Trualt Bioenergy reported a 106.3% quarter-over-quarter revenue surge to INR 626.9 crore for the first quarter of fiscal year 2027, driven by ethanol production and sales of 8.5 crore liters. EBITDA margin improved to 23.5% from 12.4% in the prior quarter, while profit after tax jumped over 1,000% year-over-year to INR 59.3 crore. The company's compressed biogas vertical delivered profit after tax margins of 40 to 45%, and it secured INR 150 crore in viability gap funding from the Government of India for a sustainable aviation fuel project. However, ethanol capacity utilization remained at only 60%, maize prices rose sharply to INR 25.5 per kilogram, and finance costs stayed high at 7% of revenue.
Sumitomo CorporationRevenue surged 106% QoQ, EBITDA margin improved, and PAT jumped over 1000% YoY