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Indian Energy Exchange Ltd

| Audited Standalone Financial Results for Quarter & Year Ended March 31, 2026

BULLISH SENTIMENT

Report Source

⬤23rd Apr 26

Summary : IEX reports strong FY2026 results, recommends dividend, receives unmodified audit opinion.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Employee benefits expense (Standalone FY26: 4,814.20 lakhs, Consolidated FY26: 4,899.91 lakhs).
  2. Finance costs (Standalone FY26: 228.32 lakhs, Consolidated FY26: 228.32 lakhs).
  3. Depreciation and amortisation expenses (Standalone FY26: 2,328.34 lakhs, Consolidated FY26: 2,331.53 lakhs).
  4. Other expenses (Standalone FY26: 4,642.26 lakhs, Consolidated FY26: 4,658.62 lakhs).
  5. Revenue from operations (Standalone FY26: 60,838.57 lakhs, Consolidated FY26: 61,564.70 lakhs).
  6. Other income (Standalone FY26: 13,655.11 lakhs, Consolidated FY26: 13,130.47 lakhs).
  7. Net cash generated from operating activities (Standalone FY26: 42,464.42 lakhs, Consolidated FY26: 43,277.25 lakhs).
  8. Net cash used in investing activities (Standalone FY26: (22,294.22) lakhs, Consolidated FY26: (23,052.80) lakhs).
  9. Net cash used in financing activities (Standalone FY26: (27,182.03) lakhs, Consolidated FY26: (27,182.03) lakhs).
  10. Total Assets (Standalone FY26: 2,37,685.92 lakhs, Consolidated FY26: 2,43,574.80 lakhs).
  11. Total Equity (Standalone FY26: 1,30,672.75 lakhs, Consolidated FY26: 1,36,456.28 lakhs).
  12. Both standalone and consolidated financial results presented.

Corporate Overview

  1. Assessing potential impact of new labor codes.
  2. Operates as a registered power exchange in India.
  3. Formal and factual reporting of financial results and dividend.
  4. Company operates as a single operating segment.

Risk Factors

  1. Uncertainty regarding new labor codes implementation.
  2. Reliance on other auditors for ESOP Trust.
  3. General audit risks of material misstatement.
  4. No specific company-level risks highlighted.

Key Drivers

  1. Strong financial performance for FY2026.
  2. Final dividend of Rs. 2 recommended.
  3. Unmodified audit opinion received.
  4. Continued growth in total assets.

Auditor’s Report

  1. Unmodified opinion on standalone financial results.
  2. Unmodified opinion on consolidated financial results.
  3. Reliance on other auditors for IEX ESOP Trust financial information.

Board Commentary

  1. Recommended final dividend of Rs. 2 per equity share for FY2026.
  2. Declared interim dividend of Rs. 1.5 per equity share for current year.
  3. Potential impact of new labor codes (assessed as non-material).
  4. Compliance with SEBI Listing Regulations.
  5. Assessment of new labor codes for compliance.

Corporate Governance

  1. Audit Committee reviewed and approved financial results.

Management Discussion & Analysis

Risk Control Measures

  1. Ongoing assessment of new labor codes impact.

Critical Risks

  1. Potential impact of new labor codes (assessed as non-material).
Indian Energy Exchange Ltd (IEX) Quarterly Report Analysis & Insights | Dhanarthi