Indian Energy Exchange Ltd. · NSE:IEX
Indian Energy Exchange — Q1 FY2026 Earnings Presentation
34 slides from Indian Energy Exchange's earnings presentation, Jul 24, 2025
Slide 1: Exchange filing cover letter: Investor Presentation Q1 FY'26
Dated: July 24, 2025 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 Sc
Slide 2: Investor Presentation Q1 FY'26
Investor Presentation Q1 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-June FY’26 World’s Largest Network Reforms Underway Others Nuclear Hydro 3% 9% 1% • Improving credit ratings of • Inter-reg. trans. Cap.: 119 GW distribution companies Wind (FY’25); 168 GW (FY’32)
Slide 5: Energy Sector Transition
Energy Sector Transition Nuclear 15 GW 2% Nuclear 8GW 2% Thermal Cap 327 Thermal RE & Hydro 38% Cap 242 RE & Hydro 507 50% 234 60% 48% Jun’25 Installed Capacity FY 2030 CEA Projections 485 GW 849 GW Source: CEA; RE also includes BESS India achieves 50% share of non-fossil fuel in installed electrici
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 8,500+ 5,700+ 2,500+ ➢ Publicly listed company – 2017
Slide 8: IEX Product Mix
IEX Product Mix Q1 FY’26 - Electricity Volumes: 32.4 BUs; Certificates: 52.7 Lakh Certificates 14% DAM Green 33% DAC 7% 2% TAM 10% RTM 34% • RTM & Green markets registered substantial growth of 41% and 51% YoY respectively in Q1 FY26. • Collectives (DAM, RTM, G-DAM) at ~ 75% of our volumes. 7
Slide 9: Stable Prices on IEX, Ample Sell Side Liquidity
Stable Prices on IEX, Ample Sell Side Liquidity 6 50,000 5.17 5.27 45,000 5 4.91 4.90 4.41 40,000 35,000 4 3.92 30,000 3 25,000 20,000 2 15,000 10,000 1 5,000 407 452 446 0 0 Q1 FY'24 Q1 FY'25 Q1 FY'26 Power Consumption (BU) DAM MCP (Rs/unit) RTM MCP (Rs./unit) Source: CEA, IEX Demand subdued, drops
Slide 10: Growth Levers for IEX
Growth Levers for IEX (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
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 250 electricity 2,100 ✓ Core sector, traction, EV, Roof Top Solar, Data Centres 1,694 200 1,622 to drive electricity con
Slide 12: Growth Driver 2: New Products & Regulatory Developments
Growth Driver 2: New Products & Regulatory Developments TAM upto 11 ➢ Trade up to 11 months shall help shift DEEP volume to Exchanges. Months ➢ Currently DEEP Platform trades is about 40 BU ➢ Petition in CERC for launching Green RTM heard, public comments closed. Final order awaited. Green RTM ➢ Add
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 Models to support Energy market-based models increased RE penetration. 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) • FDRE mandatorily includes ESS to provide dispatchable RE • As per CEA, BESS Storage of 47GW/236 GWh required by 2032. 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) – 12th June 2025 Consumption: 225 • North India has high demand in Summers/Paddy season 205 185 Demand Met (GW) - 14th June 2019 • Lift irrigation/Agricultural demand of Telangana between August to October. 16
Slide 17: Growth Driver 6: Increasing Sell Side Liquidity
Growth Driver 6: Increasing Sell Side Liquidity • Supply side constraints continued to ease through FY’24 and FY’25 due to various measures taken by MoP. • Q1 FY’26 coal production at 247 MT, similar to Q1 FY’25. • Imported coal & gas prices down to reasonable levels – PLFs improved significantly. •
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 ✓ 45 registered Members and 200+ registered Clients ✓ Automated platform with cutting edge technology; Indigenous price benchmark ✓ ICX formed in December 2022 to facilitate voluntary carbon trade. ✓ India a seller of carbon credits (15-20% of the s
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 – Key Updates
Technology – Key Updates • 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 • Microse
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 Q1FY25 Q4FY25 Q1FY26 revenues (%) 657.4 550.8 588.4 489.5 429.2 350.8 Transaction Fees 77% 79% 74% Admission and Annual 3% 3% 3% FY24 FY25 Fees Total Revenue EBITDA PAT 174.6 184.2 154.5 157.9 164.4 Other Income
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 842 lakh spent as part of CSR initiative in healt
Slide 28: In this presentation
In this presentation: Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 27
Slide 29: 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 9 Contracts Sha
Slide 30: IGX Members and Clients
IGX Members and Clients IGX has 45+ registered Members and 200+ registered Clients Proprietary Member Clients Trading & Clearing Member *Selected representation 29
Slide 31: Business Performance Overview – Record Volumes
Business Performance Overview – Record Volumes Yearly Volumes (Mn MMBTU) Quarterly Volumes (Mn MMBTU) 80 60.0 60 50.9 40.8 40 24.6 20 12.2 11.8 0 FY22 FY23 FY24 FY25 Q1- FY25 Q1- FY26 Data till 30th June 2025 30
Slide 32: Future Plans
Future Plans Balance of Month Contracts (BOM): ➢ Awaiting approval from PNGRB for BOM Contract (Pipeline Natural Gas segment); PNGRB has already approved BOM contract for ssLNG segment. New Delivery Point: ➢ Introduction of New delivery point, Palanpur, located at the Interconnection point of GIGL &
Slide 33: Growth Levers
Growth Levers Government’s target Domestic Gas Infrastructure Development Market Developments for gas sector Production • Increasing share of Natural • LNG terminals capacity is expected to • ONGC aims to ramp up • PNGRB's proposed UFT reforms Gas in energy basket from grow from current 52.7 MMTPA t
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 — Q1 FY2026 Earnings Presentation on 6ix