TruAlt Bioenergy Q2 FY27 Results: Consolidated Net Profit ₹34.99 Crore on Total Income of ₹824 Crore
Earnings
Bioenergy (ethanol and compressed biogas)
Blacklitt Research4 min read
TruAlt Bioenergy (NSE: TRUALT) reported consolidated total income of ₹823.74 crore and net profit of ₹34.99 crore for the quarter ended 30 Sep 2026, with standalone total income of ₹815.17 crore and net profit of ₹34.42 crore, it said in a filing on 24 Oct 2026. The board also approved a proposed slump sale of Unit 5.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹823.74 crore, up 535.6% YoY and 28.4% QoQ
Net profit and EPS: ₹34.99 crore and basic EPS of ₹4.04, against a loss of ₹37.94 crore a year ago
Finance costs: ₹42.47 crore, 5.2% of total income
Unit 5 slump sale: Preliminary offer of ₹171 crore from Onkar Agro Sugars & Energy Private Limited
Standalone
The company on its own, without its subsidiaries
Total income: ₹815.17 crore, up 584.4% YoY and 29.3% QoQ
Net profit and EPS: ₹34.42 crore and basic EPS of ₹4.01, against a loss of ₹42.75 crore a year ago
Finance costs: ₹41.95 crore, 5.1% of total income
Tax share: 25.2% of profit before tax of ₹46.03 crore
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
823.74
129.61
+535.6%
641.41
+28.4%
Revenue from operations
811.10
114.85
+606.2%
626.89
+29.4%
Other income
12.64
14.76
-14.4%
14.52
-12.9%
34.99
-37.94
n/a
59.27
-41.0%
Finance costs
42.47
38.60
+10.0%
44.03
-3.5%
Depreciation
24.24
20.78
+16.7%
24.80
-2.3%
Tax expense
12.09
-11.24
n/a
19.17
-36.9%
Net profit margin
4.25%
-29.27%
+33.52 pp
9.24%
-4.99 pp
Tax as share of profit before tax
25.7%
n/a
n/a
24.4%
+1.24 pp
EPS, basic (₹)
4.04
n/a
n/a
6.67
-39.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit fell while income rose. Consolidated total income of ₹823.74 crore was 28.4% above the previous quarter, but net profit fell 41.0% to ₹34.99 crore. Profit before tax went from ₹78.45 crore to ₹47.09 crore, while the tax share moved from 24.4% to 25.7%, so the tax rate changed little between the two quarters. The filing does not explain the fall in profit before tax.
Other income of ₹12.64 crore is 1.5% of total income and 26.8% of profit before tax, so the quarter's pre-tax profit rests mainly on operating income rather than on other income. Finance costs of ₹42.47 crore were 3.5% lower than in Q1 FY27 and are 5.2% of total income. Net profit of ₹34.99 crore includes ₹34.68 crore attributable to owners, the rest being ₹31.09 lakh attributable to non-controlling interests.
The year-ago quarter was a loss of ₹37.94 crore with EPS of minus ₹5.37, so the rise in profit against Q2 FY26 is measured from a low base. Against the previous quarter, basic EPS fell 39.4% from ₹6.67 to ₹4.04.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
815.17
119.10
+584.4%
630.37
+29.3%
Revenue from operations
802.61
104.47
+668.3%
615.92
+30.3%
Other income
12.56
14.63
-14.1%
14.45
-13.1%
34.42
-42.75
n/a
55.01
-37.4%
Finance costs
41.95
38.01
+10.4%
43.52
-3.6%
Depreciation
23.65
20.30
+16.5%
24.23
-2.4%
Tax expense
11.62
-12.73
n/a
18.30
-36.5%
Net profit margin
4.22%
-35.89%
+40.12 pp
8.73%
-4.50 pp
Tax as share of profit before tax
25.2%
n/a
n/a
25.0%
+0.28 pp
EPS, basic (₹)
4.01
n/a
n/a
6.41
-37.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations of ₹802.61 crore is 668.3% above ₹104.47 crore in the same quarter a year earlier, and the year-ago base was low. Other income of ₹12.56 crore is 1.5% of total income and 27.3% of profit before tax of ₹46.03 crore.
Standalone net profit of ₹34.42 crore fell 37.4% from the previous quarter while total income rose 29.3%. Standalone tax expense of ₹11.62 crore is 25.2% of profit before tax, against 25.0% in Q1 FY27. Consolidated net profit is ₹0.57 crore higher than standalone, and consolidated total income is ₹8.57 crore higher.
Beyond the tables, the filing describes Unit 5 as a slump sale to Onkar Agro Sugars & Energy Private Limited at a preliminary offer of ₹171 crore. The assets are classified as held for sale at ₹193.23 crore, made up of ₹158.23 crore of fixed assets and a ₹35 crore capital advance. The company is still identifying the final list of assets and liabilities and finalising the terms. The preliminary offer is ₹22.23 crore below the carrying amount of these assets. The filing also records a prior period adjustment of ₹10.54 crore in other expenses under Ind AS 8, for the quarter and year ended 31 Mar 2026. Exceptional items are nil for the quarter. The auditor draws attention to the balancing-figure treatment of the quarter, and the conclusion is not modified.
Inference
The results show consolidated and standalone profit well below the previous quarter, with income up in both, and the filing gives no per-share guidance. The Unit 5 slump sale would move ₹193.23 crore of held-for-sale assets out of the business if completed, but the final price, the completion date and the effect on future results are not stated.
Gaps the filing leaves open: the reason for the sharp rise in standalone revenue, the reason for the losses in the quarter a year ago, the reason for the Unit 5 sale, and the nature of the ₹10.54 crore prior period adjustment beyond the reference to Ind AS 8.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
