IRM Energy Ltd's Q3FY25 Quarterly Results

Result Summary

• IRM Energy Ltd reported a 16.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 20.1%.
• Its expenses for the quarter were up by 20.2% QoQ and 33.4% YoY.
• The net profit decreased 15.9% QoQ and decreased 57.5% YoY.
• The earnings per share (EPS) of IRM Energy Ltd stood at 2.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

IRM Energy Ltd is a company operating in the energy sector, primarily involved in the distribution and supply of natural gas. The company caters to a variety of customers including domestic, industrial, and commercial entities. As a significant player in the energy market, IRM Energy Ltd focuses on delivering reliable and efficient energy solutions. The company has been making strides in expanding its infrastructure to enhance service delivery and coverage area. However, specific recent developments or strategic initiatives undertaken by the company are not provided in the current context.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), IRM Energy Ltd reported a total income of ₹280.21 crores. This marks a quarter-over-quarter (QoQ) increase of 16.4% compared to ₹240.64 crores in the previous quarter (Q2FY25). Additionally, there was a year-over-year (YoY) growth of 20.1% from ₹233.24 crores in the third quarter of the fiscal year 2024 (Q3FY24). These figures indicate a positive trajectory in revenue generation over both short-term and annual comparisons. The revenue growth reflects the company's ability to enhance its income despite the challenges that might be present in the energy sector.

Profitability

The profitability metrics for IRM Energy Ltd show a decline in the third quarter of fiscal year 2025. The profit before tax stood at ₹15.94 crores, which is a decrease of 23.6% QoQ from ₹20.86 crores in Q2FY25 and a significant drop of 54.6% YoY from ₹35.14 crores in Q3FY24. After accounting for taxes, the profit after tax for Q3FY25 was ₹10.10 crores, down 15.9% QoQ from ₹12.01 crores in Q2FY25 and down 57.5% YoY from ₹23.78 crores in Q3FY24. Earnings per share (EPS) also experienced a decline, registering at ₹2.50 in Q3FY25, compared to ₹2.90 in Q2FY25 and ₹6.20 in Q3FY24, resulting in a decrease of 13.8% QoQ and 59.7% YoY.

Operating Metrics

The total expenses for IRM Energy Ltd in Q3FY25 were ₹264.28 crores, representing a 20.2% increase QoQ from ₹219.78 crores in Q2FY25 and a 33.4% increase YoY from ₹198.11 crores in Q3FY24. The increase in expenses has outpaced the revenue growth, impacting the company's profitability margins. The tax expense for the quarter was ₹5.15 crores, which decreased by 35.0% QoQ from ₹7.92 crores in Q2FY25 and by 52.3% YoY from ₹10.80 crores in Q3FY24. These financial metrics reflect the company's operational cost dynamics and tax obligations during the period under review. Key financial ratios such as the P/E ratio, debt-to-equity ratio, and current ratio are not provided in the available data, thus limiting a more detailed analysis of the company's financial health.