IRM Energy Limited, a fast-growing City Gas Distribution (CGD) company, reported its best-ever quarterly financial performance for the quarter ended June 30, 2026 (Q1 FY27). The company posted a 24% year-on-year (YoY) growth in revenue, while EBITDA and Profit After Tax (PAT) more than doubled, supported by higher gas volumes, expanding customer base, and improved operating efficiency.
The company announced its unaudited standalone financial results through a press release submitted to the stock exchanges under **Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q1 FY27 Financial Performance
IRM Energy recorded its highest-ever quarterly revenue of ₹325.85 crore, up 24.13% YoY from ₹262.50 crore in the corresponding quarter last year.
| Particulars | Q1 FY27 | Q1 FY26 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹325.85 crore | ₹262.50 crore | 24.13% |
| Total Income | ₹360.03 crore | ₹293.72 crore | 22.58% |
| EBITDA | ₹61.77 crore | ₹25.80 crore | 139.40% |
| EBITDA Margin | 18.96% | 9.83% | +913 bps |
| Profit After Tax (PAT) | ₹34.32 crore | ₹14.28 crore | 140.38% |
| PAT Margin | 10.53% | 5.44% | +509 bps |
The company’s EBITDA margin expanded to 18.96%, while PAT margin improved to 10.53%, reflecting stronger profitability during the quarter.
Operational Highlights
IRM Energy continued expanding its gas distribution network and customer base across its licensed geographical areas.
Infrastructure
- Steel pipeline network reached 6,985 inch-km
- MDPE pipeline network expanded to 3,287 km
Customer Base
- 153 CNG stations (+37% YoY)
- 564 dispensing points (+37% YoY)
- 86,590 PNG domestic customers (+13% YoY)
- 589 PNG commercial customers (+36% YoY)
- 228 PNG industrial customers (+5% YoY)
Gas Sales
Total gas sales volume increased 8% YoY, led by:
- CNG volumes up 22%
- PNG Commercial volumes up 75%
Capital Expenditure
During Q1 FY27, the company invested ₹67 crore in capital expenditure, taking its cumulative capex to ₹1,090 crore, supporting continued infrastructure expansion.
Management Commentary
Chief Executive Officer Manoj Kumar Sharma said the company’s performance was driven by volume growth, customer additions, and disciplined operational execution.
He added that despite volatility in global gas markets and energy prices, IRM Energy maintained uninterrupted gas supply through prudent sourcing strategies and operational planning. The company remains focused on expanding infrastructure, increasing customer penetration, and delivering sustainable long-term growth.
Outlook
IRM Energy expects continued growth driven by:
- Expansion of City Gas Distribution infrastructure
- Rising demand for cleaner fuels
- Higher CNG and PNG penetration
- Continued customer additions across existing geographical areas
- Operational efficiency and disciplined execution
About IRM Energy
IRM Energy Limited, part of the Cadila Group, operates City Gas Distribution networks across Gujarat, Punjab, Tamil Nadu, and the Union Territory of Diu. The company serves residential, commercial, industrial, and automotive customers through an expanding pipeline network and CNG infrastructure.
Key Highlights
- Revenue: ₹325.85 crore (+24% YoY)
- EBITDA: ₹61.77 crore (+139%)
- PAT: ₹34.32 crore (+140%)
- EBITDA Margin: 18.96%
- PAT Margin: 10.53%
- Gas Sales Volume: +8% YoY
- CNG Sales: +22% YoY
- PNG Commercial Sales: +75% YoY
- CNG Stations: 153
- Capex in Q1: ₹67 crore
