Irm Energy Limited · NSE:IRMENERGY
Irm Energy — Q2 FY2027 Earnings Presentation
29 slides from Irm Energy's earnings presentation, Oct 30, 2026
Slide 1: Exchange filing cover letter
October 30, 2026 To, National Stock Exchange of India Limited BSE Limited "Exchange Plaza" Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) Dalal Street Mumbai - 400051 Mumbai - 400001 Scrip Symbol: IRMENERGY Scrip Code: 544004 Sub: Investor Presentation for the quarter and half year en
Slide 2: IRM Energy Limited Investor Presentation Q2FY27 & H1FY27
IRM ENERGY LIMITED INVESTOR PRESENTATION Q2FY27 & H1FY27 | 30 October 2026 BSE (Scrip Code)- 544004 | NSE (Symbol)- IRMENERGY | ISIN- INE07U701015
Slide 3: Contents
Expanding, Diversifying, And Contents Progressing Sustainably IRM at a Glance Operational & Financial Updates - Q2FY27 & H1FY27 About IRM Energy Appendix
Slide 4: IRM – At a Glance
IRM – At a Glance
Slide 5: India's fast-growing CGD company with presence across 4 GAs
India’s fast-growing City Gas Distribution (CGD) company with presence across 4 GAs Geographical Presence (4 GAs) Execution Excellence (As on 30 September 2026) Pipeline PNG PNG PNG CNG Dispensing Network Domestic Industrial Commercial Stations Points Banaskantha, GJ FatehgarhSahib, PB (MDPE & Steel
Slide 6: Q2FY27 & H1FY27 Operational & Financial Updates
Q2FY27 & H1FY27 Operational & Financial Updates
Slide 7: IRM Energy Business & Financial Updates
IRM Energy Business & Financial Updates During H1FY27, the total volume grew by 10% YoY largely driven by 61% growth in PNG commercial & 23% growth in CNG PNG Domestic Customers increased by 14% YoY to 89,308, Commercial Customers increased by 48% YoY to 657 and Industrial Customers increased by 8%
Slide 8: Q2FY27 – Operational Parameters
Q2FY27 – Operational Parameters Total Volume (mmscm) CNG Volume (mmscm) 12% YoY 25% YoY Q2FY27 volumes reached an all-time 61.23 high of 61.2 mmscm, driven by 25% 58.93 35.22 39.33 39.73 58.14 32.35 31.89 34.07 YoY growth in CNG and 50% YoY 54.66 56.07 growth in PNG Commercial volumes 54.80 Q1FY26 Q
Slide 9: FY26 – Operational Parameters – Annualized
FY26 – Operational Parameters – Annualized Total Volume (mmscm) CNG Volume (mmscm) 133.53 205.34 223.67 10% 110.36 16% 184.27 99.79 79.06 120.16 2Y 2Y CAGR CAGR FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 PNG Domestic (mmscm) PNG Industrial (mmscm) PNG Commercial (mmscm) 85.07 2.27 78.13 1.82 9.75 7
Slide 10: Q2FY27 – Standalone Financial Performance
Q2FY27 – Standalone Financial Performance Q2FY27 Performance Strengthens, with EBITDA Growing 77% and PAT More Than Doubling YoY Revenue from Operations (Rs Cr) EBITDA* (Rs Cr) & EBITDA % 29% YoY 77% YOY 326 334 259 62 263 265 280 47 27 30 30 26 9.2% 10.3% 11.2% 10.7% 19.0% 14.2% Q1FY26 Q2FY26 Q3FY2
Slide 11: Q2FY27 & H1FY27 - Standalone Profit & Loss
Q2FY27 & H1FY27 - Standalone Profit & Loss Particulars (₹ Crore) Q2FY27 Q2FY26 YoY (%) Q1FY27 QoQ (%) H1FY27 H1FY26 YOY (%) Revenue from Operation* 333.91 259.44 28.70% 325.85 2.47% 659.76 521.94 26.41% Total Income 368.32 287.31 28.20% 360.03 2.30% 728.35 581.02 25.36% EBITDA (Excluding Other Incom
Slide 12: Q2FY27 & H1FY27 - Consolidated Profit & Loss
Q2FY27 & H1FY27 - Consolidated Profit & Loss Particulars (₹ Crore) Q2FY27 Q2FY26 YoY (%) Q1FY27 QoQ (%) H1FY27 H1FY26 YOY (%) Revenue from Operation* 333.91 259.44 28.70% 325.85 2.47% 659.76 521.94 26.41% Total Income 368.32 287.31 28.20% 360.03 2.30% 728.35 581.02 25.36% EBITDA (Excluding Other Inc
Slide 13: CNG station network expanded 6x, driving revenue growth
CNG station network expanded 6x, driving Revenue growth to ₹1,067 Cr and Gross Assets to ₹951 Cr, while profitability normalized with network expansion CNG 25 35 46 53 62 82 111 150 Stations GPM (%) 39% 42% 59% 51% 20% 27% 25% 26% 980 975 1,067 891 507 190 148 74 266 341 442 645 769 951 211 144 FY19
Slide 14: About IRM Energy
About IRM Energy
Slide 15: CGD Infrastructure Overview – One of the Fastest Growing CGD Company
CGD Infrastructure Overview – One of the Fastest Growing CGD Company IRM ENERGY LIMITED (IRMEL) Granted Authorization By PNGRB For Four Geographical Areas (GAs), Encompassing Six Districts Banaskantha Fatehgarh Sahib Diu & Gir Somnath Namakkal & Tiruchirappalli CGD Infrastructure as on September 30,
Slide 16: IRM Gas Sourcing Mix
IRM Gas Sourcing Mix CNG & DOMESTIC PNG LONG-TERM LNG INDUSTRIAL & COMMERCIAL PNG CONTRACTS LONG TERM RLNG SPOT RLNG CONTRACTS SOURCES APM NWG HPHT •GAIL •GSPC Spot/IGX HPCL IOCL As per GAIL •IOCL •SHELL SUPPLIERS requirement •HPCL For CNG & Domestic PNG For Industrial & Commercial PNG Allocation •
Slide 17: CNG Stations Six Year Track Record
CNG Stations Six Year Track Record (Cumulative Company Level) No. of CNG Stations CNG Stations Modality 70 150 156 111 35 32 82 62 12 46 53 34 6 1 HPCL BPCL IOCL COCO Pure Play DODO FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1FY27 MS Type of CNG Stations CNG Stations Operated by 130 70 32 35 12 13 1 12 7 P
Slide 18: PNG Segment Details
PNG Segment Details (Cumulative Company Level) No. of Industrial Customers No. of Commercial Customers 6 Yr CAGR : 40% 6 Yr CAGR : 33% 235 657 214 223 181 195 496 412 245 340 59 96 125 179 30 90 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1FY27 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1FY27 No. of Domestic Custo
Slide 19: Diversified Geographical Presence and Evolving Volume Mix
Diversified Geographical Presence and Evolving Volume Mix Driving Sustainable Growth Geographical Area wise volume share – H1FY27 37% 47% 44% 47% 47% 7% 8% 9% 59% 6% 11% 47% 46% 39% 4% 33% 6% 1% 3% 0% FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY2
Slide 20: Investment Rationale
Investment Rationale Regulated CGD Structural Demand Volume-Led Growth Asset-Light, Execution-Focused Resilient and Business with Growth from Energy with Network Cash- and Disciplined Defensive High Visibility Transition Expansion Generating Management Financial Profile Model Long-term PNGRB Natural
Slide 21: Appendix
Appendix
Slide 22: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement (₹.- IN CR) FY24 FY25 FY26 H1FY27 Particulars Audited Audited Audited Un-Audited Revenue from Operations (Net of Excise Duty) 891 975 1,067 660 Other Income 24 34 25 10 Total Income 980 1,091 1,185 728 Cost of Goods Sold # 647 736 792 459 Excise Duty 66 81 93 59 Em
Slide 23: Standalone Balance Sheet
Standalone Balance Sheet Assets (₹.- In Cr) FY24 FY25 FY26 H1FY27 Equity and Liabilities (₹.- In Cr) FY24 FY25 FY26 H1FY26 Property, plant and equipment 536 630 761 821 Equity Capital work-in-progress 87 88 99 128 Equity share capital 41 41 41 41 Intangibles assets 3 4 5 4 Other equity 876 897 947 1
Slide 24: Standalone Cash Flow Statement
Standalone Cash Flow Statement (₹- IN CR) FY24 FY25 FY26 H1FY27 Particulars Audited Audited Audited Un-Audited Cash generated from operation 1,325 1,060 1,561 1,300 Net cash generated from operating activities 1,203 937 1,427 1,255 Net cash from (used in)/generated from investing activities -2,912 -
Slide 25: Debt-free Balance Sheet underscoring Strong Financial Stability
Debt-free Balance Sheet underscoring Strong Financial Stability FY24 FY25 FY26 H1FY27 Total Debt (₹ crore) 210.50 125.70 49.63 44.58 Networth (₹ crore) 931.76 950.72 997.53 1,050.52 Debt-Equity (x) 0.23 0.13 0.05 0.04 Particulars (₹ Crore) FY24 FY25 FY26 H1FY27 (A) Total Debt 210.50 125.70 49.63 44.
Slide 26: IPO Fund Utilization as on Sep 30, 2026
IPO Fund Utilization as on Sep 30, 2026 (₹.- IN CRORE) Net Amount Received Amount % Amount Pending to be Utilized Objects of Issue (A) Utilised (B) Utilised (C) (D = A - B) Funding capital expenditure requirements for development of the City Gas Distribution network in the Geographical Areas of 307.
Slide 27: Post Result Earnings Conference Call Details
Post Result Earnings Conference Call Details Q2FY27 & H1FY27 Earnings Conference Call DATE & TIME P R I M ARY D I A L - IN N UM B E R Monday, November 02, 2026 086 3416 8616 10:00 HRS · IST 086 4536 6731 P R E - REGIST RATION Register in advance to join the call instantly Click here without waiting
Slide 28: Safe Harbour
Safe Harbour Statements in this presentation may contain forward-looking information concerning IRM Energy Limited (“IRM Energy” or “Company”)’s strategy, operations, financial performance or condition, outlook, growth opportunities or circumstances in the sectors or markets in which the Company ope
Slide 29: Contact Us
Contact Us IRM Energy Limited (ISIN: INE07U701015; NSE: IRMENERGY; BSE: 544004) Registered & Corporate Office: Block 8, Magnet Corporate Park, 4th Floor, S.G. Highway, Near Sola Bridge, Ahmedabad, Gujarat, 380054 Ashish Maheshwari | Abhinand Pandya Chief Financial Officer | Head of Investor Relation