Now Reading: TruAlt Bioenergy Q1 profit jumps 12-fold to Rs 59.27 crore
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TruAlt Bioenergy Q1 profit jumps 12-fold to Rs 59.27 crore
TruAlt Bioenergy, India’s largest ethanol producer by installed capacity, has reported a 12-fold increase in its profit after tax for the June quarter to Rs 59.27 crore, against Rs 4.73 crore in…
The Story in Brief
TruAlt Bioenergy, India’s largest ethanol producer by installed capacity, has reported a 12-fold increase in its profit after tax for the June quarter to Rs 59.27 crore, against Rs 4.73 crore in the same period last year. Revenue nearly doubled to Rs 641.41 crore from Rs 326.63 crore, the company said in a statement.
The firm’s installed ethanol capacity grew 43 per cent year on year to 2,000 KLPD, with 65 per cent now running on dual-feed technology that allows production from both sugar-based feedstocks and grains unfit for human consumption. Managing Director Vijay Nirani said current capacity utilisation of 60.57 per cent leaves room for growth, and the company plans to expand its network of retail fuel outlets from seven to 100 under a phased strategy.
The Indian Opinion
A 12-fold profit jump invites scepticism until you check the base effect: Rs 4.73 crore was an unusually low number from last year. What matters more is the 96 per cent revenue growth and the 1,300 KLPD of dual-feed capacity now running near year-round. The narrative that Indian ethanol firms live or die by government blending mandates misses the point: TruAlt’s real test is whether it can push utilisation from 60 per cent to, say, 80 per cent without a sugar price spike. That number next quarter will tell.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
