Trualt Bioenergy Limited · NSE:TRUALT
Trualt Bioenergy — Q2 FY27 Earnings Presentation
44 slides from Trualt Bioenergy's earnings presentation, Oct 23, 2026
Slide 1: Exchange filing cover letter
Date: October 23, 2026. To To BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Mumbai-400001 Bandra Kurla Complex, Mumbai-400051 Scrip Code: 544545 Symbol: TRUALT Sub: Investo
Slide 2: Investor Presentation Q2 FY27
INVESTOR PRESENTATION Q2 FY 27
Slide 3: Safe Harbour Statement and Legal Disclaimer
SAFE HARBOUR STATEMENT AND LEGAL DISCLAIMER This investor presentation has been prepared by TruAlt Bioenergy and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered
Slide 4: Contents
CONTENTS 01 Company 02 Product Portfolio 03 Management 04 Powerful Structural 05 Long-Term Growth & 06 Key Strategic and 07 Key Financial 10 Consolidated Overview Commentary Tailwinds Driving Value Creation Drivers Operational Milestones Highlights Revenue Mix India’s Bioeconomy 11 Segment-wise 28 C
Slide 5: Company Overview
COMPANY OVERVIEW One of India’s largest MANUFACTURING FACILITIES AND CAPACITIES biofuels players. India’s only dedicated biofuels company, combining agricultural strength with industrial scale to deliver diversified bioenergy solutions. Largest Ethanol UNIT 2 producer in India based on installed cap
Slide 6: Product Portfolio
PRODUCT PORTFOLIO CURRENT PRODUCTS PROPOSED PRODUCTS FIRST-GENERATION (1G ) ETHANOL COMPRESSED BIOGAS (CBG) EXTRA NEUTRAL ALCOHOL (ENA) SECOND-GENERATION (2G ) ETHANOL SUSTAINABLE AVIATION FUEL (SAF) CO2 FERMENTED ORGANIC MANURE BIOFUEL DISPENSING STATIONS FUTURE FUELS & HIGH VALUE DRIED DISTILLERS
Slide 7: A Message from the Managing Director
A MESSAGE FROM THE MANAGING DIRECTOR Commenting on the performance for H1 and Q2 FY27, Mr. Vijay Nirani said: Our Jamkhandi plant is operational, with the three plants at Mudhol, Keralmatti and Badami Ethanol Segment and ESY 2026–27 Outlook expected to be operational by the end of Q3 FY27, followed
Slide 8: Powerful Structural Tailwinds Driving India's Bioeconomy
POWERFUL STRUCTURAL TAILWINDS DRIVING INDIA’S BIOECONOMY Global energy disruptions reinforce the strategic importance of domestic renewable fuels GLOBAL ENERGY DISRUPTIONS HIGH IMPORT DEPENDENCE E20 ESTABLISHES STRENGTHEN THE CASE FOR CREATES A SIGNIFICANT A SCALED DOMESTIC DOMESTIC FUELS SUBSTITUTI
Slide 9: Long-Term Growth & Value Creation Drivers
LONG-TERM GROWTH & VALUE CREATION DRIVERS GREATER UTILISATION OF THE CBG EXPANSION THROUGH ETHANOL PLATFORM STRATEGIC PARTNERSHIPS With 2,000 KLPD of installed capacity, including approximately 1,300 Partnerships with Sumitomo Corporation and GAIL support the planned KLPD with dual-feed capability,
Slide 10: Key Strategic and Operational Milestones
KEY STRATEGIC AND OPERATIONAL MILESTONES Established a Downstream Fuel Retail Presence Progressed the Proposed SAF Project Reported seven operational fuel outlets and four Advanced CBG Advanced development additional outlets under Partnerships with of the proposed 100 construction, forming the Comme
Slide 11: Q2 & H1 FY27 Performance Highlights
Q2 & H1 FY27 PERFORMANCE HIGHLIGHTS
Slide 12: Q2 & H1 FY27 Performance
Q2 & H1 FY 27 PERFORMANCE Highlights for H1 - Consolidated Highlights for Q2 - Consolidated ₹ J 1465.14 Cr. (H1 FY 27) ₹ 94.27 Cr. (H1 FY 27) ₹ 823.74 Cr. (Q2 FY 27) ₹ 34.99 Cr. (Q2 FY 27) Total Income PAT Total Income PAT 221% (YoY) 383% (YoY) 536% (QoQ) 192% (QoQ) ₹ 456.19 Cr. (H1 FY 26) ₹ (33.27)
Slide 13: Segment-wise Highlights H1 FY27
SEGMENT-WISE HIGHLIGHTS H1 FY 27 Highlights for H1 - Ethanol Highlights for H1 - CBG Highlights for H1 - Retail Fuel ₹ 1438.75 Cr. (H1 FY 27) ₹ 89.32 Cr. (H1 FY 27) ₹ 20.07 Cr. (H1 FY 27) ₹ 5.50 Cr. (H1 FY 27) ₹ 6.80 Cr. (H1 FY 27) ₹ 0.10 Cr. (H1 FY 27) Total Income PAT (Loss) Total Income PAT Total
Slide 14: Consolidated Revenue Mix - H1 FY27
CONSOLIDATED REVENUE MIX - H1 FY 27 CONSOLIDATED REVENUE MIX (%) ₹ in Cr. Product Revenue Ethanol 1262.64 ENA 42.21 CBG 19.86 Retail Fuel 6.8 Others 80.25 Total 1411.76 Ethanol ENA Others Retail Fuel CBG 1G ETHANOL COMPRESSED BIOGAS EXTRA NEUTRAL ALCOHOL CO2 FERMENTED ORGANIC MANURE INVESTOR PRESENT
Slide 15: Ethanol Segment
ETHANOL SEGMENT
Slide 16: Ethanol Capacities
ETHANOL CAPACITIES INDIA’S LARGEST MULTI-FEED & YEAR-ROUND ETHANOL PLATFORM 5 units - 2000 KLPD | 1300 KLPD Dual Feed Installed Capacities UNIT 2 1 UNIT 1 4 UNIT 4 Mudhol, Karnataka Kerakalmatti, Karnataka 700 KLPD 200 KLPD UNIT 1 Dual Feed Integration - 550 KLPD Dual Feed Integration - 300 KLPD 2 U
Slide 17: Ethanol Manufacturing Units
ETHANOL MANUFACTURING UNITS UNIT 1 UNIT 2 UNIT 3 UNIT 4 UNIT 5 Mudhol, Karnataka Jamkhandi, Karnataka Khanapur, Karnataka Kerakalmatti, Karnataka Badami, Karnataka 700 KLPD 500 KLPD 400 KLPD 200 KLPD 200 KLPD INVESTOR PRESENTATION • Q2FY2026-27 13
Slide 18: ESY 2026-27 Ethanol Supply Outlook
ESY 2026–27 ETHANOL SUPPLY OUTLOOK Key Indicator Indicative Estimate Implication Installed annual Capacity provides a strong 1,992 crore litres capacity production base Sugar-based ethanol Lower assumed contribution 300 crore litres supply increases reliance on grains Grain-based ethanol Accounts fo
Slide 19: Ethanol Segment Performance
ETHANOL SEGMENT PERFORMANCE TOTAL INCOME EBITDA EBITDA (₹ Cr.) (₹ Cr.) 225.58 (%) 1438.75 812.77 99.03 15.98% 429.73 235% 22.60 12.38% 606% 115.12 913% 898% 5.76% (12.18) (12.12)% Q2 FY 26 Q2 FY 27 H1 FY 26 H1 FY 27 Q2 FY 27 H1 FY 26 H1 FY 27 Q2 FY 27 H1 FY 26 H1 FY 27 Q2 FY 26 Q2 FY 26 PBT PBT PAT
Slide 20: CBG Segment
CBG SEGMENT
Slide 21: CBG Expansion: Multi-Location Deployment Plan
CBG EXPANSION: MULTI-LOCATION DEPLOYMENT PLAN Poised to become one of India’s leading CBG/ Bio-CNG producers. MANUFACTURING FACILITIES AND CAPACITIES CBG Unit & Location Capacity (in TPD) Strategic Partner Company Status Unit 1 10.20 NA Leafiniti Bioenergy Operational Jamkhandi, Karnataka In constru
Slide 22: CBG Expansion: Phase I Investment & Operating Overview
CBG EXPANSION PHASE I - INVESTMENT & OPERATING OVERVIEW Parameter Details Capital Commitment & Financing Phase I Configuration Four Compressed Biogas (CBG) units ₹180 crore committed across three Capital Investment per Unit 85 crore locations, supported by financing from NABARD, along with a Total P
Slide 23: CBG Segment Performance
CBG SEGMENT PERFORMANCE Profit declined due to lower Q2 Market Development Assistance (MDA) revenue and Fermented Organic Manure (FOM) sales volumes following the discontinuation of MDA subsidy claims for supplies after 31 August 2026, along with one-time MCA fees and stamp duty of ₹206 lakh incurre
Slide 24: CBG Expansion JV with Sumitomo Corporation
CBG EXPANSION JV WITH SUMITOMO CORPORATION UPDATE ON STATUTORY & EXECUTION STATUS Mudhol (Bagalkot, Karnataka) ▪ 95% civil construction completed, 90% mechanical erection completed. ▪ Major equipment including digesters have been completed. Inoculation is underway. Other key equipment including scru
Slide 25: CBG Expansion: Statutory & Execution Status
CBG EXPANSION UPDATE ON STATUTORY & EXECUTION STATUS ▪ Badami (Bagalkot, Karnataka) ▪ ▪ ▪ 90% civil construction completed, 65% mechanical erection completed ▪ Mechanical works in digester section and other non-gas sections ▪ are in progress. Major equipment have also arrived at site. ▪ ▪ Plant comm
Slide 26: GOBARdhan - Policy Support for CBG Expansion
GOBARdhan — POLICY SUPPORT FOR CBG EXPANSION ₹23,731 crore unified scheme spanning FY 2026–27 to FY 2035–36 Key Policy Relevance to TruAlt’s CBG Framework Component Expansion Supports CBG obligations of 3% in Provides a policy-backed Offtake FY27, 4% in FY28 and 5% from FY29 demand pathway for planne
Slide 27: Sustainable Aviation Fuel
SUSTAINABLE | ~~ AVIATION FUEL 3
Slide 28: SAF Project Update and Key Milestones
SAF PROJECT UPDATE AND KEY MILESTONES SAF growth opportunity: India’s emerging policy framework and SAF blending ambitions provide a strong foundation for investment in aviation decarbonisation. ₹150 crore grant sanctioned: Grant approved under the PM JI-VAN Yojana through the Centre for High Techno
Slide 29: Retail Fuel Segment
RETAIL FUEL SEGMENT
Slide 30: Retail Fuel Segment
RETAIL FUEL SEGMENT ▪ 7 outlets currently operational; 6 additional stations set to launch by in the coming months. ▪ Network to reach 13 operational outlets across Karnataka under Phase 1 of the 100-outlet rollout. ▪ Strengthens downstream presence and retail reach. INVESTOR PRESENTATION • Q2FY2026
Slide 31: Retail Fuel Network Performance
RETAIL FUEL NETWORK PERFORMANCE Highlights for H1 - Retail Fuel ₹ J 6.80 Cr. (H1 FY 27) ₹ 0.10 Cr. (H1 FY 27) 1.47% (H1 FY 27) Total Income PBT/PAT PBT/PAT % 16% (YoY) 80% (YoY) 83% (YoY) ₹ 5.87 Cr. (H1 FY 26) ₹ 0.50 Cr. (H1 FY 26) 8.52% (H1 FY 26) INVESTOR PRESENTATION • Q2FY2026-27 27
Slide 32: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE
Slide 33: Consolidated Financial Performance - Half-Yearly
Q2 & H1 FY 26 PERFORMANCE (CONTD...) CONSOLIDATED FINANCIAL PERFORMANCE – HALF-YEARLY TOTAL INCOME REVENUE FROM OPERATIONS EBITDA EBITDA (₹ Cr.) (₹ Cr.) (₹ Cr.) % 1,813.96 1,727.51 289.75 16.77% 233.92 16.27% 1,465.14 1,437.98 8.83% 221% 243% 532% 418.75 456.19 36.99 HY FY 26 HY FY 27 FY 25-26 HY FY
Slide 34: Consolidated Financial Performance - Quarterly
Q2 & H1 FY 26 PERFORMANCE (CONTD...) CONSOLIDATED FINANCIAL PERFORMANCE – QUARTERLY TOTAL INCOME 823.74 REVENUE FROM OPERATIONS EBITDA EBITDA (₹ Cr.) (₹ Cr.) 811.10 (₹ Cr.) 101.16 % 12.47% 536% 129.56 2324% 114.86 606% 232% (4.55) (3.96)% Q2 FY 26 Q2 FY 27 Q2 FY 26 Q2 FY 27 Q2 FY 27 Q2 FY 27 Q2 FY 2
Slide 35: Standalone Financial Performance
STANDALONE FINANCIAL PERFORMANCE
Slide 36: Standalone Financial Performance - Half-Yearly
Q2 & H1 FY 26 PERFORMANCE (CONTD...) STANDALONE FINANCIAL PERFORMANCE – HALF-YEARLY TOTAL INCOME REVENUE FROM OPERATIONS EBITDA EBITDA (₹ Cr.) (₹ Cr.) (₹ Cr.) % 1,772.94 1,704.65 283.13 16.61% 225.68 15.91% 1,445.55 1,418.53 232% 5.80% 877% 398.41 256% 435.60 23.10 HY FY 26 HY FY 27 FY 25-26 HY FY 2
Slide 37: Standalone Financial Performance - Quarterly
Q2 & H1 FY 26 PERFORMANCE (CONTD...) STANDALONE FINANCIAL PERFORMANCE – QUARTERLY TOTAL INCOME 815.17 REVENUE FROM OPERATIONS EBITDA EBITDA (₹ Cr.) (₹ Cr.) 802.61 (₹ Cr.) 99.08 % 12.34% 584% 119.10 940% 104.47 668% 232% (11.79) (11.29)% Q2 FY 26 Q2 FY 27 Q2 FY 26 Q2 FY 27 Q2 FY 27 Q2 FY 27 Q2 FY 26
Slide 38: Performance Review - Three Months
Q2 & H1 FY 26 PERFORMANCE (CONTD...) PERFORMANCE REVIEW Current Product Portfolio (All amounts are in ₹ Cr. unless otherwise stated) For the 3 months ended For the 3 months ended Particulars Variance Variance % 30 September 2026 30 September 2025 Income Revenue from operations 802.61 104.48 698.14 6
Slide 39: Performance Review - Six Months
Q2 & H1 FY 26 PERFORMANCE (CONTD...) PERFORMANCE REVIEW Current Product Portfolio (All amounts are in ₹ Cr. unless otherwise stated) For the 6 months ended For the 6 months ended Particulars Variance Variance % 30 September 2026 30 September 2025 Income Revenue from operations 1,418.53 398.41 1,020.
Slide 40: Ratio Analysis on Consolidated Basis
RATIO ANALYSIS ON CONSOLIDATED BASIS CURRENT RATIO DEBT/EQUITY ISCR DSCR 1.99 0.55 3.04 1.25 TOL/TNW ROCE ROE 1.15 17.94% 11.17% INVESTOR PRESENTATION • Q2FY2026-27 36
Slide 41: Future Outlook
FUTURE OUTLOOK
Slide 42: Future Outlook and Execution Priorities
FUTURE OUTLOOK AND EXECUTION PRIORITIES BUSINESS VERTICAL OUTLOOK EXECUTION PRIORITIES Remains the core operating business, Improve capacity utilisation, secure feedstock Ethanol with dual-feed capability supporting longer at viable costs and align production with OMC production cycles allocations D
Slide 43: Know More
KNOW MORE REGISTERED ADDRESS Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313 CORPORATE OFFICE Unit No. N-1501, 15th Floor, World Trade Centre, Brigade Gateway Campus, Rajajinagar, Bangalore - Karnataka, India - 560055 080 2325 5000 contact@trualtbioenergy.com
Slide 44: Thank You
THANK YOU