Analysts/Institutional Investor Meet/Con. Call Updates

August 12, 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: Transcript of earnings conference call for the quarter ended June 30, 2026 Dear Sir/Madam, In continuation to our previous intimations dated July 27, 2026 and August 07, 2026 and pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Conference Call held on Friday, August 07, 2026 at 16:30 p.m. (IST) in respect of unaudited financial results for the quarter ended June 30, 2026. The same will also be made available on the Company's website at www.irmenergy.com. This is for your information and records. Thanking you. Yours sincerely, For, IRM Energy Limited Akshit Soni Company Secretary & Compliance Officer IRM Energy Limited Q1 FY27 Earnings Conference Call August 07, 2026 MANAGEMENT DETAILS: Mr. M. K. Sharma, Chief Executive Officer Mr. Amitabh Banerjee, Executive Director Mr. Brajesh Singh, Chief Operating Officer - Operations Mr. Ashish Maheshwari, Director - Finance Mr. Arun Kumar Saluru, Chief Financial Officer Mr. Abhinand Pandya, Chief Strategy Officer IRM Energy Limited August 07, 2026 Moderator Good afternoon, ladies and gentlemen. I'm Akash, moderator for the conference call. Welcome to IRM Energy Limited Q1 FY27 Earnings Conference Call. As a reminder, all participants will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing * and then 0 on your touch-tone telephone. Please note this conference is being recorded. I would now like to hand over the floor to Ms. Krishna Patel from EY. Krishna Patel Thank you, Akash, and good evening, everyone. A warm welcome to all participants joining the Q1 FY27 Earnings Conference Call of IRM Energy Limited. Joining us today from the management team are Mr. M. K. Sharma, the CEO; Mr. Amitabha Banerjee, the Executive Director; Mr. Brijesh Singh, COO; Mr. Ashish Maheshwari, Director of Finance; Mr. Arun kumar Saluru, Chief Financial Officer; and Mr. Abhinand Pandya, Chief Corporate Strategy, who will discuss the company's operational financial performance for the quarter, address your questions thereon. Before we begin, I would like to remind you that certain statements made during this call may constitute forward-looking statements. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Please note the audio recording transcript of this call are the property of IRM Energy Limited, will not be copied, reproduced, rebroadcasted, redistributed in any form without the prior consent of the company. With this, I would like to now hand over the call to Mr. M. K. Sharma, the CEO, for his opening remarks. Thank you, and over to you, sir. M. K. Sharma Thank you very much, Krishna, for the introduction, Good evening, everyone. On behalf of the entire IRM Energy team, I would like to thank you for joining us today as we discuss the company's performance of Q1FY27, our operating progress across the geographical areas and their strategic priorities that will guide us through the remaining part of the year and onwards. Amidst the geopolitical developments in the Middle East and Asia, which has resulted into elevated energy prices and volatility across the global gas market, Brent market. We have been also impacted quite a bit. But despite all these challenges, IRM Energy Limited has successfully ensured uninterrupted supply across its operating geographical areas through prudent gas sourcing and operational agility. As supply conditions gradually normalize we remain confident in IRM Energy Limited August 07, 2026 our ability to sustain the growth, supported by the strong balance sheet, expanding infrastructure network and diversified customer base. Despite the challenges during the quarter, I'm happy to share that IRM Energy has delivered highest ever quarterly revenue, EBITDA and the profitability. During the quarter, our revenue from operations stood at INR 326 crore, registering a growth of 24% YoY and 17% QoQ. EBITDA, excluding other income, increased sharply to INR 62 crore, reflecting a growth of 139% YoY, with EBITDA margin expanding to 19% of profit after tax, which stood at INR 34 crore, which is up 140% YoY, with PAT margin improving to 10.5%. This performance was driven by favorable pricing environment, sustained volume growth, and the continued expansion of our infrastructure network across all the 4 GA. Our confidence is in the underlying growth opportunity remaining strong, and we continue to target a 20-25% revenue growth CAGR over the next five years. An encouraging trend across 4 GAs is growing adoption of CNG vehicle. CNG accounts for about 51% of our vehicle sales in Banaskantha and 60% in the Diu & Gir Somnath GA. He was setting this all has demonstrated strong market acceptance of our fuel. While penetration is lower at 15% in Namakkal & Tiruchirappalli and 6% in Fatehgarh Sahib, these regions see substantial headroom for future growth as our network continues to get expanded in those two GAs. From an operational perspective, Q1 FY27 was another quarter of steady progress. Our volumes reached an all-time high of 50.9 MMSCM, growing 8% YoY. This was primarily driven by CNG volume that grew around 22% YoY and strong momentum on CNG commercial volume, which grew 75% YoY. This all has contributed 67% of the total volume during the quarter. While PNG contributed 33%, PNG industrial volumes were impacted during the quarter following the government notification dated 9th March 2026, which resulted in an around 80% of the gas allocation amidst supply disruption arising out of the West Asia conflict. This notification was especially only for industrial supplies, not impacting CNG and PNG domestic areas or even commercial areas. Our network expansion remains on track across all the licensed geographical areas. As on 30th June 2026, we operated 153 CNG stations, and 153 stations is a 37% YoY growth in our station, supported by 564 dispensing points on those locations across our all our 4 GAs. Our CNG station network has grown consistently over the years by our franchisees, DODO, OMC and company-operated model. We continue to deepen our PNG customer base during this quarter, like domestic PNG customers increased to 86,590, to be precise, commercial customers increased to 589 and industrial customers stood at 228 numbers. This represents YoY growth of 13% in domestic customers, 36% in commercial customers and 5% on industrial customers. The growth in PNG connections demonstrates increasing customer acceptance cleaner, safer and more convenient fuel across households, commercial establishments and industrial users. At a geographical level, our portfolio continues to become more balanced and diversified. While Banaskantha remains a strong contributor, accounting for nearly 48% of our Q1 FY27 volume, while DGS GA contributed around and Namakal together contributed 20% of the volumes. IRM Energy Limited August 07, 2026 This Trichy, Namakkal GA will continue to scale up meaningfully as a newer geographical area as the infrastructure rollout is at a very advanced stage. During the quarter, we also made encouraging progress on institutional and commercial partnerships. In Namakkal, we commenced CNG sales to TNSTC, the Tamil Nadu State Transport Corporation buses, with more than 80 buses currently operational. That way, we have got more orders, and shortly, we will be connecting more buses of Namakkal and Trichy. They are go [Showing first 8,000 characters — download PDF for full document]