Power volumes up 14.9% in Q1; profit rises 25% to ₹120.7 crore
Revenue during the quarter stood at ₹184.2 crore, up 19.2per cent compared to ₹154.5 crore in the corresponding quarter of FY25. Standalone profit after tax rose to ₹113 crore, up 21per cent from ₹93.4 crore in Q1FY25.
The company reported that 52.7 lakh
Renewable Energy Certificates
(RECs) were traded in Q1FY26, marking a 149.3per cent increase over the previous year.
Summer power demand peaks at 242 GW
India's peak summer power demand in 2025 reached 242 GW on June 12. To manage this demand, the Ministry of Power invoked Section 11 of the Electricity Act, requiring imported coal-based power plants to operate at full capacity until June-end. The government also activated gas-based plants and ensured sufficient domestic coal supply to avert shortages.
Despite forecasts projecting a peak demand of 277 GW, early monsoon and unseasonal rains kept temperatures low. As a result, electricity consumption for Q1FY26 was recorded at 446 BUs, down 1.3per cent from Q1FY25.
Fuel supply steady; coal production at 247 MT
Coal production during the first quarter stood at 247 million tonnes (MT), nearly the same as the year-ago period. Coal inventories in mid-July stood at 25 days' worth of supply, ensuring stable fuel availability for power generation.
Increased availability from hydro, wind and coal-based generation contributed to higher liquidity on power exchanges. Day-Ahead Market (DAM) supply increased by 45.2per cent year-on-year. As a result, the average DAM price dropped nearly 16per cent to ₹4.41/unit, while the Real-Time Market price fell 20per cent to ₹3.91/unit.
Gas market sees 109per cent volume growth
Indian Gas Exchange (IGX) posted a 109per cent growth in traded volumes in Q1FY26, touching 24.6 million MMBtu, driven by increased demand from oil marketing companies and city gas distributors. IGX posted a PAT of ₹14.1 crore for the quarter, up 86.7per cent from ₹7.6 crore in Q1FY25.
44 lakh I-RECs issued by ICX in Q1
The International Carbon Exchange (ICX), a wholly owned subsidiary of the company, issued over 44 lakh
International Renewable Energy Certificates
(I-RECs) in Q1FY26, compared to 59 lakh for the full previous fiscal. ICX earned ₹178.8 lakh in revenue during the quarter. I-RECs are digital certificates representing the generation of 1 MWh of energy from renewable sources.
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