ScoutQuest7 Oct 2026
IRM Energy544004Credit rating maintained/reaffirmed

India Ratings affirms IRM Energy's Rs.7,000 million bank loan facilities at IND AA-/Stable / IND A1+

IND AA-Reaffirmed · India Ratings
Reaffirmed by India Ratings · IND AA- · outlook Stable.
Rating Assigned
IND AA-/Stable / IND A1+ (affirmed; unchanged from IND AA-/Stable / IND A1+ on 30 July 2025)
Rated Facility
bank loan facilities of Rs.7,000 million
Rating Rationale
healthy credit metrics, net cash position, CNG-led volume growth and improved profitability
Agency
India Ratings
Action
Reaffirmed

India Ratings affirms IRM Energy's Rs.7,000 million bank loan facilities at IND AA-/Stable / IND A1+.

Historical rating date
Historical rating date issuer rating WD
Start date for NT GA under MWP revised
Historical rating date
Previous rating date
Credit rating rationale date
Historical rating date 14 Jul 2023 · Historical rating date 22 Sep 2023 · Start date for NT GA under MWP 1 Apr 2024 · Historical rating date 17 May 2024 · Previous rating date 30 Jul 2025 · Credit rating rationale date 7 Oct 2026
More numbers
  • Rated amount - bank loan facilities7,000 (INR million)
  • Gross debt at FYE26INR1,222.8 million
  • Unutilised IPO proceedsINR1,587.2 million
  • Net revenue in 1QFY27INR3,258.5 million
  • EBITDA in 1QFY27INR617.8 million
  • EBITDA margin in 1QFY2719.0%
  • Envisaged capex programme FY27INR2,000 million
  • NT GA domestic PNG connections required17,74,000
Source: BSE · 7 Oct 2026

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