True Green Bio Energy Reports Rs 18 Crore Profit

Q2 FY27 Net Profit: Rs 18.02 Crore | Revenue: Rs 234.55 Crore

Reader Takeaway: Robust plant utilization shows operational strength; investors now await lender approval for the proposed 150 KLPD capacity expansion.

What just happened

True Green Bio Energy has announced its financial performance for the second quarter of FY27, reporting a net profit of Rs 18.02 crore. The company generated a total revenue of Rs 234.55 crore, with an EBITDA of Rs 31.11 crore during the same period.

Why this matters

The company’s grain-based ethanol facility in Changodar, Ahmedabad, which began operations in October 2025, is currently running at a high utilization rate of 85-90%. This performance suggests strong demand for its fuel-grade ethanol and byproduct, distillers dried grains with solubles (DDGS).

The backstory

Having successfully ramped up its initial 300 KLPD capacity, the company is looking to scale further. Chairman and Director Mr. Jyotiprasad Chiripal confirmed that the company is focused on increasing supplies to oil marketing companies to solidify its standing in the domestic ethanol sector.

What changes now

Management has submitted a formal proposal to its lenders for a brownfield expansion. This project aims to add 150 KLPD of production capacity at an estimated investment of Rs 145 crore. The expansion is critical for the company to leverage current demand trends.

Risks to watch

The primary risk for shareholders remains the financing stage. The Rs 145 crore expansion plan is currently awaiting approval from lenders. Investors should monitor for financial closure and the timeline for project implementation to ensure there are no unforeseen capital expenditure delays.

What to track next

Watch for official updates regarding the lender sanction for the expansion project and subsequent announcements on construction timelines. Additionally, keep an eye on whether the company can sustain its 85-90% utilization rate as it integrates new capacity in the future.