Trualt Bioenergy Limited · NSE:TRUALT
Trualt Bioenergy — Q3 FY2026 Earnings Presentation
34 slides from Trualt Bioenergy's earnings presentation, Feb 3, 2026
Slide 1: Filing letter to stock exchanges
Date: February 03, 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 ISIN: INE0MWH01014 Symbol: TRUA
Slide 2: Investor Presentation Q3 FY 26
INVESTOR PRESENTATION Q3 FY 26
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 docu- mentation or information (or any part thereof) deliver
Slide 4: Contents
CONTENTS 01Company 02 Product 03 Management 04 Long-Term Growth & 05 Key Financial 07 Segment-wise 22 Performance Review - Overview Portfolio Commentary Value Creation Drivers Highlights Financial Highlights Nine Months Ended 24 Performance Review - 26 Ratio 27 Company’s 28 Sectoral Events Three Mon
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 Q3FY26, Mr. Vijay Nirani (Managing Director of TruAlt Bioenergy Limited), said: Energy today is central to a nation’s economic strength and security. Recent global events Having moved decisively beyond the learning curve, our foc
Slide 8: Long-Term Growth & Value Creation Drivers
LONG-TERM GROWTH & VALUE CREATION DRIVERS SCALED, MULTI-FEED ETHANOL PLATFORM ENABLING “NEAR YEAR-ROUND” OPERATIONS ▪ Transitioned from a seasonal business to a near year-round, multi-feed biofuels enterprise ▪ Installed ethanol capacity: 2,000 KLPD with 1,300 KLPD (65%) dual-feed integration STRATE
Slide 9: Performance Highlights - Nine Months Ended Dec 31, 2025
PERFORMANCE HIGHLIGHTS Nine months ended Dec 31,2025 ▪ During Q3, the planned capex for the grain integration stands fully commissioned. ▪ The sugar crushing season in Karnataka only commenced from mid of November and we only got about 58 days of operation in the quarter, during which 4 out of the 5
Slide 10: Performance Highlights - Three Months Ended Dec 31, 2025
PERFORMANCE HIGHLIGHTS Three months ended Dec 31,2025 ▪ During Q3, the planned capex for the grain integration stands fully commissioned. ▪ The sugar crushing season in Karnataka only commenced from mid of November and we only got about 58 days of operation in the quarter, during which 4 out of the
Slide 11: Segment-wise Highlights for Nine Months Ended December 31, 2025
SEGMENT-WISE HIGHLIGHTS FOR NINE MONTHS ENDED DECEMBER 31, 2025 Ethanol CBG Highlights Retail Fuel for Q3 - CBG Network ₹ 1108.13 Cr. (9M FY 26) ₹ 29.51 Cr. (9M FY 26) ₹ 30.97 Cr. (9M FY 26) ₹ 16.65 Cr. (9M FY 26) ₹ 48.19 Cr. (9M FY 26) Total Income PBT Total Income PBT Total Income 9.99% (30.74)% 5
Slide 12: Segment-wise Highlights for Three Months Ended December 31, 2025
SEGMENT-WISE HIGHLIGHTS FOR THREE MONTHS ENDED DECEMBER 31, 2025 Ethanol CBG Highlights Retail Fuel for Network Q3 - CBG ₹ 678.21 Cr. (Q3 FY 26) ₹ 84.97 Cr. (Q3 FY 26) ₹ 10.26 Cr. (Q3 FY 26) ₹ 4.42 Cr. (Q3 FY 26) ₹ 42.51 Cr. (Q3 FY 26) Total Income PBT Total Income PBT Total Income 68.22% (QoQ) 2.97
Slide 13: Ethanol Segment
ETHANOL_ SEGMENT~ j
Slide 14: Ethanol Capacities
ETHANOL CAPACITIES From Seasonal to Year-Round: India’s Largest Ethanol Platform Sets a New Operating Standard 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 D
Slide 15: 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 • Q3FY2025-26 11
Slide 16: CBG Segment
CBG SEGMENT
Slide 17: 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 18: CBG Segment Performance
CBG SEGMENT PERFORMANCE TOTAL INCOME 30.97 EBITDA EBITDA % 19.35 (₹ Cr.) (₹ Cr.) (%) 20.53 50.85% 8.81 119.60% 66.85% 63.34% 53.49% 10.26 5.46 8.00 5.22 44.30% 4.75% 28.30% Q3 FY 25 Q3 FY 26 9M FY 25 9M FY 26 Q3 FY 25 Q3 FY 26 9M FY 25 9M FY 26 Q3 FY 25 Q3 FY 26 9M FY 25 9M FY 26 PBT PBT PAT PAT 16.
Slide 19: 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 20: 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 21: CBG Expansion JV with Sumitomo Corporation: Execution Status
CBG EXPANSION JV WITH SUMITOMO CORPORATION UPDATE ON STATUTORY & EXECUTION STATUS Mudhol (Bagalkot, Karnataka) ▪ 80% civil construction completed, 30% mechanical erection completed. ▪ EPC construction agreement, erection & commissioning agreement, and gas supply agreement executed with Biobuild Infr
Slide 22: 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 ▪ EPC construction agreement, erection & commissioning ▪ agreement, and gas supply agreement executed with Biobuild Infra Private
Slide 23: Retail Fuel Segment
RETAIL FUEL SEGMENT
Slide 24: 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 • Q3FY2025
Slide 25: Retail Fuel Network Performance
RETAIL FUEL NETWORK PERFORMANCE Highlights for Nine Months ended Dec 31, 2025 Highlights for Three Months ended Dec 31, 2025 ₹ 48.19 Cr. ₹ 0.96 Cr. 2.00% ₹ 42.51 Cr. ₹ 0.85 Cr. 2.00 % Total Income PAT PAT % Total Income PAT PAT % INVESTOR PRESENTATION • Q3FY2025-26 21
Slide 26: Standalone Performance - Nine Months Ended
STANDALONE PERFORMANCE - NINE MONTHS ENDED
Slide 27: Standalone Performance Review - Nine Months Ended December 31, 2025
Q3 FY 2025- 26 PERFORMANCE STANDALONE PERFORMANCE REVIEW - NINE MONTHS ENDED DECEMBER 31, 2025 Current Product Portfolio (All amounts are in ₹ Cr. unless otherwise stated) For the 9 months ended For the 9 months ended Particulars Variance Variance % December 31, 2025 December 31, 2024 Income Revenue
Slide 28: Standalone Performance - Three Months Ended
STANDALONE PERFORMANCE - THREE MONTHS ENDED
Slide 29: Standalone Performance Review - Three Months Ended December 31, 2025
Q3 FY 2025- 26 PERFORMANCE STANDALONE PERFORMANCE REVIEW - THREE MONTHS ENDED DECEMBER 31, 2025 Current Product Portfolio (All amounts are in ₹ Cr. unless otherwise stated) For the 3 months ended For the 3 months ended Particulars Variance Variance % December 31, 2025 December 31, 2024 Income Revenu
Slide 30: Ratio Analysis on Standalone Basis
RATIO ANALYSIS ON STANDALONE BASIS CURRENT RATIO DEBT/EQUITY DEBT/EBITDA ISCR 1.53 0.65 4.58 1.86 TOL/TNW ROE ROCE 1.58 1.60% 6.05% INVESTOR PRESENTATION • Q3FY2025-26 26
Slide 31: Future Outlook
FUTURE OUTLOOK Ethanol Compressed Biogas Retail Fuel Network Sustainable Aviation Fuel ▪ Dual-feed integration of 1,300 KLPD (out of ▪ The Union Budget 2026–27’s exemption of ▪ Downstream retail expansion enables ▪ The 100 million LPA ethanol-to-jet (ETJ/ATJ) 2,000 KLPD installed) drives a structura
Slide 32: Key Sectoral Events to Watch Out For
KEY SECTORAL EVENTS TO WATCH OUT FOR Dedicated CBG policy that may unlock a ~USD 30 billion investment opportunity, with production projected to grow nearly sevenfold by 2030. Roadmap Beyond E20 Blending Sustainable Aviation Fuel (SAF) Policy Notification National Carbon Credit & Trading Framework I
Slide 33: 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 34: Thank You
THANK YOU