IRM Energy Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

IRM Energy (NSE:IRMENERGY) Full Year 2024 Results

Key Financial Results

• Revenue: ₹9.80b (down 5.7% from FY 2023).
• Net income: ₹856.7m (up 36% from FY 2023).
• Profit margin: 8.7% (up from 6.1% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: ₹24.47 (up from ₹20.93 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IRM Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 4.8%.

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 4.4% decline forecast for the Gas Utilities industry in India.

Performance of the Indian Gas Utilities industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with IRM Energy (at least 1 which is a bit concerning), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.