Financial results for the period ended September 30, 2025

Looking ahead, we expect power demand to grow steadily at 6% to 8% annually, although short term volatility may arise due to transient weather conditions.

We expect to penetrate deeper into the opportunity space around identified growth areas and maintain our leadership position.

Notably, 52% of the trading volume came from exchange traded products, so which again confirms the broad trajectory where in the market is slowly migrating towards the exchange products from bilateral products.

The renewable energy was a key driver, which grew about 13% over previous year and now accounts for nearly 14% of the total energy mix.

Looking ahead, we expect power demand to grow steadily at 6% to 8% annually, although short term volatility may arise due to transient weather conditions.

We expect to penetrate deeper into the opportunity space around identified growth drivers and maintain our leadership position.