True Green Bio Energy Ltd announced a significant turnaround in Q1 FY27, reporting a profit after tax of Rs 21.85 crore against a loss last year. Revenue also jumped to Rs 227.57 crore. The company also scheduled its 22nd AGM for September 29, 2026.
True Green Bio Energy Ltd Q1 FY27 Results: Profit Surge and AGM Announcement
True Green Bio Energy Ltd reported a profit after tax of Rs 21.85 crore for the quarter ended June 30, 2026, a significant turnaround from a loss of Rs 0.39 crore in the same quarter last year. Revenue from operations surged to Rs 227.57 crore from Rs 7.02 crore year-on-year. Reader Takeaway: Profitability returns with massive revenue growth; AGM and governance updates follow. ## What just happened True Green Bio Energy Ltd announced its financial results for the first quarter of FY27 (ending June 30, 2026). The company posted a profit after tax (PAT) of Rs 21.85 crore, a stark contrast to the loss of Rs 0.39 crore in Q1 FY26. Revenue from operations witnessed a substantial jump to Rs 227.57 crore, compared to Rs 7.02 crore in the prior year's comparable quarter. The statutory auditors, M/s J.T.Shah & Co., provided an unmodified opinion on the financial statements after a limited review. ## Why this matters This marks a significant operational and financial turnaround for True Green Bio Energy. The sharp increase in revenue and the shift from loss to profit indicate a potential scaling up of business activities and improved market positioning. The unmodified audit opinion provides a layer of assurance to investors regarding the financial reporting. ## The backstory In the previous fiscal year's first quarter (Q1 FY26), the company reported minimal revenue and a net loss. The current results show a substantial leap in scale and profitability, suggesting a new phase of growth. The company also formalized its governance by constituting a Corporate Social Responsibility (CSR) Committee and adopting a new CSR policy. ## What changes now With improved financial performance and strengthened governance, the company is set to hold its 22nd Annual General Meeting (AGM) on September 29, 2026. The AGM will be conducted via Video Conferencing. Additionally, the board approved an intra-group re-designation of certain individuals from the "Promoter" to the "Promoter Group" category, which the company stated does not alter aggregate shareholding or control. ## Risks to watch Investors should monitor the shareholding pattern filing to understand the implications of the promoter re-designation, although the company has assured no change in aggregate shareholding or control. ## Peer comparison *Data not available in filing. True Green Bio Energy's reported revenue growth and profitability shift are significant within its operational context.* ## Context metrics (time-bound) * **Revenue from Operations:** Rs 227.57 crore in Q1 FY27 (vs. Rs 7.02 crore in Q1 FY26) * **Profit After Tax:** Rs 21.85 crore in Q1 FY27 (vs. Rs -0.39 crore in Q1 FY26) * **Basic/Diluted EPS:** Rs 6.63 in Q1 FY27 (vs. Rs -0.03 in Q1 FY26) ## What to track next Key things to track include the outcome of the 22nd AGM, future shareholding patterns, and the company's continued performance trajectory in the upcoming quarters, particularly concerning revenue growth and sustained profitability.
