Trualt Bioenergy Limited · NSE:TRUALT
Trualt Bioenergy — Q4 FY2026 Earnings Presentation
40 slides from Trualt Bioenergy's earnings presentation, May 22, 2026
Slide 1: Exchange filing cover letter for investor presentation
May 22, 2026 BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400001 Mumbai-400051 Scrip Code: 544545 Symbol: TRUALT Sub: Investor Presentation
Slide 2: Investor Presentation for the Quarter and Year ended March 31, 2026
INVESTOR PRESENTATION For the Quarter and Year ended March 31, 2026
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 02 03 04 05 06 07 08 Company Overview Product Portfolio Management Commentary Global Energy Context India’s Strategic Energy Transition Recent Regulatory & Policy Developments The Strategic Evolution of TruAlt Tailwinds Driving India’s Bioeconomy 09 10 12 28 32 33 34 Long Term Performanc
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 Q4FY26, Mr. Vijay Nirani said: Despite adequate raw material availability and fully operational capacities, several producers Backed by accelerating policy support, CBG is increasingly emerging as a strategic pillar of India’s in
Slide 8: The Global Energy Context - A Fractured World
THE GLOBAL ENERGY CONTEXT - A FRACTURED WORLD “Energy Security is ▪ The global energy landscape is undergoing a period of heightened geopolitical and economic uncertainty, fundamentally reshaping how nations approach energy security National Security.” and strategic resilience. ▪ Geopolitical instab
Slide 9: India's Strategic Energy Transition
INDIA’S STRATEGIC ENERGY TRANSITION Following the successful implementation of E20, India is actively building a long-term flex-fuel India is also increasingly evaluating ethanol as a India is progressively building the technical and mobility ecosystem to support higher ethanol potential clean cooki
Slide 10: Recent Regulatory & Policy Developments in Biofuels
RECENT REGULATORY & POLICY DEVELOPMENTS IN BIOFUELS FEBRUARY 2026 MARCH 2026 MARCH 2026 APRIL 2026 APRIL 2026 MAY 2026 EXTENSION AMENDMENT E20 ETHANOL OF GAS MORTH DRAFT AVIATION TURBINE BIS STANDARDS TO IS 17021:2018 – BLENDED PETROL SYNCHRONIZATION AMENDMENTS TO FUEL(ATF) RULE FOR HIGHER ETHANOL B
Slide 11: The Strategic Evolution of TruAlt Bioenergy
THE STRATEGIC EVOLUTION OF TRUALT BIOENERGY Legacy Operating Model (EARLIER) Emerging Strategic Platform (NOW) Seasonal Manufacturing Cycle Near-Continuous Integrated Operations Mono-Feed Dependency Multi-Feed Flexibility & Feedstock Security Ethanol-Centric Revenue Model Commodity-Oriented Business
Slide 12: Powerful Structural Tailwinds Driving India's Bioeconomy
POWERFUL STRUCTURAL TAILWINDS DRIVING INDIA’S BIOECONOMY Energy Security Becoming India’s Largest Long-Term India Emerging as One of the Structural Expansion Policy-Led Multi-Decade a Core Strategic Priority Import Substitution World’s Fastest-Growing Beyond E20 Growth Visibility Escalating geopolit
Slide 13: Long-Term Growth & Value Creation Drivers
LONG-TERM GROWTH & VALUE CREATION DRIVERS WELL-ESTABLISHED, MULTI-FEED & BUILDING A STRUCTURALLY ENHANCING VALUE CREATION STRATEGIC PARTICIPATION IN THE RETAIL FUEL NETWORK YEAR-ROUND ETHANOL PLATFORM RESILIENT GREEN GAS PLATFORM THROUGH INTEGRATED CO-PRODUCT GLOBAL SAF OPPORTUNITY ▪ Rising geopolit
Slide 14: Performance Highlights - Year ended March 31, 2026
PERFORMANCE HIGHLIGHTS Year ended March 31, 2026 ▪ All ethanol facilities remained operational during the quarter, with dual-feed integration supporting stronger production continuity, feedstock flexibility and operational resilience. ▪ The Company had adequate raw material availability and fully op
Slide 15: Performance Highlights - Three months ended March 31, 2026
PERFORMANCE HIGHLIGHTS Three months ended March 31,2026 ▪ All ethanol facilities remained operational during the quarter, with dual-feed integration supporting stronger production continuity, feedstock flexibility and operational resilience. ▪ The Company had adequate raw material availability and f
Slide 16: Segment-wise Highlights for Year Ended March 31, 2026
SEGMENT-WISE HIGHLIGHTS FOR YEAR ENDED MARCH 31, 2026 Ethanol CBG Highlights Retail Fuel for Q3 - CBG Network ₹ 1669.43 Cr. (FY 26) ₹ 106.07 Cr. (FY 26) ₹ 42.86 Cr. (FY 26) ₹ 21.85 Cr. (FY 26) ₹ 103.51 Cr. (FY 26) Total Income PBT Total Income PBT Total Income (11.33)% (29.44)% 50.80% (QoQ) 183.63%
Slide 17: Segment-wise Highlights for Three Months Ended March 31
SEGMENT-WISE HIGHLIGHTS FOR THREE MONTHS ENDED MARCH 31, 2026 Ethanol CBG Highlights Retail Fuel for Network Q3 - CBG ₹ 561.29 Cr. (Q4 FY 26) ₹ 77.18 Cr. (Q4 FY 26) ₹ 11.89 Cr. (Q4 FY 26) ₹ 5.20 Cr. (Q4 FY 26) ₹ 55.32 Cr. (Q4 FY 26) Total Income PBT Total Income PBT Total Income (35.88)% (QoQ) (28.0
Slide 18: Ethanol Segment
ETHANOL_ SEGMENT~ j
Slide 19: 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 - 300 KLPD Dual Feed Integration - 550 KLPD 2 U
Slide 20: 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 • Q4FY2025-26 16
Slide 21: Ethanol Segment Performance
ETHANOL SEGMENT PERFORMANCE ▪ The Company had adequate raw material availability and fully operational production capacities across its integrated 2,000 KLPD ethanol platform during the quarter. However, ethanol offtake remained significantly impacted due to a sharp reduction in lifting by OMCs desp
Slide 22: CBG Segment
CBG SEGMENT
Slide 23: 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 24: CBG Segment Performance
CBG SEGMENT PERFORMANCE TOTAL INCOME 42.86 EBITDA 23.60 EBITDA MARGIN (₹ Cr.) (₹ Cr.) (%) 28.42 50.80% 58.38% 11.51 105% 43.04% 41.71% 4.25 35.02% 11.89 1.55% 4.00% 7.89 2.70 Q4 FY 25 Q4 FY 26 FY 25 FY 26 Q4 FY 25 Q4 FY 26 FY 25 FY 26 Q4 FY 25 Q4 FY 26 FY 25 FY 26 PBT 21.85 PBT MARGIN PAT 18.06 PAT
Slide 25: 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 26: CBG Expansion: Government Support Framework
CBG EXPANSION GOVERNMENT SUPPORT FRAMEWORK We are aligned with prevailing government policy frameworks and are eligible to participate in the incentive and support mechanisms outlined below. CAPITAL SUPPORT OFFTAKE & MARKET INTEGRATION REVENUE & DEMAND SUPPORT Central Financial Assistance (CFA) CBG–
Slide 27: CBG Expansion JV with Sumitomo Corporation: Execution Status
CBG EXPANSION JV WITH SUMITOMO CORPORATION UPDATE ON STATUTORY & EXECUTION STATUS Mudhol (Bagalkot, Karnataka) ▪ 85% civil construction completed, 62% mechanical erection completed. ▪ Major equipment including digesters have neared completion, with hydrotesting activities currently underway. Other k
Slide 28: CBG Expansion JV with Sumitomo Corporation: Execution Status
CBG EXPANSION JV WITH SUMITOMO CORPORATION UPDATE ON STATUTORY & EXECUTION STATUS ▪ Badami (Bagalkot, Karnataka) ▪ ▪ ▪ Land acquisition and statutory approvals completed ▪ The mechanical team mobilised at the site and construction commenced. ▪ ▪ Construction to commence following EPC mobilisation. ▪
Slide 29: Retail Fuel Segment
RETAIL FUEL SEGMENT
Slide 30: Retail Fuel Segment
RETAIL FUEL SEGMENT ▪ 7 outlets currently operational; 4 additional stations set to launch by in the coming months. ▪ Network to reach 11 operational outlets across Karnataka under Phase 1 of the 100-outlet rollout. ▪ Strengthens downstream presence and retail reach. INVESTOR PRESENTATION • Q4FY2025
Slide 31: Retail Fuel Network Performance
RETAIL FUEL NETWORK PERFORMANCE Highlights for year ended March 31, 2026 Highlights for Three Months ended March 31, 2026 ₹ 103.51 Cr. ₹ 3.41 Cr. 3.29% ₹ 55.32 Cr. ₹ 1.82 Cr. 3.29 % Total Income PAT PAT % Total Income PAT PAT % INVESTOR PRESENTATION • Q4FY2025-26 27
Slide 32: Standalone Performance - Year Ended
STANDALONE PERFORMANCE - YEAR ENDED
Slide 33: Standalone Performance Review - Year Ended March 31, 2026
Q4 FY 2025- 26 PERFORMANCE STANDALONE PERFORMANCE REVIEW - YEAR ENDED MARCH 31, 2026 Current Product Portfolio (All amounts are in ₹ Cr. unless otherwise stated) For the year ended For the year ended Particulars Variance Variance % March 31, 2026 March 31, 2025 Income Revenue from operations 1704.65
Slide 34: Standalone Performance - Three Months Ended
STANDALONE PERFORMANCE - THREE MONTHS ENDED
Slide 35: Standalone Performance Review - Three Months Ended March 31, 2026
Q4 FY 2025- 26 PERFORMANCE STANDALONE PERFORMANCE REVIEW - THREE MONTHS ENDED MARCH 31, 2026 Current Product Portfolio (All amounts are in ₹ Cr. unless otherwise stated) For the 3 months ended For the 3 months ended Particulars Variance Variance % March 31, 2026 March 31, 2025 Income Revenue from op
Slide 36: Ratio Analysis on Standalone Basis
RATIO ANALYSIS ON STANDALONE BASIS CURRENT RATIO DEBT/EQUITY ISCR 1.67 0.61 1.96 TOL/TNW ROCE 1.52 9.91% INVESTOR PRESENTATION • Q4FY2025-26 32
Slide 37: Future Outlook
FUTURE OUTLOOK Ethanol Compressed Biogas Retail Fuel Network Sustainable Aviation Fuel ▪ Rising geopolitical volatility, crude oil disruptions ▪ Rising geopolitical volatility, global gas market ▪ While the retail fuel segment continues to witness ▪ Rising geopolitical volatility, aviation fuel pric
Slide 38: Key Sectoral Events to Watch Out For
KEY SECTORAL EVENTS TO WATCH OUT FOR Dedicated CBG policy framework that could unlock a ~USD 30 billion investment opportunity, with domestic CBG production projected to grow nearly sevenfold by 2030. Expansion of CBG integration frameworks supporting domestic gas substitution, CGD network integrati
Slide 39: 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 40: Thank You
THANK YOU