Hindustan Power Exchange Limited – Q3 FY25 Update

​Hindustan Power Exchange Limited reported a stable topline performance for Q3 FY26, with Total Income rising to ₹8.64 crore, compared to ₹8.22 crore in Q3 FY25, reflecting gradual improvement in trading activity on the platform.

However, profitability weakened during the quarter, with the company reporting a net loss (PAT) of ₹2.46 crore, versus a profit of ₹1.28 crore in the corresponding period last year, indicating cost pressures and evolving market dynamics.

For the nine-month period (9M FY26):

• Total Income increased to ₹36.4 crore from ₹30.27 crore YoY
• PAT stood at ₹4.42 crore, compared to ₹8.38 crore in 9M FY25

Source & Context:
These figures are derived from the Q3 earnings call transcript of PTC India Limited, which holds a 22.3% stake in Hindustan Power Exchange (HPX), providing insights into HPX’s financial performance.

Outlook:
HPX continues to focus on scaling transaction volumes and deepening market participation. With India’s power markets seeing increasing shift toward exchange-based trading, the company remains well-placed to benefit from long-term structural growth, despite near-term earnings volatility.