IRM Energy posts Rs 33.81 cr Q1 profit as expansion stays demand-led
Operating earnings remained the main profit source, while management highlighted CNG contribution and PNG network expansion as volume drivers.
Filed 06 Aug 2026, 22:37 IST · after market close · IRMENERGY (IRMENERGY)
Key takeaways
- Consolidated operating profit of Rs 61.77 cr on revenue of Rs 325.85 cr translated into an 18.96% operating margin.
- Net profit was Rs 33.81 cr after Rs 16.42 cr depreciation, Rs 3.23 cr interest and a 27.9% tax rate.
- Management linked CNG contribution and geographic diversification to volume visibility against a Rs 325.85 cr revenue base, while saying future CNG expansion will depend on demand assessment.
Operating earnings drove the consolidated Q1 result
IRM Energy's consolidated operating profit of Rs 61.77 cr was reduced by Rs 16.42 cr of depreciation and Rs 3.23 cr of interest before tax. After Rs 13.08 cr of tax, net profit stood at Rs 33.81 cr. Other income of Rs 4.77 cr was modest relative to profit before tax of Rs 46.89 cr, leaving the result primarily supported by operations.
Margin and cost movement cannot be compared this quarter
The operating margin was 18.96%, but the filing provides no sequential or year-on-year cost-growth bridge for explaining a change in margin. The 27.9% tax rate and the depreciation charge of Rs 16.42 cr were material deductions between operating profit and net profit. With no comparison period supplied, the quarter's margin direction and tax-rate effect cannot be assessed.
CNG and PNG expansion are management's volume themes
Management said rising CNG contribution and geographic diversification provide visibility for sustained volume growth across its geographical areas. The company told analysts that future CNG expansion will be based on demand assessment. It also said ongoing infrastructure expansion and network penetration are supporting growth in the PNG customer base, while noting that contracts depend on several benchmarks.
Results were filed after market close
The consolidated results were filed after market close on 6 August 2026. With no market reaction yet in the available record, the immediate focus remains on the reported Rs 33.81 cr net profit and 18.96% operating margin.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹326 cr |
| Other income | ₹5 cr |
| Expenses | ₹264 cr |
| Operating profit | ₹62 cr |
| Operating margin (%) | 18.96% |
| Interest | ₹3 cr |
| Depreciation | ₹16 cr |
| Profit before tax | ₹47 cr |
| Tax | ₹13 cr |
| Net profit | ₹34 cr |
| EPS (₹) | ₹8.23 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- IRM identifies increasing CNG contribution and geographic diversification as providing visibility for sustained volume growth across its GAs.
Expansion
- Future CNG expansion will be based on demand assessment.
- Ongoing infrastructure expansion and network penetration are supporting growth in the PNG customer base.
Problems & risks
- The company states that its contracts depend on several benchmarks.
What to watch
- Whether operating margin remains at or above 18.96% as CNG contribution increases.
- Whether revenue growth continues from the Rs 325.85 cr base alongside PNG customer-base expansion.
- Whether net profit remains above Rs 33.81 cr without a higher dependence on Rs 4.77 cr of other income.