IRM Energy Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2025.
IRMENERGY · price
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IRM Energy's board approved Q1 FY26 results with consolidated revenue from operations rising to Rs. 2,854.78 million (up from Rs. 2,438.93 million in Q1 FY25), driven by a 14% volume growth to 54.80 mmscm. However, consolidated PAT fell to Rs. 139.21 million from Rs. 187.03 million year-on-year, and standalone PAT declined to Rs. 142.77 million from Rs. 187.65 million, mainly due to lower APM gas allocation (~36% vs ~60%) raising blended gas costs. EBITDA stood at Rs. 341.01 million with EPS of Rs. 3.39 (consolidated). The board fixed September 18, 2025 as the record date for a Rs. 1.50 per share dividend (subject to AGM approval on September 25, 2025). The board also gave in-principle approval for the merger of Enertech Distribution Management Private Limited with the company and categorized Mr. Jayaprakash Narayana Murthy (EVP-Projects) as Senior Management Personnel. The company booked a Rs. 37.52 million impairment on its joint venture exposure to Ni-Hon Cylinders and approved the strike-off of subsidiary Ski Clean Energy.
Mixed signals for shareholders: revenue and volumes are growing, but profitability dipped due to unfavorable gas allocation. The proposed dividend of Rs. 1.50 per share offers modest income, while the in-principle merger with Enertech Distribution Management could be a strategic value driver if executed well. The impairment on JV exposure and subsidiary write-off are minor drags but already recognized in the numbers.