IEX Q4 results show solid momentum. Indian Energy Exchange reported 11% year-on-year net profit growth to Rs 130 crore in Q4 FY26, with revenue climbing 13% to Rs 196 crore. The standout metric was record quarterly electricity trading volume of 39.4 BU, up 24.3% YoY, alongside 6.1% growth in REC volumes. For full year FY26, consolidated revenue reached Rs 747 crore with 13.6% growth, while PAT surged 14.9% to Rs 492.9 crore. The company approved a Rs 2 per share final dividend. However, analyst views remain cautious. Motilal Oswal maintains neutral stance citing missed standalone revenue and PAT estimates. JM Financial notes market clearing prices fell significantly in both Day Ahead Market and Real-Time Market due to lower power demand and increased supply liquidity, with market coupling concerns persisting as a headwind for growth.
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