P/E multiples can be the same number yet poles apart
Source: The Hindu Business Line
IRM Energy has announced a strong set of quarterly results alongside a shareholder reward, as its board recommended a final dividend of ₹1.5 per equity share. The company has also made available the audio recording of its post-result earnings conference call for the quarter and financial year ended March 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q4 Financial Performance
IRM Energy recorded a significant jump in net profit during Q4, nearly tripling compared to the corresponding period of the previous year. Revenue also registered growth, reflecting steady business momentum. The table below summarises the key financial metrics for Q4:
Metric: Q4 (Current) Q4 (YoY) Net Profit: 132M rupees 46M rupees Revenue: 3B rupees 2.9B rupees
Dividend Announcement
The board of IRM Energy has recommended a final dividend of ₹1.5 per equity share. This declaration follows the company's improved quarterly performance and is subject to shareholder approval as per standard regulatory procedures.
Earnings Conference Call Recording
In continuation to its earlier communication dated May 05, 2026, IRM Energy informed the stock exchanges that the audio recording of the post-result earnings conference call held on Saturday, May 09, 2026 at 03:00 p.m. (IST) is now available on the company's website. The recording covers discussions pertaining to the quarter and financial year ended March 31, 2026, and can be accessed at the link provided on the company's official website.
Key Highlights
Net profit surged to 132M rupees in Q4, compared to 46M rupees in the same quarter last year
Revenue increased to 3B rupees from 2.9B rupees on a year-on-year basis
Final dividend of ₹1.5 per equity share recommended by the board
Earnings call recording for Q4FY26 made available on the company's website pursuant to Regulation 30
The combination of robust profit growth, a dividend recommendation, and the availability of the earnings call recording underscores IRM Energy's commitment to transparency and shareholder engagement during the reported quarter.
IRM Energy Limited has filed its investor presentation for the quarter and year ended March 31, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation was submitted to both the National Stock Exchange of India Limited and BSE Limited on May 08, 2026, and was signed by Akshit Soni, Company Secretary and Compliance Officer. The filing follows the company's board meeting held on May 8, 2026, to approve audited financial results for Q4FY26 and FY26, with a post-result earnings conference call scheduled for May 9, 2026, at 3:00 PM IST.
Q4FY26 & FY26 Standalone Financial Performance
IRM Energy delivered a strong standalone performance in Q4FY26, with profit after tax surging 190.46% year-on-year. EBITDA (excluding other income) rose 73.17% YoY, reflecting improved operational efficiency and CNG-driven volume growth. The following table presents the standalone profit and loss highlights:
Particulars (₹ Crore): Q4FY26 Q4FY25 YoY (%) Q3FY26 QoQ (%) FY26 FY25 YoY (%) Revenue from Operations: 279.67 267.86 4.41% 265.05 5.52% 1,066.66 975.48 9.35% Total Income: 309.37 297.93 3.84% 295.02 4.87% 1,185.41 1,090.76 8.68% EBITDA (Excl. Other Income): 30.02 17.33 73.17% 29.69 1.10% 112.22 96.33 16.49% EBITDA Margin: 10.73% 6.47% 426 bps 11.20% -47 bps 10.52% 9.88% 65 bps Profit after Tax: 13.22 4.55 190.46% 15.19 -12.98% 56.89 47.05 20.92% PAT Margin: 4.73% 1.70% 303 bps 5.73% -100 bps 5.33% 4.82% 51 bps
Q4FY26 & FY26 Consolidated Financial Performance
On a consolidated basis, IRM Energy reported a similarly robust performance. Consolidated PAT rose 190.32% YoY in Q4FY26, while EBITDA (excluding other income) expanded 73.39% YoY. The table below summarises the consolidated profit and loss:
Particulars (₹ Crore): Q4FY26 Q4FY25 YoY (%) Q3FY26 QoQ (%) FY26 FY25 YoY (%) Revenue from Operations: 279.67 267.86 4.41% 265.05 5.52% 1,066.66 975.48 9.35% Total Income: 309.37 297.92 3.84% 295.02 4.86% 1,185.41 1,090.76 8.68% EBITDA (Excl. Other Income): 30.05 17.33 73.39% 29.63 1.41% 112.25 96.32 16.53% EBITDA Margin: 10.74% 6.47% 427 bps 11.18% -44 bps 10.52% 9.87% 65 bps Profit after Tax*: 12.75 4.39 190.32% 12.83 -0.61% 53.20 45.20 17.70% PAT Margin: 4.56% 1.64% 292 bps 4.84% -28 bps 4.99% 4.63% 35 bps
*After adjustment of share of profit/(loss) of JCE & Associates
Debt-Free Balance Sheet and Financial Stability
IRM Energy continued to strengthen its balance sheet, significantly reducing debt over the past three years. The company's net debt position remained negative, indicating a cash-surplus status. Key balance sheet metrics are presented below:
Parameter: FY24 FY25 FY26 Total Debt* (₹ crore): 228.30 139.57 72.15 Networth (₹ crore): 931.76 950.72 997.53 Debt-Equity (x)*: 0.25 0.15 0.07 Cash and Bank Balance (₹ crore): 487.78 345.32 242.55 Investments (₹ crore): 15.35 46.77 33.94 Total Cash and Bank Balance (₹ crore): 503.12 392.09 276.49 Net Debt (₹ crore): -259.48 -205.75 -170.40
Operational Highlights and CGD Infrastructure
IRM Energy is a City Gas Distribution (CGD) company with authorised presence across four Geographical Areas (GAs) encompassing six districts in Gujarat, Punjab, Tamil Nadu, and the Union Territory of Diu. CNG was the primary growth driver for the company, with CNG volumes growing 21% YoY for FY26 versus 9% overall volume growth, and 22% YoY in Q4FY26 versus 7% overall volume growth. The company's shareholding pattern as of March 2026 comprised promoter holding of 50.07%, with public and other shareholders accounting for the remaining 49.93%.
Board Meeting and Earnings Call
The board meeting held on May 8, 2026, considered and approved the audited standalone and consolidated financial results for Q4FY26, along with a recommendation on the final dividend on equity shares for FY26, if any. A post-result virtual earnings conference call was scheduled for May 9, 2026, at 3:00 PM IST, attended by the senior management team. Investor relations support for the earnings call is being provided by Ernst & Young LLP. In compliance with insider trading regulations, the trading window for designated persons was closed from April 1, 2026, and is set to reopen 48 hours after the declaration of audited financial results.
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Source: scanx.trade
Source: The Hindu Business Line
Source: The Hindu Business Line