IRM Energy reports strong Q2 growth, plans amalgamation and CFO appointment

IRM Energy Limited announced strong financial and operational performance for Q2FY26, with consolidated net revenue from operations reaching INR 2,594.40 million, marking a 10% year-over-year increase in overall volume. Consolidated PAT for the quarter stood at INR 125.57 million. The company reported commissioning 1,657 domestic, 12 commercial, and 4 CNG stations in Q2FY26, contributing to a total of 116 CNG stations and 77,935 domestic customers.

In a strategic move, the board approved a draft scheme of amalgamation of Enertech Distribution Management Private Limited (transferor company) with IRM Energy Limited (transferee company). Enertech holds 21.12% of IRM Energy’s equity share capital, and the amalgamation aims to streamline the corporate shareholding structure without altering the overall shareholding pattern. Additionally, Arunkumar Saluru was appointed as the new chief financial officer (CFO) and key managerial personnel (KMP) effective November 12, 2025.

IRM Energy also provided an update on its IPO fund utilization, showing that INR 2,609.09 million of the total INR 4,957.59 million raised has been utilized as of September 30, 2025. This includes full utilization of funds for prepayment of borrowings and partial utilization for capital expenditure requirements in Namakkal and Tiruchirappalli.