IRM Energy Q1 FY27: revenue +24%, EBITDA margin 19%

Key takeaway from the June 2026 quarter

IRM Energy Limited reported a sharp improvement in profitability for the quarter ended June 30, 2026 (Q1 FY27), alongside healthy revenue growth. Revenue from operations rose to ₹325.85 crore, up 24.13% year on year from ₹262.50 crore in Q1 FY26. The company also reported a steep expansion in operating profitability, with EBITDA (excluding other income) rising to ₹61.77 crore. That lifted the EBITDA margin to 18.96%, compared with 9.83% a year ago.

Profit after tax (PAT) increased to ₹34.32 crore, up 140.38% year on year from ₹14.28 crore. PAT margin improved to 10.53% from 5.44% in the year-ago quarter. The company described the quarter as its “highest ever” quarterly revenue, EBITDA and PAT, supported by revenue growth and margin expansion.

What the company reported to exchanges

IRM Energy said it submitted an unaudited press or media release to the National Stock Exchange of India and BSE, covering standalone financial and operational results for Q1 FY27. The company is listed as IRM Energy Limited (BSE: 544004 | NSE: IRMENERGY | ISIN: INE07U701015). The press communication referenced Ahmedabad and the date August 06, 2026.

Alongside the profit growth, IRM Energy highlighted disciplined execution and business momentum during the quarter. In its narrative commentary, the company linked performance to growth in volumes, expansion of customer base, and operational execution. It also stated that revenue for the quarter reached about ₹326 crore and EBITDA was about ₹62 crore, aligning with the detailed financial table provided for Q1 FY27.

Income growth: revenue from operations and total income

The quarter showed growth on both revenue from operations and total income. Revenue from operations stood at ₹325.85 crore in Q1 FY27, up 24.13% year on year and up 16.51% quarter on quarter from ₹279.67 crore in Q4 FY26. Total income for Q1 FY27 was ₹360.03 crore, up 22.58% year on year from ₹293.72 crore, and up 16.37% sequentially from ₹309.37 crore in Q4 FY26.

In another numerical disclosure, the company reported “sales” of INR 3,547.48 million, which converts to about ₹354.75 crore, compared with INR 2,854.78 million or about ₹285.48 crore a year earlier. This figure is directionally consistent with the reported total income of ₹360.03 crore for Q1 FY27.

Margin expansion: EBITDA more than doubles

A central feature of the quarter was the jump in EBITDA and margins. EBITDA excluding other income rose to ₹61.77 crore from ₹25.80 crore, a year-on-year increase of 139.40%. The EBITDA margin improved to 18.96% from 9.83%, an expansion of 913 basis points.

The company also disclosed gross standalone EBITDA margin of 17.40% in Q1 FY27 versus 9.04% in Q1 FY26, an improvement of 836 basis points. This provides an additional view of profitability expansion, apart from the net EBITDA margin calculated on net revenue from operations.

Operationally, IRM Energy reported that overall gas sales volumes increased 8% year on year, with a 22% surge in CNG volumes and a 75% rise in the PNG Commercial segment sales. The company also reported that EBITDA per SCM improved to ₹11.38 from ₹6.22 a year earlier.

PAT growth and EPS movement

IRM Energy’s standalone PAT rose to ₹34.32 crore in Q1 FY27 from ₹14.28 crore in Q1 FY26, reflecting 140.38% year-on-year growth. The PAT margin improved to 10.53% from 5.44%, a gain of 509 basis points.

The company also disclosed net income of INR 338.09 million, which converts to about ₹33.81 crore, compared with INR 139.21 million or about ₹13.92 crore a year ago. Basic earnings per share (EPS) was reported at ₹8.36 in the financial summary table, versus ₹3.48 a year earlier. A separate disclosure also stated basic EPS from continuing operations at ₹8.23 versus ₹3.39.

Capex update for Q1 FY27

IRM Energy said it undertook total capex of ₹67 crore during Q1 FY27. It also stated that total cumulative capex till date stood at ₹1,090 crore. These disclosures provide context for the company’s expansion activity while reporting improvements in operating leverage.

Earnings call schedule and audio recording availability

The company scheduled a post-result earnings conference call for Friday, August 07, 2026 at 16:30 hours IST to discuss financial performance and business updates. IRM Energy also said the audio recording of the post-result call is available on its website. The URL shared in the release was:

https://www.irmenergy.com/wp-content/uploads/2022/12/IRM-Energy-Limited-Q1FY27-Earnings-Call*07082026@16.30Hrs* IST.mp3

Financial summary table (standalone)

Market impact: what stood out in the quarter

For investors tracking city gas distribution companies, the quarter stands out for margin expansion alongside revenue growth. Revenue from operations grew 24.13% year on year, while EBITDA and PAT grew much faster at 139.40% and 140.38%, respectively. The shift in profitability is also visible in margins, with EBITDA margin rising to 18.96% and PAT margin to 10.53%.

The operational commentary pointed to an 8% year-on-year rise in overall gas sales volumes, led by higher CNG and PNG Commercial volumes. The improvement in EBITDA per SCM to ₹11.38 from ₹6.22 also indicates a higher profit contribution per unit volume during the quarter.

Analysis: why the update matters

IRM Energy’s Q1 FY27 numbers reflect a quarter where profitability improved faster than topline growth. The sequential comparison is also notable, with revenue from operations up 16.51% and EBITDA excluding other income up 105.80% versus Q4 FY26. PAT rose 159.68% sequentially from ₹13.22 crore in Q4 FY26.

The disclosures on capex, at ₹67 crore in the quarter and ₹1,090 crore cumulatively, add context on ongoing investment while reporting improved margins. The scheduled earnings call and availability of the audio recording provide an avenue for investors to track management commentary and clarifications on quarterly drivers.

Conclusion

IRM Energy’s Q1 FY27 standalone results showed revenue from operations of ₹325.85 crore, EBITDA excl. other income of ₹61.77 crore, and PAT of ₹34.32 crore, supported by significant margin expansion. The company’s post-result earnings call was scheduled for August 07, 2026 at 16:30 IST, with the audio recording made available on its website.