IEX share price rebounds 12% after sharp fall; Q1 FY26 profit up 21%

Market performance

• IEX share price jumped over 12% intraday on Friday, July 25 after a brutal nearly 28–30% slide in the previous session.
• At 9:50 a.m. IST, the IEX share price was ₹145.99, up 10.3% on the NSE versus Thursday’s close.
• The bounce came on the back of a strong June-quarter (Q1 FY26) earnings print and bargain hunting after the steep decline.

Main news

Indian Energy Exchange (IEX) posted a standalone net profit of ₹113 crore in Q1 FY26, a 21% rise from ₹93 crore in Q1 FY25. The IEX share price reacted positively to the earnings surprise in the early trade.

Key financials (Q1 FY26 vs Q1 FY25)

• Net profit: ₹113 crore, +21% YoY (₹93 crore)
• Revenue from operations: ₹140 crore, +13% YoY (₹124 crore)
• Expenses: ₹32 crore, +9% YoY

Company & regulatory backdrop

• The sharp sell-off on Thursday followed reports that the Central Electricity Regulatory Commission (CERC) cleared market coupling for the Day Ahead Market (DAM).
• What market coupling means (as per reference article):
  • All buy and sell bids across India’s power exchanges will be pooled and matched.
  • A single, uniform Market Clearing Price (MCP) will be discovered at any point in time.
• The development directly touches IEX’s transaction income, which, per the article, accounts for over 70% of its total income — a key metric that traders are watching closely.
• Despite today’s rebound in the IEX share price, the regulatory overhang remains a central narrative for the stock.

Summary

• IEX share price staged a double-digit rebound on July 25 after a 21% YoY jump in Q1 FY26 net profit and 13% growth in revenue.
• The preceding ~28% crash was triggered by the CERC’s nod to market coupling, which could influence IEX’s core transaction-led income (>70% of total income).
• For now, the IEX share price is stabilising on earnings strength, even as regulatory changes keep sentiment cautious.