IRM Energy Limited has informed the Exchange about General Updates
IRMENERGY · price
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Awaiting price reaction for this filing.
IRM Energy reported Q1FY26 consolidated revenue of Rs. 2,625 Mn, broadly flat sequentially but up ~16% YoY, helped by a 14% rise in total volume. Operating EBITDA jumped 50% QoQ to Rs. 259 Mn (down YoY from Rs. 303 Mn), driven by efficient gas sourcing and a richer sales mix with CNG rising to 59% of volumes from 50%. EBITDA per SCM improved sharply to Rs. 4.72 from Rs. 3.04 in Q4FY25. Profit after tax stood at Rs. 139 Mn versus Rs. 44 Mn in Q4FY25 and Rs. 187 Mn in Q1FY25. The company hit record CNG volumes of 32.35 mmscm (+21% YoY), commissioned its 60,000th domestic PNG connection in Banaskantha, and signed a CBG offtake pact with IAV Biogas and GAIL along with an MoU with RedTaxi.
Sharp improvement in unit economics (EBITDA per SCM) and strong CNG volume growth are positives, but YoY EBITDA and PAT declines on lower APM gas allocation remain a concern. Stock may react positively to the margin recovery narrative, though Crisil's revision to a Negative outlook and pending IPO capex deployment of ~Rs. 2,527 Mn are watchpoints.