• The document is a transcript of the Q2 FY27 earnings conference call held on Monday, November 02, 2026 at 10:00 a.m. IST.
  • The purpose of the event was to discuss the company's unaudited financial results and performance for the quarter and half year ended September 30, 2026.
  • Management participants included: Mr. Amitabha Banerjee (Executive Director), Mr. M. K. Sharma (Chief Executive Officer), Mr. Brajesh Singh (Chief Operating Officer), Mr. Ashish Maheshwari (Chief Financial Officer), Mr. Abhinand Pandya (Chief Strategy Officer and IR Head), and Mr. Arunkumar Saluru (Vice President - Finance & Accounts).
  • The transcript will be made available on the company's website at www.irmenergy.com.
  • The call included standard forward-looking statements disclaimer and noted that recording/transcript is company property.

Financial Highlights Discussed:

  • H1 FY27 Revenue: INR 660 crore (up 26% YoY)
  • H1 FY27 EBITDA: INR 109 crore (up 108% YoY)
  • H1 FY27 PAT: INR 59 crore (up 124% YoY)
  • H1 FY27 EBITDA Margin: 16.5% (expanded 646 bps)
  • H1 FY27 PAT Margin: 9% (improved 391 bps)
  • Q2 FY27 Revenue: INR 334 crore (up 29% YoY)
  • Q2 FY27 EBITDA: INR 47 crore (up 77% YoY)
  • Q2 FY27 PAT: INR 26 crore (more than doubled YoY)
  • Q2 FY27 EBITDA Margin: 14.2% (expanded 388 bps)
  • Q2 FY27 PAT Margin: 7.7%

Operational Highlights:

  • Total sales volume reached all-time high of 61.23 MMSCM in Q2 FY27 (up 12% YoY)
  • H1 FY27 volume grew by 10% to 120.16 MMSCM
  • CNG stations increased 34% YoY to 156
  • Dispensing points increased by 36% to 576
  • MDPE pipeline network increased by 20% to 7,313 kilometers
  • Steel pipeline network increased by 17% to 3,441 Inch kilometer
  • Geographic area contribution: Banaskantha 47%, Fatehgarh Sahib 33%, Diu & Gir Somnath 9%, Namakkal & Trichy 11%

Guidance and Outlook:

  • Management expects H2 FY27 EBITDA margin of around 15%
  • Temporary gas supply disruption expected to impact Q3 FY27 performance
  • Focus areas: efficient gas sourcing, volume growth, ramping up Namakkal & Trichy infrastructure, delivering CapEx plan
  • Evaluating acquisition and diversification opportunities across energy landscape

Capital Structure:

  • Total debt: INR 45 crore (as of September 2026)
  • Cash and investments: INR 253 crore
  • Net debt-free position
  • Net worth: approximately INR 1,050 crore
  • IPO proceeds utilization: INR 358.68 crore utilized out of INR 496 crore received
  • Remaining INR 137.08 crore to be utilized for Namakkal and Tiruchirappalli network development

Additional Notes Section

  • The document is a regulatory filing submitted to NSE and BSE pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The transcript includes the full Q&A session with analysts from Aurum Edge, Knightstone Capital, HDFC Securities, Old Bridge Mutual Fund, and Kapoor & Company.
  • The document contains detailed financial and operational data as presented during the earnings call.