Interim report
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Indian Energy Exchange Ltd Registered Office: C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park, District Centre, Saket, New Delhi–110017, India Corporate Office: 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh–201301 , India Tel: +91-011-3044 6511 | Tel: +91-120-4648 100 | Fax No.: +91-120-4648 115 CIN: L74999DL2007PLC277039 | Website: www.iexindia.com Dated: October 30, 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 Scrip Code: 540750 Symbol: IEX Subject: Outcome of the Board Meeting held on Thursday, October 30, 2025. Dear Sir/Madam, Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform that the Board of Directors of the Company at their meeting held today i.e., Thursday, October 30, 2025, have considered and duly approved unaudited Financial Results (Standalone and Consolidated) along with the Limited Review report thereon for the quarter and half year ended September 30, 2025. A Copy of unaudited Financial Results along with reports are enclosed herewith. The meeting of the Board of Directors commenced at 02:00 P.M. and concluded at 04:05 P.M. on the same day. The said information will be made available on Company’s websitewww.iexindia.com You are requested to take the above information on record. Thanking You. Yours faithfully, For Indian Energy Exchange Limited Vineet Harlalka CFO, Company Secretary & Compliance Officer Membership No. ACS-16264 Encl: as above
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP Unit No 02, Second Floor, BPTP Capital City, Plot No — 2B, Sector-94, Noida, Gautam Buddha Nagar — 201301 Uttar Pradesh, India T +91 120 485 5999 F +91 120 485 5902 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Indian Energy Exchange Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Indian Energy Exchange Limited ('the Company') for the quarter ended 30 September 2025 and the year to date results for the period 1 April 2025 to 30 September 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chartered Accountants Offices in Ahmedabad Bengaluru. Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Indore, Kochi, Kolkata, Mumbai New Delhi Nada and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus Outer Circle New Delhi, 110001, India
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Walker Chandiok &Co LLP Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) 5. The Statement includes the interim financial information of the IEX ESOP Trust, which has not been reviewed by their auditor, whose interim financial information reflects total assets of Rs. 1,677.56 lakhs as at 30 September 2025 and total revenues of Rs. Nil and Rs. Nil, total net profit after tax of Rs. 27.88 lakhs and Rs. 102.74 lakhs, total comprehensive income of Rs. 27.88 lakhs and Rs. 102.74 lakhs for the quarter and year to date period ended 30 September 2025 respectively, and cash flow (net) of Rs. 23.36 lakhs for the six-month period ended 30 September 2025, as considered in the Statement. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the IEX ESOP Trust, is solely based on such unreviewed interim financial information. According to the information and explanations given to us by the management, this interim financial information are not material to the Company. Our conclusion is not modified in respect of this matter with respect to our reliance on the aforesaid financial information certified by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Rohit Arora Partner Membership No. 504774 UDIN: 25504774BMIDUE7207 Place: Noida Date: 30 October 2025 Chartered Accountants
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Indian Energy Exchange Limited Registered Office: First Floor, Unit No.1.14(a), Avanta Business Centre, Southern Park, D-2, District Centre, Saket, New Delhi - 110017 Corporate Office: Plot No. C-001/A/1, 9th Floor, Max Towers, Sector 1611, Noida, Gautam Buddha Nagar-201301, Uttar Pradesh, India Phone: +91-120-4648 100, Fax: + 91-120-4648 115, www.iexindia.com, CIN: L74999DL2007PLC277039 Statement of Unaudited Standalone Financial Results for the quarter and half rear ended 30 September 2025 (All amounts in Indian Rupees (Z) lakhs, except share data and unless otherwise stated) Sr.No. Particulars Quarter ended Half Year ended Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Income 1 Revenue from operations 15,224.42 13,998.81 13,924,38 29,223.23 26,280.58 53,537.01 2 Other income 3.449.32 4,252.37 2.861,06 7,701_69 5,939.45 11.892_43 3 Total income (1+2) 18,673.74 18,251.18 16,785.44 36,924.92 32,220.03 65,429.44 4 Expenses (a) Employee benefits expense 1,165.22 1,197.37 1,195,67 2,362.59 2,264.40 4,497.17 (b) Finance costs 53.29 58,00 65,99 111.29 133.29 261.68 (c) Depreciation and amortisation expenses 568.82 543.14 531.91 1,111.96 1,054.72 2,120.00 (d) Other expenses 858.37 1,411.57 699.55 2,269.94 1,984.16 3.529.59 Total expenses 2,645.70 3,210.08 2,493.12 5,855.78 5,436.57 10,408.44 5 Profit before tax (3-4) 16,028.04 15,041.10 14,292.32 31,069.14 26,783.46 55,021.00 6 Tax expense Current tax 3,903.36 3,760 83 3,469.54 7,664 19 6,430 99 13,164 85 Deferred tax (credit) / charge (36,67) (23 82) 214.38 (60.49) 401 75 391.33 Total tax expense 3,866.69 3,737.01 3,683.92 7,603.70 6,832.74 13,556.18 7 Profit for the period (5-6) 12,161.35 11,304.09 10,608.40 23,465.44 19,950.72 41,464.82 8 Other comprehensive income (OCI) Items that will not be reclassified to profit or loss - Re-measurements of defined benefit liability/ (asset) 48.57 (56.85) 13.39 (8.28) (32.05) (6 11) - Income tax relating to above (12.23) 14.31 (3.37) 2.08 8_08 1 54 Other comprehensive income for the period, net of tax 36.34 (42.54L 10.02 (6.20) (23.97) (4.57) 9 Total comprehensive income for the period (7+8) 12,197.69 11,261.55 10,618.42 23,459.24 19,926.75 41,460.25 10 Paid-up equity share capital (face value Z 1/- per share) 8,908,95 8,908.95 8,908 75 8,908 95 8,908.75 8,908.78 11 Other equity 1,00,865 32 12 Earnings per equity share (Z) (Par value Z 1/- per share) (Not annualised) Basic (Z) 1.37 1 27 1.19 2.64 2.24 4 66 Diluted (Z) 1 37 1 27 1.19 2.64 2.24 4.66 See accompanying notes to the financial results te_ SIGNED FOR IDENTIFICATION PURPOSES
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Notes 1. Statement of Standalone assets and liabilities (All amounts in lakhs S.No. Particulars As at 30 September 2025 (Unaudited) As at 31 March 2025 (Audited) A ASSETS 1 Non-current assets Property, plant and equipment 1,259,60 1,034 47 Capital work-in progress 112.60 - Right-of-use assets 303,06 485 07 Other intangible assets 6,700,34 7,153 81 Intangible assets under development 867.55 413.12 Financial assets (i) Investments 30,268.57 42,052.13 (ii) Other financial assets 815.47 6,490,53 Other tax assets (net) 23.77 4.99 Other non-current assets 41 95 63.19 Total non-current assets 40,392.91 57,697.31 2 Current assets Financial assets (i) Investments 1,31,198 24 1,17,656.07 (ii) Trade receivables 83.74 201,04 (iii) Cash and cash equivalents 1,470 07 10,663.55 (iv) Bank balance other than (iii) above 5,986 52 601.08 (v) Loans 150.96 (vi) Other financial assets 1,767 29 22,023.09 Other current assets 2,558.67 6,729.14 Total current assets 1,43,064.53 1,58,024.93 TOTAL ASSETS 1,83,457.44 2,15,722.24 B EQUITY AND LIABILITIES 1 Equity Equity share capital 8,908.95 8,908.78 Other equity 1,11,089.89 1,00,865.32 Total equity 1,19,998.84 1,09,774.10 Liabilities 2 Non-current liabilities Financial liabilities (i) Lease liabilities 114.88 196.20 (ii) Other financial liabilities 290.05 318.33 Provisions 1,282.83 1,143,36 Deferred tax liabilities (net) 3,399.37 3,461.94 Other non-current liabilities 216.56 221.59 Total non-current liabilities 5,303.69 5,341.42 3 Current liabilities Financial liabilities (i) Lease Liabilities 258.66 419 27 (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises 15,48 6.76 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 1,074.15 326.46 (iii) Other financial liabilities 52,091.32 96,744.93 Other current liabilities 2,237.62 2,313,14 Provisions 30.68 29.16 Current tax liabilities (net) 2,447.00 767 00 Total current liabilities .5-,,Ap.INOZN ... 58,154.91 1,00,606.72 Total liabilities 7.----..„Nwr;\ 63,458.60 1.05.948.14 TOTAL EQUITY AND LIABILITIES • .( \ '--\ -.- 1,83,457.44 2,15,722.24 SIGNED FOR IDENTIFICATION PURPOSES
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"SIGNED FOR IDENTIFICATION PURPOSES 674.57 73 34 795.50 1,870 71 1,470.07 1,944.05 1A. Statement of Standalone Cash Flows (All amounts in Z lakhs) For the period ended For the period ended 30 September 2025 30 September 2024 A. Cash flows from operating activities Profit before tax 31,069.14 26,78146 Adjustments for: Depreciation and amortisation expenses 1,111.96 1,054.72 Interest expense on financial liabilities (settlement guarantee fund) measured at amortised cost 23.72 19.01 Interest expense on bank overdraft, lease liability and others 87.57 114.28 Loss on sale of property, plant and equipment 0.02 Equity-settled share-based payment 42.75 101.05 Interest income from bank deposits (250.32) (189.91) Interest income from financial assets at amortised cost (security deposits) (12 01) (9.73) Amortisation of deferred settlement guarantee fund (23.63) (22.42) Fair value gain on investments measured at fair value through profit or loss (2,303.23) (1,197.24) Gain on sale of investments measured at fair value through profit or loss (net) (1,360,49) (753.34) Provision/ liabilities no longer required written back (1.71) Interest income on loans (3.34) Interest income on investments measured at amortised cost (3,154.14) (3,648.60) Dividend income (534.72) (16.88) Operating profit before working capital changes 24,693.28 22,232.69 Adjustments for: Decrease in trade receivables 117.30 7,281.41 Decrease in other financial assets and other assets 24,452.84 365.63 (Decrease) in trade payables, other financial liabilities, provisions and other liabilities (44,323.52) (13,101.79) Cash generated from operating activities 4,939.90 16,777.94 Income tax paid (net of refund) (6,002.97) (5,386.85) Net cash (used in) / generated from operating activities (1,063.07) 11,391.09 B. Cash flows from investing activities Purchase of Property, plant and equipment and other intangible assets (876.85) (181.17) Proceeds from sale of Property, plant and equipment and other intangible assets 0.69 14.00 Loans to related parties (net) 150.00 Proceed from / (Investment in) bank deposits including unpaid dividend (net) 498.42 (13.81) Inflow / (Outflow) from sale / purchase of investments (net) 1,406.65 (12,023.95) Interest income received on bank deposits 48.60 2.84 Interest income received from investments 3,652.60 1,556.30 Interest income received from loans to related parties 4.40 Dividend income received 534.72 16.88 Net cash generated / (used in) investing activities 5,419.23 (10,628.91) C. Cash flows from financing activities Interest paid on overdraft and others Principal repayment of lease liabilities Interest paid on lease liabilities Proceeds from exercise of share options Dividend paid (net of dividend received [net of taxi by ESOP trust) Net cash (used in) financing activities (13,549.64) (13,598.251 D. Net (decrease) in cash and cash equivalents during the period (A+B+C) (9,193.48) (12,836.07) E. Cash and cash equivalents at the beginning of the period 10,663.55 14,780 12 F. Cash and cash equivalents as at the end of the period (D+E) (5,30) (241.93) (25,16) 71.21 (13,348.46) (5.90) (217.93) (46.22) 15.72 (13,343 92) 1,470.07 1,944.05 Notes: (i) Cash and cash equivalents consists of the following Cash and cash equivalents as at the end of the period Balance with banks In current accounts In settlement accounts Bank deposits with ori MalDc less than three months 41/ C) k
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Satyanarayan Goel (DIN: 02294069) ek Chairman & Managing Director Place: Noida Date: 30 October 2025 Notes (contd....): 2. The above statement of unaudited standalone financial results for the quarter and half year ended 30 September 2025 have been reviewed by the Audit Committee and approved by the Board of Directors of Indian Energy Exchange Limited (`the Company') in their respective meetings held on 30 October 2025. These have been reviewed by the Statutory Auditor of the Company. 3. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standard ('Ind AS') as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 4. The Company is a registered power exchange and the same constitutes a single operating segment. Therefore, there are no other reportable segments in terms of the requirements of Ind AS 108 `Operating Segment'. 5. The Company had framed an "Employee Stock Option Scheme - 2010" ("ESOP Scheme"), which was duly approved by the Shareholders and Board of Directors of the Company. The ESOP Scheme is administered by the IEX ESOP Trust ("ESOP Trust") on behalf of the Company. During the half year ended 30 September 2025, 50,540 options have been exercised. 6. In the meeting held on 24 April 2025, the Board of Directors of the Company had recommended a final dividend of 1.5 per equity share of face value 1 each for the financial year ended 31 March 2025, which was approved by the shareholders at the 19th Annual General Meeting held on 11 September 2025. The aforesaid dividend has been paid during the quarter ended 30 September 2025. 7. The review report of the Statutory Auditor is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on these standalone financial results, visit Investor Relations section of our website -at https://www.iexindia.com/investors/financials and financial results at corporate section at www.bseindia.com and www.nseindia.com . For and on behalf of Indian Energy Exchange Limited SIGNED FOR IDENTIFICATION PURPOSES
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Walker Chandiok &Co LLP Walker Chandiok & Co LLP Unit No 02, Second Floor, BPTP Capital City, Plot No — 2B, Sector-94, Noida, Gautam Buddha Nagar — 201301 Uttar Pradesh, India T +91 120 485 5999 F +91 120 485 5902 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Indian Energy Exchange Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Indian Energy Exchange Limited ('the Holding Company') and its subsidiary (the Holding Company and its subsidiary together referred to as 'the Group') and its associate (refer Annexure 1 for the list of subsidiary and associate included in the Statement) for the quarter ended 30 June 2025 and the consolidated year to date results for the period 1 April 2025 to 30 September 2025, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Chartered Accountants Offices in Ahmedabad, Bengaluru Chandigarh, Chennai, Dehradun, Goa Gurugram, Hyderabad, Indore, Kochi, Kolkata Mumbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle New Delhi, 110001, India
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Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) 5. The Statement includes the interim financial information of the IEX ESOP Trust included in the unaudited interim standalone financial results of the Holding Company, which has not been reviewed by their auditor, whose interim financial information reflect, total assets of 1,677.56 lakh as at 30 September 2025, total revenue of Nil and Nil, total net profit after tax of Rs. 27.88 lakhs and Rs. 102.74 lakhs, total comprehensive income of Rs. 27.88 lakhs and Rs. 102.74 lakhs for the quarter and year to date period ended 30 September 2025 respectively, and cash flow (net) of Rs. 23.36 lakhs for the six-month period ended 30 September 2025, as considered in the Statement and as considered in the unaudited interim standalone financial results of the Holding Company included in the Group. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the IEX ESOP Trust are solely based on such unreviewed interim financial information. According to the information and explanations given to us by the management, this interim financial information are not material to the Group. Further, the Statement includes the interim financial information of one (1) subsidiary, which has not been reviewed by their auditor, whose interim financial information reflect total assets of X623.12 lakhs, total revenue of 168.07 lakhs and 344.40 lakhs, net profit after tax of 120.59 lakh and 217 91 lakh, and total comprehensive income of 120.59 lakh and 217.91 lakh for the quarter and year to date period ended 30 September 2025, respectively, and cash flow (net) of Rs. (4.29) lakhs for the six- month period ended 30 September 2025, as considered in the Statement. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the subsidiary are solely based on such unreviewed interim financial information. According to the information and explanations given to us by the management, these interim financial information are not material to the Group. Our conclusion is not modified in respect of these matters with respect to our reliance on the aforesaid financial information certified by the Board of Directors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 P‘ Rohit Arora Partner Membership No. 504774 UDIN: 25504774BMIDUF2057 Place: Noida Date: 30 October 2025 Chartered Accountants
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Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd) Annexure 1 List of entities included in the Statement 1) Subsidiary - International Carbon Exchange Private Limited 2) Associate - Indian Gas Exchange Limited Chartered Accountants
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Indian Energy Exchange Limited Registered Office: First Floor, Unit No.1.14(a), Avanta Business Centre, Southern Park, D-2, District Centre, Saket, New Delhi - 110017 Corporate Office: Plot No. C-001/A/1, 9th Floor, Max Towers, Sector 16B, Noida, Gautam Buddha Nagar-201301, Uttar pradesh, India Phone: +91-120-464 8100, Fax: + 91-120-464 8115, www.iexindia.com, CIN: L74999DL2007PLC277039 Statement of Unaudited Consolidated Financial Retail!' for the nuance anti half sear ended 30 September 2025 (All amounts in Indian Rupees (0) lakhs, except share data and unless otherwise stated) S.No. .- Particulars Quarter ended lialf Year ended Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) income I Revenue from operations 15,392 49 14,175 14 13,939 91 29,567 63 26,296 I I 53,726 23 2 Other income 2.934 32 4.242 81 2.836 97 7.177 13 5.927 78 12.010 46 3 TWA income (1+2) 18,326.81 18,417.95 16,776.88 36,744.76 32,223.89 65,736.69 4 Es pane.% in) Employee henclits L.4.pens0 1,184 33 1,229 36 1,216 03 2,413 69 2,315 43 4,613 84 lb) Firs ice cams 53 29 58.00 65 99 III 29 133.29 261 68 (c) Depreciation and amortisation expense 569.46 544 60 533 10 1,114.06 1,057 09 2,125 16 (d) Other expenses 862-37 1.415.15 734.14 2,277.52 2,056.31 3.745 56 Total expenses 2,669.45 3,247.11 2,549.26 5,916.56 5,562.12 10,746.24 5 Profit before share of profit of associate and income tax (3-4) 15,657.36 15,170.84 14,227.62 30,828.20 26,661.77 54,990.45 6 Share in profit of associate (net of tax) 452,55 668 26 288 53 1,120 81 646.35 1,463.15 7 Profit before tax (5+6) 16,109.91 15,839.10 14,516.15 31,949.01 27,308.12 56,453.60 8 Tax expense Current tax 3,807.03 3,774 79 3,469 54 7,581 82 6,430 99 13,166.36 Deferred tax charge / (credit) (31 79) (5 36) 214 24 (37 15) 400 74 370.33 Total tax expense 3,775.24 3,769.43 3,683.78 7,544.67 6,831.73 13,536.69 9 Profit for the period (7-8) 12,334.67 12,069.67 10,832.37 24,404.34 20,476.39 42,916.91 10 Other comprehensive income (00) Items that will not be reclassified to profit or loss Re-measurements of defined benefit liability/ (asset) 48 57 (56 85) 14 11 (8 28) (31 33) (6 39) Share of other comprehensive income of associate accounted for using the equity method 2 90 (5 06) (2 16) - 7 90 Income tax relating to items that will not be reclassified to profit or loss Re-measurements of defined benefit liability/ (asset) (12 23) 14 31 (3 55) 2 08 7 90 1 61 Share of other comprehensive income of associate accounted for using the equity method (0.73) 1.27 0 54 (I 99) Other comprehensive income for the period, net of tax 38.51 (46.33) 10.56 (7.82) (23.43), 1.13 II Total comprehensive income for the period (9+10) 12.373,18 12.023.34 10,842,93 24.396.52 20.452.96 42,918.04 12 Profit for the period attributable to: Owner of the Company 12,334.67 12,069.67 10,832 37 24,404 34 20,476 39 42,916 91 Non-controlling interests - - - 13 Other comprehensive income for the period attributable to: Owner of the Company 38 51 (46 33) 10 56 (7 82) (23 43) 1 13 Non-controlling interests - - 14 Total comprehensive income for the period attributable to: Owner of the Company 12,373 18 12,023 34 10,842 93 24,396 52 20,452 96 42,918 04 Non-controlling interests - - 15 Paid-up equity share capital (face value - 0 1/- per share) 8,908 95 8,908.95 8,908 75 8,908 95 8,908.75 8,908 78 16 Other equity 1,04,721 53 17 Earnings per equity share (0) (Par value 0 1/- per share) (Not annualised) Basic (0) 1 39 I 36 1 22 2 75 2 30 4 83 Diluted (0) 1 39 1 36 122 2 75 2 30 4 83 See accompanying notes to the financial results SIGNED FOR IDENTIFICATION PURPOSES
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Notes 1. Statement of Consolidated assets and liabilities (All amounts in Z lakhs) S.No. Particulars As at 30 September 2025 (Unaudited) As at 31 March 2025 (Audited) A ASSETS 1 Non-current assets Property, plant and equipment 1,261.87 1,040.20 Capital work-in progress 112.60 - Right-of-use assets 303.06 485.07 Other intangible assets 6,704.51 7,158.39 Intangible assets under development 867.55 413.12 Investments accounted for using the equity method 8,161 99 7,574.70 Financial assets (i) Investments 26,222.57 38,006.13 (ii) Other financial assets 815.47 6,490.53 Deferred tax assets (net) 4.39 27.74 Other tax assets (net) 53.37 32 99 Other non-current assets 41.95 63.19 Total non-current assets 44,549.33 61,292.06 2 Current assets Financial assets (i) Investments 1,31,358.46 1,17,768.65 (ii) Trade receivables 149.93 261.99 (iii) Cash and cash equivalents 1,495.61 10,693.38 (iv) Bank balance other than (iii) above 5,986.52 601.08 (v) Other financial assets 2,086.24 22,314.24 Other current assets 2,562.47 6,734.51 Total current assets 1,43,639.23 1,58,373.85 TOTAL ASSETS 1,88,188.56 2,19,665.91 B EQUITY AND LIABILITIES 1 Equity Equity share capital 8,908.95 8,908.78 Other equity 1,15,883.35 1,04,721.53 Equity attributable to shareholders of the Company 1,24,792.30 1,13,630.31 Non-controlling interests - - Total equity 1,24,792.30 1,13,630.31 Liabilities 2 Non-current liabilities Financial liabilities (i) Lease liabilities 114.88 196.20 (ii) Other financial liabilities 290.05 318.33 Provisions 1,303.62 1,180.64 Deferred tax liabilities (net) 3,399 37 3,461.95 Other non-current liabilities 216.56 221.59 Total non-current liabilities 5,324.48 5,378.71 3 Current liabilities Financial liabilities (i) Lease liabilities 258.66 419.27 (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises 15.48 7.47 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 1,094.18 342.07 (iii) Other financial liabilities 52,100.05 96,771.44 Other current liabilities 2,255 19 2,320.05 Provisions 31.10 29.59 Current tax liabilities (net) 2,317.12 767.00 Total current liabilities 58,071.78 ' 1,00,656.89 Total liabilities e.c.,j EXCh 63,396.26 1,06,035.60 T5TFUIRITY AND LIABILITIES ei . -‘1', 1,88,188.56 2,19,665.91 \':',§IGNED FOR IDENTIFICATION PURPOSES
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1A. Statement of Consolidated Cash Flows A. Cash flows from operating activities Profit before tax Adjustments for: Depreciation and amortisation expenses Interest expense on financial liabilities (settlement guarantee fund) measured at amortised cost Interest expense on bank overdraft, lease liability and others Loss on sale of property, plant and equipment Equity-settled share-based payment Interest income from bank deposits Interest income from financial assets at amortised cost Amortisation of deferred settlement guarantee fund Fair value gain on investments measured at fair value through profit or loss Gain on sale of investments measured at fair value through profit or loss (net) Provision/ liabilities no longer required written back Interest income on investments at amortised cost Share in profit of associate (net of tax) Dividend income Operating profit before working capital changes Adjustments for: Decrease in trade receivables Decrease in other financial assets and other assets (Decrease) in trade payables, other financial liabilities, provisions and other liabilities Cash generated from operating activities Income tax paid (net of refund) Net cash (used in) / generated from operating activities B. Cash flows from investing activities Purchase of Property, plant and equipment and other intangible assets Proceeds from sale of Property, plant and equipment and other intangible assets Proceeds from bank deposits including unpaid dividend (net) Inflow / (Outflow) from purchase of investments (net) Interest received on bank deposits Interest income from investments Distribution received from associate Dividend income Net cash generated / (used in) investing activities C. Cash flows from financing activities Interest expenses on overdraft and others Principal repayment of lease liability Interest paid on lease liability Proceeds from exercise of share options Dividend paid (net of dividend received [net of tax] by ESOP trust) Net cash (used in) financing activities D. Net (decrease) in cash and cash equivalents during the period (A+B+C) E. Cash and cash equivalents at the beginning of the year F. Cash and cash equivalents as at the end of the period (D+E) Notes: (i) Cash and cash equivalents consists of the following Cash and cash equivalents as at the end of the eriod Balance with banks In current accounts In settlement accounts SIG ED FOR IDENTIFICATION PURPOSES (All amounts in Z lakhs) For the year ended 30 September 2025 For the year ended 30 September 2024 31,949.01 27,308.12 1,114.06 1,057.09 23.72 19.01 87.57 114.28 0.02 .- 42.75 101.05 (250.32) (192.80) (12,01) (9.73) (23.63) (22.42) (2,307.87) (1,197.57) (1,360,49) (755.00) - (1.71) (3,154.14) (3,648.60) (1,120.81) (646.35) (2.82) (16.88) 24,985.04 22,108.49 113.02 7,262.05 24,427.54 356.46 (44,345.27) (13,089.41) 5,180.33 16,637.59 (6,052.07) (5,387.25) (871.74) 11,250.34 (877.90) (183.67) 3.52 14.00 498.42 111.19 1,363.65 (12,0I0A5) 48.60 5.95 3,652.60 1,556.30 531.90 2.82 16.88 5,223.61 (10,489.80) (5.30) (5.90) (241.93) (217.93) (25.16) (46.22) 71.21 15.72 (13,348.46) (13.343.92) (13,549.64) (13,598.25) (9,197.77) (12,837.71) 10,693.38 14,790.29 1,495.61 1,952.58 700.11 81.87 795.50 1,870.71 1,495.61 1,952.58
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r•-> Nly Chairman & Managing Director atyanarayan Goel (DIN: 02294069) k. Notes (contd....): 2. The above Statement of unaudited consolidated financial results for the quarter and half year ended 30 September 2025 includes financial results of Indian Energy Exchange Limited ("the Parent") and its subsidiaries, IEX ESOP Trust ("ESOP Trust") and International Carbon Exchange Private Limited (ICX) (the Parent and its subsidiaries together referred to as "the Group") and its associate Indian Gas Exchange Limited. 3. These results have been reviewed by the Audit Committee and approved by the Board of Directors of Parent in their respective meetings held on 30 October 2025. These have been reviewed by the Statutory Auditor of the Parent. 4. As per the requirements of Ind AS 108- "Operating Segments", there is only one reportable segment. 5. The Parent had framed an "Employee Stock Option Scheme - 2010" ("ESOP Scheme"), which was duly approved by the Shareholders and Board of Directors of the Parent. The ESOP Scheme is administered by the IEX ESOP Trust ("ESOP Trust") on behalf of the Parent. During the half year ended 30 September 2025, 50,540 options have been exercised. 6. In the meeting held on 24 April 2025, the Board of Directors of the Parent had recommended a final dividend of 1.5 per equity share of face value 1 each for the financial year ended 31 March 2025, which was approved by the shareholders at the 19th Annual General Meeting held on 11 September 2025. The aforesaid dividend has been paid during the quarter ended 30 September 2025. 7. The review report of the Statutory Auditor is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on these consolidated financial results, visit Investor Relations section of our website at https://www.iexindia.com/investors/financials and financial results at corporate section at www.bseindia.com and www.nseindia.com . For and on behalf of Indian Energy Exchange Limited Place: Noida Date: 30 October 2025 SIGNED FOR IDENTIFICATION PURPOSES