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TruAlt Bioenergy held an earnings conference call to discuss financial results for the quarter and year ended March 31, 2026. Management reviewed the company's performance, highlighting the commissioning of all five ethanol plants and a transition to dual-feed operations in three of them, offering year-long operational flexibility. The call also touched upon the government's ethanol blending roadmap and its impact on the sector.
Financially, TruAlt Bioenergy reported consolidated revenue of INR 1,813 Cr for FY26, down 7% YoY. Profit Before Tax (PBT) stood at INR 129.95 Cr, a decrease from INR 159.44 Cr last year, primarily due to increased depreciation and finance costs from recent capitalizations. Consolidated PAT was INR 96.86 Cr, down from INR 146.63 Cr. EBITDA margins improved to 20.98% from 19% due to better cost management.
Management expressed confidence in future growth, driven by expanding into Compressed Biogas (CBG), Sustainable Aviation Fuel (SAF), and fuel retail. The company is focusing on diversifying revenue streams beyond ethanol and government policies. The company anticipates significant growth in its CBG business with new joint ventures and expansion plans. The fuel retail segment has seen rapid commissioning of outlets under a franchisee model, contributing to revenue without capex. Efforts are underway to secure long-term offtake agreements for SAF.
Challenges were noted in the ethanol sector due to allocation methodologies, but the company is pursuing legal avenues for pending allocations. Management highlighted potential for increased ethanol blending targets by the government and explored export opportunities.
The company maintained a strong balance sheet with a debt-equity ratio of 0.63 and a current ratio of 1.71. Investor sentiment appears cautiously optimistic, acknowledging operational progress and diversification initiatives despite near-term financial headwinds.