BSECompany Update18h ago · 30 Oct 2026, 09:46 pm
Please find attached herewith Press Release / Media Release on the Financial Results of the Company for the quarter and half year ended September 30, 2026.
IRM Energy Ltd · 544004
✦ AI Summary▲ PositiveResults
IRM Energy Ltd reports Q2FY27 & H1FY27 results, with revenue rising 29% and PAT more than doubling in Q2FY27. H1FY27 revenue grows 26% to ₹660 crore, with EBITDA more than doubling to ₹109 crore and margin expanding by 648 bps.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
IRM Energy Ltd - 544004 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Attachments (1)
📄pdf
Download →
3f500c11-b691-411c-b4f4-034c3e3172c6.pdf
View document text
October 30, 2026
National Stock Exchange of India Limited BSE Limited
"Exchange Plaza" Phiroze Jeejeebhoy Towers
Bandra-Kurla Complex, Bandra (East) Dalal Street
Mumbai - 400051 Mumbai - 400001
Scrip Symbol: IRMENERGY Scrip Code: 544004
Sub: Press/Media Release on Unaudited Financial Results for the quarter and half
year ended September 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find attached herewith a copy of the Press/Media Release on
the Unaudited Financial Results of the Company for the quarter and half year ended
September 30, 2026.
You are requested to take the same on record.
Thanking you.
Yours sincerely,
For, IRM Energy Limited
Akshit Soni
Company Secretary &
Compliance Office
IRM Energy Reports Q2FY27 & H1FY27 Results
Revenue Rises 29%; PAT more than doubles in Q2FY27
H1FY27 revenue grows 26% to ₹660 crore; EBITDA more than doubles to ₹109 crore with margin
expanding by 648 bps
Ahmedabad, October 30, 2026: IRM Energy Limited, one of India’s fast-growing City Gas Distribution companies,
announced its financial and operational performance for the quarter and half year ended September 30, 2026.
Q2FY27’s performance is supported by healthy volume growth, an improving sales mix and continued expansion
of its CNG and PNG network. Total sales volume reached an all-time quarterly high of 61.23 mmscm, registering
growth of 12% YoY, primarily driven by 25% growth in CNG volume and 50% growth in PNG Commercial volume.
Consolidated Financial Performance
Particulars (₹ Crore) Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY
Revenue from Operations* 333.91 259.44 28.70% 659.76 521.94 26.41%
Total Income 368.32 287.31 28.20% 728.35 581.02 25.36%
EBITDA (Ex Other Income) 47.32 26.70 77.23% 109.10 52.56 107.55%
EBITDA Margin 14.17% 10.29% +388 bps 16.54% 10.07% +646 bps
Profit After Tax 25.43 12.56 102.50% 59.23 26.47 123.75%
PAT Margin 7.62% 4.84% +278 bps 8.98% 5.07% +391 bps
*Net of Excise Duty
Operational Performance
Operational Parameter
Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY
(mmscm)
Total Sales Volume 61.23 54.66 12.02% 120.16 109.46 9.78%
CNG Volume 39.73 31.89 24.58% 79.06 64.24 23.07%
PNG Industrial Volume 18.19 19.74 (7.85%) 34.69 39.59 (12.38%)
PNG Commercial Volume 0.90 0.60 50.00% 1.67 1.04 60.58%
PNG Domestic Volume 2.41 2.43 (0.82%) 4.74 4.59 3.27%
Infrastructure and Customer Network
Operational Infrastructure As of September 30, 2026 YoY Growth
CNG Stations 156 34%
CNG Dispensing Points 576 36%
Steel and MDPE Pipeline Network 7,313 inch-km / 3,441 km NA
Domestic PNG Connections 89,308 14%
Commercial PNG Connections 657 48%
Industrial PNG Connections 235 8%
Registered and Corporate Office: Block 8, Magnet Corporate Park, 4th Floor, S.G. Highway, Near Sola Bridge, Ahmedabad, Gujarat 380054
Management Commentary
Commenting on the performance, Mr. M.K. Sharma said:
“We are pleased to report a strong performance in Q2FY27, marked by healthy volume growth and a
significant improvement in profitability. Our quarterly sales volume reached an all-time high of 61.23
mmscm, supported by 25% year-on-year growth in CNG volumes and 50% growth in Commercial PNG
volumes. Revenue from operations grew by 29%, while EBITDA increased by 77%, demonstrating the
operating leverage emerging from our expanding network and improving sales mix.
During H1FY27, our revenue grew by 26% to approximately ₹660 crore, while EBITDA more than doubled
to ₹109 crore. EBITDA margin expanded by 648 basis points to 16.54%. The performance reflects
disciplined gas sourcing, efficient operations and increasing utilisation of the infrastructure created across
our geographical areas.
We continue to strengthen our CNG and PNG network, particularly in Namakkal and Tiruchirappalli, while
driving deeper penetration in Banaskantha, Fatehgarh Sahib and Diu & Gir Somnath. With a net-debt-free
financial position, a growing customer base and visible opportunities across mobility, domestic, commercial
and industrial segments, we remain focused on delivering sustainable and profitable growth.”
About IRM Energy Limited
IRM Energy Limited is a City Gas Distribution company engaged in developing, operating and expanding natural
gas distribution networks across four geographical areas covering six districts in Gujarat, Punjab and Tamil Nadu.
The Company supplies natural gas to CNG, domestic PNG, commercial PNG and industrial PNG customers. As of
September 30, 2026, the Company operated 156 CNG stations and 576 dispensing points, had over 89,000
domestic PNG connections, and maintained a steel and MDPE pipeline network of 7,313 inch-km and 3,441 km,
respectively.
For Further Information, Please Contact
Company Investor Relations
Ashish Maheshwari | Abhinand Pandya Arpit Mundra | Krishna Patel, EY
E: investor.relations@irmenergy.com E: arpit.mundra@in.ey.com; krishna.patel2@in.ey.com
Forward Looking and Cautionary Statement
This press release may contain forward-looking statements regarding IRM Energy Limited’s business prospects, future
developments, financial performance, growth plans, strategies and industry outlook. These statements are based on current
expectations and assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from those expressed or implied. The Company assumes no obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise. This document is for information purposes
only and does not constitute an offer or recommendation to buy, sell or subscribe to any securities of the Company.
Registered and Corporate Office: Block 8, Magnet Corporate Park, 4th Floor, S.G. Highway, Near Sola Bridge, Ahmedabad, Gujarat 380054