TRUALT
TruAlt Bioenergy share price & financials
- Price
- ₹417.2
- Market cap
- ₹3.7k Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 4
TruAlt Bioenergy Limited Q1 FY27
What went well
- Revenue of approximately ₹630 crores, driven by strong ethanol sales of 8.5 crore litres.
- EBITDA grew 129% QoQ to ₹147.3 crores, with EBITDA margin at 23.5%, reflecting enhanced operating efficiencies.
- PAT surged over 1,000% YoY to ₹59.3 crores, achieving a PAT margin of 9.5%.
What to watch
- Capacity utilization for ethanol plants was only about 60% in Q1 FY27, with significant opportunity for improvement.
- The release of 15 crore litres of ethanol stuck due to a court case remains pending, impacting full capacity utilization.
What TruAlt Bioenergy Limited does
TruAlt Bioenergy is India's only dedicated biofuels company, producing first-generation (1G) ethanol from sugarcane- and grain-based feedstocks across five distilleries in Karnataka, and is the country's largest ethanol producer by installed capacity. Beyond ethanol, it manufactures compressed biogas (CBG), extra neutral alcohol (ENA), and co-products such as dried distillers grains with solubles (DDGS) and organic manure, and has expanded downstream into a franchise-model retail fuel outlet network. The company holds Oil Marketing Company (OMC) status - the first biofuels company in India to attain it - and is developing compressed biogas and sustainable aviation fuel (SAF) projects through joint ventures with GAIL (India) Limited and Sumitomo Corporation.
Segments
- Ethanol
- CBG (Compressed Biogas)
- Retail Fuel Network
- Installed ethanol production capacity
- 2,000 KLPD
- Dual-feed (multi-feedstock) integrated ethanol capacity
- 1,300 KLPD
- Ethanol manufacturing units (distilleries)
- 5 units, all in Karnataka (Mudhol, Jamkhandi, Khanapur, Kerakalmatti, Badami)
- CBG plants
- 1 operational, 4 under construction
- Retail fuel outlets
- 7 operational, 4 under construction
- Market position in ethanol
- Largest ethanol producer in India by installed capacity
Guidance record · Q1 FY27
what the last two calls moved 19 tracked 5 delivered 3 missed 11 open- Bottom Line Trend delivered said Q2 FY26 Promised: Improved trend compared to earlier year Q1 FY27: The negative trend from FY26 has reversed, with Q1 FY27 PAT surging over 1,000% YoY to ₹59.3 crores.
- Ethanol Supply Volume missed said Q2 FY26 Promised: 47 crores liters Q1 FY27: This was a target for the FY26 ethanol supply year, which has concluded and was missed. No new updates provided.
- FY27 Ethanol Production revised down said Q3 FY26 Promised: 55 crore liters Q1 FY27: Guidance revised down from 55 crore litres to 'at least 44 crores litres' for FY27 based on current orders in hand.
All 19 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 106.3%, net profit up 1080.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 388 | 415 | 907 | 304 | 115 −70% | 713 +72% | 596 −34% | 627 +106% |
| EBITDA | 17 | 125 | 154 | 42 | -5 −129% | 134 +7% | 129 −16% | 133 +217% |
| Net profit | -19 | 75 | 112 | 5 | -38 −100% | 69 −8% | 69 −38% | 59 +1080% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −21.6% 1Y
1Y: ₹530.95 on 3 Oct 2025 → ₹416.35. High ₹531.95 (9 Jun 2026), low ₹319.65 (23 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- +2.6%
- 29 Jul
- Q4 FY26
- +3.5%
- 22 May
- Q3 FY26
- +2.2%
- 9 Feb
- Q2 FY26
- −2.7%
- 19 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 9.4% a year over 1 year, FY25 to FY26. Operating margin widened to 17.4%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹1.9k Cr | ₹1.7k Cr |
| Operating profit | ₹310 Cr | ₹300 Cr |
| Operating margin | 16.3% | 17.4% |
| Interest | ₹144 Cr | ₹161 Cr |
| Depreciation | ₹68 Cr | ₹87 Cr |
| Net profit | ₹146 Cr | ₹105 Cr |
| Net margin | 7.7% | 6.1% |
| Cash from operations | ₹329 Cr | ₹-296 Cr |
| Free cash flow | ₹70 Cr | ₹-806 Cr |
| ROCE | 14.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹61 Cr | ₹61 Cr | ₹86 Cr | ₹86 Cr |
| Reserves | ₹179 Cr | ₹204 Cr | ₹1.3k Cr | ₹1.4k Cr |
| Borrowings | ₹1.1k Cr | ₹1.7k Cr | ₹1.5k Cr | ₹1.7k Cr |
| Other liabilities | ₹465 Cr | ₹469 Cr | ₹430 Cr | ₹606 Cr |
| Total liabilities | ₹1.9k Cr | ₹2.4k Cr | ₹3.4k Cr | ₹3.8k Cr |
| Fixed assets | ₹1.3k Cr | ₹1.4k Cr | ₹1.8k Cr | ₹2.2k Cr |
| Capital work in progress | ₹10 Cr | ₹201 Cr | ₹236 Cr | ₹68 Cr |
| Investments | ₹0 Cr | ₹10 Cr | ₹5 Cr | ₹4 Cr |
| Other assets | ₹545 Cr | ₹780 Cr | ₹1.3k Cr | ₹1.5k Cr |
| Total assets | ₹1.9k Cr | ₹2.4k Cr | ₹3.4k Cr | ₹3.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in TRUALT
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹21 Cr
- 1 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹21 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹21 Cr | held | Sep '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -16%
- vs est. average cost
- Held by funds
- ₹21 Cr
- 1 schemes · ≈ 0.56% of the company
Shares held by these funds 0%
Sep '25 5.04 L shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse TruAlt Bioenergy Limited
Guides on how to read this kind of business and the numbers that matter.