Q2 FY26 loss widens; board approves JV with Sumitomo for CBG plants
TRUALT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.2 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY26 standalone revenue Rs 104.48 crore vs Rs 382.13 crore YoY. Loss of Rs 42.75 crore vs Rs 16.90 crore YoY. H1 FY26 loss Rs 42.72 crore. Company says results not indicative of full-year as only one ethanol unit ran during off-season and others became operational only from October. Board approved a JV with Japan Sumitomo Corporation for 4 compressed biogas plants with Sumitomo to hold 49 percent in subsidiary Trualt Gas. Also signed a deal with GAIL. Stock listed on NSE and BSE on Oct 3 after IPO oversubscribed 75 times.
Losses widened on seasonal weakness, but new JV with global major Sumitomo and GAIL deals add long-term clean energy growth optionality.