| Revenue growth | Standalone revenue +29% YoY; EBITDA fell QoQ from ₹62 Cr. |
|---|---|
| Margins | Q2 EBITDA margin 14.2%, +388bps YoY; sequentially compressed by gas costs. |
| Demand visibility | CNG and commercial CNG growing; industrial PNG soft; volumes at record. |
| Management confidence | Mixed: confident on H2 margins, but CEO declined Q3 margin guidance. |
Growth
Q2 revenue +29% YoY, volume +12% YoY (61.2 MMSCM). EBITDA +77% YoY but down QoQ from ₹62 Cr in Q1.
Outlook
Q3 margin hit from gas allocation. CFO expects H2 EBITDA margin ~15%. FY27 capex plan ₹250–260 Cr.
Risks
HPHT allocation cuts, spot price volatility, Brent and USD pressure. Q3 explicitly weaker; industrial PNG volumes soft.
Last quarter's promises, checked
Delivered
- Rev growth ~25% FY27 (min ~20%) → Q2 rev +29% YoY (= BEAT)
- Volume growth 10–12% FY27 → Q2 vol +12% YoY, 61.2 MMSCM (= BEAT)
Partly delivered
- TNSTC 'more than 200 buses' near-term → 183 buses converted (= PARTIAL)
Missed
- Capex ₹250 Cr, 'don't target more than that' → FY27 plan ₹250–260 Cr (= MISS)
- Q1 EBITDA margin 19% to hold 'at least 1–2 more quarters' → Q2 margin 14.2% (= MISS)
Earnings Call Transcript filed with NSE, NSE: IRMENERGY. Summary written with AI assistance from the document.
IRM Energy Ltd: key numbers
- Share price
- ₹226.99
- Market cap
- ₹932.0 Cr
- Revenue (annual)
- ₹1,067 Cr
- Net profit (annual)
- ₹53.21 Cr
- P/E (TTM)
- 10.8×Sector 21.3×
- Promoter holding
- 50.74%+0.00% QoQ
- FII holding
- 1.75%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from IRM Energy Ltd
All →IRM Energy Other Announcement
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IRM Energy Q2 FY27 Results: Net Profit ₹25.4 Cr, Up 101.6% YoY
IRM Energy Ltd reported revenue from operations of ₹363.6 Cr (+29.0% YoY) and net profit of ₹25.4 Cr (+101.6% YoY) for Q2 FY27.
- Key figure
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IRM Energy's press release reports Q2FY27 revenue of ₹333.91 crore, up 28.7% YoY, and PAT of ₹25.43 crore. H1FY27 revenue reached ₹659.76 crore with EBITDA of ₹109.10 crore.
IRM Energy Board Meeting Date
IRM Energy will hold a board meeting on 30 October 2026 to approve unaudited standalone and consolidated half-yearly results for September 2026. The trading window closes from 1 October to 1 November 2026.
IRM Energy Other Announcement
IRM Energy Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI regulatory requirements.