Financial Performance Summary

| Particulars (₹ crore) | Q1FY27 | Q1FY26 | YoY Change | Q4FY26 | QoQ Change |

| Revenue from Operations | 325.85 | 262.50 | 24.13% | 279.67 | 16.51% |

| Total Income | 360.03 | 293.72 | 22.58% | 309.37 | 16.37% |

| EBITDA (excl. Other Income) | 61.77 | 25.80 | 139.40% | 30.02 | 105.80% |

| EBITDA Margin | 18.96% | 9.83% | +913 bps | 10.73% | +823 bps |

| Profit after Tax | 34.32 | 14.28 | 140.38% | 13.22 | 159.68% |

| PAT Margin | 10.53% | 5.44% | +509 bps | 4.73% | +581 bps |

Key Financial Highlights

  • Highest ever quarterly revenue of ₹326 crore, representing 24% year-over-year growth
  • Highest ever quarterly EBITDA of ₹62 crore, up 139% year-over-year with EBITDA margin of 19.0%
  • EBITDA per standard cubic meter (SCM) stood at ₹11.38 compared to ₹6.22 in the corresponding quarter of the previous year
  • PAT of ₹34 crore, up 140% year-over-year with PAT margin of 10.5%
  • Capex of ₹67 crore during Q1FY27, with cumulative capex reaching ₹1,090 crore to date

Operational Performance – Q1FY27

Infrastructure Network:

  • 6,985 inch-km steel pipeline network
  • 3,287 km MDPE pipeline network

CNG Stations:

  • 153 CNG stations (37% year-over-year growth)
  • 564 dispensing points (37% year-over-year growth)

PNG Customer Base:

  • 86,590 PNG domestic customers (13% year-over-year growth)
  • 589 PNG commercial customers (36% year-over-year growth)
  • 228 PNG industrial customers (5% year-over-year growth)

Volume Performance:

  • Total gas sales volume grew 8% year-over-year
  • CNG segment volume grew 22% year-over-year
  • PNG Commercial segment volume grew 75% year-over-year

Management Commentary

Mr. Manoj Kumar Sharma, Chief Executive Officer, stated that the healthy performance in Q1FY27 was supported by growth in volumes, expansion of customer base, and disciplined operational execution. The company achieved higher CNG sales volumes and continued to add PNG customers across geographical areas, reflecting increasing adoption of cleaner fuel solutions. Despite unprecedented fluctuations in global gas markets and energy prices, the company maintained reliable supply through prudent gas sourcing and comprehensive operational planning. The company continued to strengthen infrastructure through network expansion and partnerships supporting long-term growth. While margins benefited from certain market factors during the quarter, the focus remains on sustainable business growth through customer additions, infrastructure development, operational efficiency, and enhanced penetration across licensed areas. The company remains optimistic about long-term opportunities in the city gas distribution sector.

Company Background

IRM Energy Limited, part of the Cadila Group, is an integrated City Gas Distribution company engaged in developing and operating CGD networks across India. The company has established a strong presence across authorized geographies in Gujarat, Punjab, Tamil Nadu, and the Union Territory of Diu. As of June 30, 2026, IRM operated a network of 6,985 inch-kms, serving over 86,590 domestic customers, 228 industrial customers, 589 commercial customers, and through 153 CNG stations. With over eight years of operational experience, IRM is among the faster-growing CGD players in India.