TruAlt Reports Transitional Q2 as Dual-Feed Upgrade Advances

14 Nov 2025 CW Team

A Quarter of Planned Transition

Q1 and Q2 FY26 were marked by a deliberate and intensive phase of transformation across TruAlt’s ethanol platform. The company advanced dual-feed integration across 1,300 KLPD of its 2,000 KLPD installed capacity, covering three of its five manufacturing facilities in Karnataka. This required a series of planned, safety-driven shutdowns, which temporarily reduced capacity utilisation and output.

Alongside these shutdowns, the quarter involved commissioning pauses, equipment realignment and process stabilisation—critical steps in transitioning from a mono-feed, season-linked operating structure to a near-continuous year-round model. Although TruAlt had installed capacity, assured feedstock and OMC allocations, the temporary halt was a strategic decision aimed at eliminating seasonality. The shift from roughly 140 operating days to nearly 300–330 days annually will increase uptime by between 114 and 136 per cent.

Despite undertaking a 3.5-month planned shutdown for integration activities, TruAlt delivered a stronger H1 bottom line than the same period last year, highlighting the resilience of its core platform.

CBG Business Delivers Breakout Growth

The company’s CBG vertical emerged as a standout performer, posting H1 FY26 revenue of Rs 207 million and PAT of Rs 97.1 million — a 659 per cent year-on-year increase. EBITDA rose to Rs 138.9 million, reflecting growth of 286 per cent, while EBITDA margins expanded sharply to 68.29 per cent, positioning CBG as one of TruAlt’s most value-accretive businesses.

Structural Shift to 330 Operating Days

With dual-feed integration now complete and feedstock access expanding across the network, TruAlt is structurally repositioning itself to operate close to 330 days a year, compared with approximately 140 days under the earlier model.

Managing Director Vijay Nirani said Q2 and H1 FY26 should be viewed as an investment phase in TruAlt’s long-term transformation. He emphasised that the company chose sustainable structural improvements over short-term gains, prioritising safety-led shutdowns and commissioning across three of its largest units as part of the 1,300 KLPD integration programme.

“These choices naturally impacted utilisation, throughput and profitability for the quarter,” Nirani said. “But they were deliberate, necessary and fully aligned with our long-term operating model. Once stabilised, these integrated capacities will significantly enhance feedstock flexibility, smoothen quarterly performance and bring TruAlt closer to 330 operating days annually.”

TruAlt Bioenergy Limited (“TruAlt”), one of India’s largest biofuels producers and the country’s biggest ethanol manufacturer by installed capacity, has announced its unaudited consolidated financial results for the second quarter and first half of FY 2025–26, prepared under IndAS. A Quarter of Planned Transition Q1 and Q2 FY26 were marked by a deliberate and intensive phase of transformation across TruAlt’s ethanol platform. The company advanced dual-feed integration across 1,300 KLPD of its 2,000 KLPD installed capacity, covering three of its five manufacturing facilities in Karnataka. This required a series of planned, safety-driven shutdowns, which temporarily reduced capacity utilisation and output. Alongside these shutdowns, the quarter involved commissioning pauses, equipment realignment and process stabilisation—critical steps in transitioning from a mono-feed, season-linked operating structure to a near-continuous year-round model. Although TruAlt had installed capacity, assured feedstock and OMC allocations, the temporary halt was a strategic decision aimed at eliminating seasonality. The shift from roughly 140 operating days to nearly 300–330 days annually will increase uptime by between 114 and 136 per cent. Despite undertaking a 3.5-month planned shutdown for integration activities, TruAlt delivered a stronger H1 bottom line than the same period last year, highlighting the resilience of its core platform. CBG Business Delivers Breakout Growth The company’s CBG vertical emerged as a standout performer, posting H1 FY26 revenue of Rs 207 million and PAT of Rs 97.1 million — a 659 per cent year-on-year increase. EBITDA rose to Rs 138.9 million, reflecting growth of 286 per cent, while EBITDA margins expanded sharply to 68.29 per cent, positioning CBG as one of TruAlt’s most value-accretive businesses. Structural Shift to 330 Operating Days With dual-feed integration now complete and feedstock access expanding across the network, TruAlt is structurally repositioning itself to operate close to 330 days a year, compared with approximately 140 days under the earlier model. Managing Director Vijay Nirani said Q2 and H1 FY26 should be viewed as an investment phase in TruAlt’s long-term transformation. He emphasised that the company chose sustainable structural improvements over short-term gains, prioritising safety-led shutdowns and commissioning across three of its largest units as part of the 1,300 KLPD integration programme. “These choices naturally impacted utilisation, throughput and profitability for the quarter,” Nirani said. “But they were deliberate, necessary and fully aligned with our long-term operating model. Once stabilised, these integrated capacities will significantly enhance feedstock flexibility, smoothen quarterly performance and bring TruAlt closer to 330 operating days annually.”

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