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IRM Energy Ltd secures BWR A1+ rating for Rs 500 Crore bank loan facility from India Ratings

(07-Oct-26   18:48)

IRM Energy Ltd announced that India Ratings and Research Private Limited has assigned an initial rating of BWR A1+ to its Rs 500 Crore Bank Loan Facility, reaffirmed its BWR AA- rating on the Rs 200 Crore Non-Convertible Debentures with a stable outlook, while India Ratings has affirmed its IND AA- / Stable / IND A1+ ratings for Bank Loan Facilities, affirmed its IND AA-/Stable rating for Bank Loans previously held by IRM Energy Private Limited related to Gas Transmission/Marketing, and noted that credit rating information is still pending for certain instruments; the company also reported 1QFY27 net revenue of Rs 3,259 million, EBITDA of Rs 618 million, an EBITDA margin of 19.0%, a gross interest coverage of 19.1x, net adjusted leverage of NA, free cash and equivalents of Rs 1,851.9 million, and negative free cash flow of -Rs 377.2 million, compared to FY26 figures of Rs 10,667 million, Rs 1,122 million, 10.5%, 7.6x, -0.6, Rs 2,722.9 million, and -Rs 379.3 million respectively, alongside FY25 figures of Rs 9,755 million, Rs 963 million, 9.9%, 4.4x, -0.9, Rs 4,503.3 million, and -Rs 674.1 million.