Irm Energy

IRM Energy delivered a steady FY26 with revenue of ₹1,066.66 CrCurrent reported value: ₹1,066.66 Cr. No comparable prior figure is available in the source record. (+9Current reported value: 9. No comparable prior figure is available in the source record.% YoY), EBITDA of ₹112.25 CrCurrent reported value: ₹112.25 Cr. No comparable prior figure is available in the source record. (+17% YoY), and PAT of ₹56.89 CrCurrent reported value: ₹56.89 Cr. No comparable prior figure is available in the source record. (+21Current reported value: 21. No comparable prior figure is available in the source record.% YoY). Volume grew 9% to 223.67 MMSCMCurrent 223.67 MMSCM. Reported change: +9% YoY., driven by CNG (61% of revenue) and PNG expansion. The company added 39 CNG stations (total 150Current 150. Reported change: +39 YoY.) and 83,262Current 83,262. Reported change: +83,262 YoY. domestic PNG connections. Management guided for double-digit volume growth in FY27 (targeting 250+ MMSCM) and EBITDA per SCM improvement of 10-15% to ₹5.3-5.5. Capex of ₹150-180 Cr is planned for the high-growth Namakkal GA, funded by IPO proceeds. Key risks include geopolitical gas price volatility and delayed NGT order implementation in Punjab, which could cap industrial volume recovery.