TruAlt Bioenergy Limited, India’s largest ethanol producer by installed capacity, reported an over 12-fold increase in profit after tax for the June quarter on higher revenues, according to a company statement. The company posted a PAT of ₹59.27 crore for Q1FY27 against ₹4.73 crore in the same period last year. Revenues rose 96% to ₹641.41 crore from ₹326.63 crore in Q1FY26.
Financial Performance
The Q1 results reflect the successful integration of TruAlt’s dual-feed ethanol platform and the continuation of its integrated bioenergy strategy, the company said. A comparison of key metrics is shown below:
| Metric | Q1FY27 | Q1FY26 | Change |
|---|---|---|---|
| Profit After Tax (₹ crore) | 59.27 | 4.73 | +1,153% |
| Revenue (₹ crore) | 641.41 | 326.63 | +96% |
| Installed Ethanol Capacity (KLPD) | 2,000 | 1,400 | +43% |
Operational Highlights: Dual-Feed Platform and Capacity Expansion
TruAlt’s installed ethanol capacity increased by 43% from 1,400 KLPD in Q1FY26 to 2,000 KLPD in Q1FY27. Of this, approximately 1,300 KLPD (65%) now operates on dual-feed technology, which allows the company to produce ethanol from both sugar-based feedstocks and grains unfit for human consumption. This transformation enables near year-round operations and creates a more resilient, efficient and profitable business, according to the company.
Current capacity utilisation stands at 60.57%, providing significant room for growth using existing assets, the statement noted.
Future Growth: CBG, SAF, and Retail Fuel Outlets
TruAlt currently operates seven retail fuel outlets, with further expansion planned under a phased strategy to establish a network of 100 outlets. The company reported progress in other business verticals during the quarter:
- Compressed Biogas (CBG) projects with Sumitomo Corporation and GAIL (India) Limited continue to progress well.
- The proposed Sustainable Aviation Fuel (SAF) project is moving forward steadily.
- In downstream fuel retail, the company adopted a disciplined expansion approach in view of heightened geopolitical tensions in West Asia and resulting volatility in crude oil markets, prioritising long-term value creation over rapid expansion, according to Vijay Nirani, Managing Director of TruAlt Bioenergy.
Management Commentary
“Q1 FY27 marks an important milestone for TruAlt Bioenergy as we report our first year-on-year first-quarter performance as a listed company. I am delighted to share that the Company has delivered a strong financial and operational performance and we are now beginning to see the benefits of the strategic investments we have made over the past year, particularly our transition from a mono-feed ethanol manufacturing platform to a dual-feed platform. This transformation has given us the flexibility to produce ethanol from both sugar-based feedstocks and grains (unfit for human consumption), enabling near year-round operations while creating a more resilient, efficient and profitable business,” said Vijay Nirani, Managing Director.
He added, “Our current capacity utilisation stands at 60.57 per cent, which gives us significant room to grow using our existing assets. Our immediate focus is on increasing our gross capacity utilisation, improving operational efficiencies and driving higher production from our existing manufacturing platform. We believe this will support sustainable growth, improve profitability and generate stronger returns over the coming years.”
The company’s strong quarterly performance underscores its position as a leading player in India’s bioenergy sector, with feedstock flexibility and strategic partnerships positioning it for continued growth despite headwinds from global crude oil volatility linked to West Asian tensions.
Sources:
