Wedoany.com Report on Feb 7th, TruAlt Bioenergy Limited recently announced its quarterly financial results for the period ending December 31, 2025, reporting a net profit of ₹6.919 billion for the quarter. The data shows that the company's total revenue reached ₹73.086 billion, a quarter-on-quarter increase of 69.75%, while EBITDA rose to ₹1.34 billion, reflecting a 7.54% improvement sequentially.
In terms of operations, the company completed a crucial phase of integrating its ethanol business, with the capital expenditure plan for grain integration now fully operational. As the sugarcane crushing season in Karnataka began in mid-November, the effective operational days for the quarter were approximately 58. During this period, four out of the five ethanol plants remained operational, with daily capacity utilization exceeding 95%. Following the receipt of permits for the fifth unit on December 17, all plants are now running at full capacity. On a quarterly basis, overall utilization was around 60%, while daily utilization during operational days remained high. With the completion of the capex plan, the company's ethanol business platform is stable and capable of supporting a monthly production of 55 to 60 million liters.
The company's compressed biogas (CBG) business performed exceptionally well, with operational efficiency surpassing industry standards. In the nine months ended December 31, this segment generated total revenue of ₹3.097 billion, with an EBITDA margin of 63% and a net profit margin of 43%. The company plans to develop 24 new project units through joint ventures over the next two to three years. Regarding policy support, the excise duty exemption and infrastructure incentives included in the budget have improved project economics.
In the sustainable aviation fuel (SAF) sector, the company is progressing with technology licensing from Honeywell UOP and plans to construct a facility in Andhra Pradesh with an annual capacity of 100 million liters. Engineering design is currently underway. Simultaneously, discussions are ongoing with partners regarding equity participation. The company is expected to secure funding support of ₹15 billion, enhancing project feasibility.
Significant progress has been made in the biofuels retail business. After obtaining the necessary licenses, the company opened seven retail outlets within six months, with four additional sites under construction. Starting from the next fiscal year, the network is expected to expand to approximately 75 sites, which will help the company adapt to changes in fuel policies and consolidate its market position. The company is also exploring value-added opportunities in areas such as dried distillers grains with solubles (DDGS) and green CO₂ to enhance resource efficiency.
Managing Director Vijay Nirani stated, "The quarterly results demonstrate substantial progress in our operational foundation and earnings quality. Margin expansion reflects the benefits of scale and feedstock integration advantages. The transition towards near year-round operations has enhanced business predictability and efficiency." He added, "The company will continue to focus on execution and capital allocation, committed to creating value for shareholders while supporting energy transition goals."
