30-Oct-2026 21:50:42
IRM ENERGY Q2 FY27: PAT SURGES 103% YOY; RECORD GAS SALES VOLUMES, CNG VOLUMES UP 25% & NETWORK EXPANSION PLANS
• Quarterly Results: Revenue increased 28.7% YoY to ₹333.91 Cr, EBITDA surged 77.2% to ₹47.32 Cr and PAT jumped 102.5% to ₹25.43 Cr • Margin Improvement: EBITDA margin expanded 388 bps YoY to 14.17% from 10.29%, supported by improved sales mix, operating leverage and efficient gas sourcing • Record Sales Volumes: Total gas sales reached an all-time quarterly high of 61.23 MMSCM, up 12% YoY • CNG Business Growth: CNG sales volumes surged 24.6% YoY to 39.73 MMSCM, supported by increasing demand and network expansion • Commercial PNG Growth: Commercial PNG volumes increased 50% YoY to 0.90 MMSCM, reflecting stronger customer demand • Industrial PNG: Volumes declined 7.85% YoY to 18.19 MMSCM, while domestic PNG volumes declined marginally by 0.82% • CNG Network Expansion: Total CNG stations increased 34% YoY to 156, while dispensing points grew 36% to 576 • PNG Customer Expansion: Domestic PNG connections increased 14% YoY to 89,308, while commercial connections surged 48% to 657 • Pipeline Infrastructure: Network expanded to 7,313 inch-km of steel pipelines and 3,441 km of MDPE pipelines • Geographic Expansion: Management plans to strengthen CNG and PNG networks in Namakkal and Tiruchirappalli, Tamil Nadu • Market Penetration: Focused on deeper expansion across Banaskantha, Fatehgarh Sahib and Diu & Gir Somnath to capture rising natural gas demand • Balance Sheet: Company maintained a net-debt-free financial position, supporting future infrastructure development and business growth • Future Growth Plans: Focused on expanding CNG stations, increasing PNG connections, improving network utilisation and capturing opportunities across mobility, domestic, commercial and industrial segments • FY27 Guidance & Capex: Management highlighted continued network expansion and profitable growth but did not disclose specific FY27 Guidance
IRM ENERGY LIMITED