TruAlt Bioenergy net profit jumps 11-fold in Q1

TruAlt Bioenergy Ltd reported a more than 11-fold jump in consolidated net profit for the quarter ended June 30, 2026, aided by a sharp increase in ethanol production capacity and improved operational performance.

Consolidated net profit surged 1,108.25 per cent to Rs 57.15 crore in the June quarter from Rs 4.73 crore a year earlier. Revenue from operations more than doubled to Rs 626.88 crore from Rs 303.89 crore in the corresponding quarter of the previous year.

The company also expanded its installed ethanol production capacity by 43 per cent to 2,000 kilolitres per day (KLPD), up from 1,400 KLPD, following the completion of its grain integration programme.

Of the total installed capacity, about 1,300 KLPD, or 65 per cent, now operates on dual-feed technology, enabling ethanol production from both sugar derivatives and grains unfit for human consumption. TruAlt said the transition has strengthened feedstock security, enabled near year-round production and improved profitability, with grain-based operations generating around 6 per cent higher margins than sugar-based production.

On a consolidated basis, total income nearly doubled to Rs 641.41 crore in the first quarter of FY27 from Rs 326.63 crore a year earlier. EBITDA more than tripled to Rs 132.76 crore from Rs 41.54 crore, while profit after tax (PAT) rose to Rs 59.27 crore from Rs 4.73 crore. Capacity utilisation stood at 60.57 per cent during the quarter, leaving room for higher production without significant additional capital expenditure, the company said.

Vijay Nirani, Managing Director of TruAlt Bioenergy, said the company’s transition from a mono-feed to a dual-feed ethanol platform had improved production flexibility and enabled near year-round operations. He said the immediate priority is to increase capacity utilisation and improve operational efficiency across existing manufacturing facilities to support sustainable growth and profitability.

Beyond ethanol, TruAlt said construction is underway at four compressed biogas (CBG) plants being developed through a joint venture with Sumitomo Corporation, while preparatory work is progressing on six additional CBG plants under a partnership with GAIL (India) Ltd.

The company also said its proposed 100-million-litre-per-annum Sustainable Aviation Fuel (SAF) project in Andhra Pradesh is progressing through engineering and statutory approval stages. The project has received a Rs 150 crore grant under the PM JI-VAN Yojana.

In its downstream fuel retail business, TruAlt currently operates seven retail outlets as part of its plan to build a network of 100 outlets. However, it said expansion will remain calibrated amid geopolitical tensions in West Asia and volatility in crude oil markets, with a focus on capital discipline and sustainable unit economics.

Separately, the company announced the appointment of Mallikarjun Bhimappa Dyaberi as Chairman for a one-year term effective July 28, 2026.