IRM Energy Ltd — earnings calls

IRM Energy reported Q1 FY27 revenue of INR 326 crore, up 24% YoY and 17% QoQ, with EBITDA excluding other income at INR 62 crore, up 139% YoY, and PAT of INR 34 crore, up 140% YoY. Management attributed the improvement to favorable gas sourcing under long-term HPHT contracts, pricing optimization, and continued volume growth led by CNG, which contributed 67% of total volume. The company also detailed network expansion to 153 CNG stations, progress in Namakkal and Trichy, and IPO proceeds utilization of about 68%.

IRM Energy reported FY26 revenue from operations of Rs 1066.66 crore, up 9% YoY, EBITDA of Rs 112.25 crore, up 17% YoY, and standalone PAT of Rs 56.89 crore, up 21% YoY, on volumes of 223.67 MMSCM. Management attributed the performance to CNG station network expansion to 150 stations, growth in PNG domestic, commercial and industrial connections, and disciplined capital allocation with total debt of Rs 72 crore against cash and bank balance of Rs 242 crore. Management also described one-time items in Q4, including a JV receivable impairment and bank charges, which affected quarterly profitability compared to the preceding quarter.