TruAlt Bioenergy Limited — Investor Meet, 04-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

TruAlt Bioenergy Limited held an investor earnings call to discuss the financial results for Q1 FY27.

**Financial Performance:**

* Revenue for the quarter stood at INR 626.90 crore, a 106.3% increase QoQ.

* EBITDA was INR 147.3 crore, up 129% QoQ.

* Profit After Tax (PAT) was INR 59.3 crore, a jump of over 1,000% YoY.

* EBITDA margin improved to 23.5%, and PAT margin was 9.5%.

**Management Commentary and Outlook:**

* The company achieved good performance driven by operating three out of five units at maximum capacity and converting them to dual-feed plants.

* Management aims to increase capacity utilization from 60% to at least 80-85% in upcoming quarters.

* Future growth is expected from the Compressed Biogas (CBG) vertical with new plants under JVs with Sumitomo and GAIL. Sustainable Aviation Fuel (SAF) business is in advanced stages.

* Flex-fuel vehicle adoption is a growth driver for the fuel retail business.

**Order Book & Operational Updates:**

* Ethanol sales for Q1 FY27 were close to 8.5 crore litres.

* 11-12 crore litres of sales are planned for Q2 FY27.

* Three out of four CBG plants under the Sumitomo JV are nearing commissioning, expected by Q3 FY27.

* Six CBG plants under the GAIL JV are expected to contribute capacity from Q4 FY27.

**Analyst Q&A Highlights:**

* Dual-feed operations improved margins due to higher yield and profit from grain-based feedstock.

* CBG margins were slightly impacted by increased employee expenses due to expansion.

* Capex plans include INR 700 crore for CBG plants and INR 2,000 crore for SAF.

* The company has 44 crore litres of orders on hand for ethanol.

* Discussions are ongoing with seven potential partners for the SAF plant.

* The company is focused on reducing dependence on government policies for viability.

* Plans are underway to de-lever the balance sheet.

**Investor Angle:**

Management expressed confidence in achieving higher capacity utilization and growth across its business verticals, supported by strategic expansions and operational efficiencies.