 80 76.8 70 60.0 60 50.9 50 40.8 40 30 20.2 18.6 20 12.2 10 0 FY22 FY23 FY24 FY25 FY26 Q4-FY25 Q4-FY26 Data till 31st Mar 2025 31
Slide 33: Growth Levers
Growth Levers Government’s target Domestic Gas Market Developments for gas sector Infrastructure Development Production • Increasing share of Natural • LNG terminals capacity is expected to • ONGC aims to ramp up • Single zone/ Entry-Exit pipeline Gas in energy basket from grow from current 55.7 MMT
Slide 34: Thank You
Thank You Phone: +91-120 4648100 Email: contact@iexindia.com Website: www.iexindia.com @IndianEnergy @IEX_India_ @indian-energy ExchangeLtdIEX -exchange-limited
Indian Energy Exchange — Q4 FY2026 Earnings Presentation on 6ix