Approval of Audited Financial Result for the quarter and year ended 31st March, 2026
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True Green Bio Energy Ltd (formerly CIL Nova Petrochemicals) reported audited financial results for Q4 and FY26 ended March 31, 2026. The company achieved total income of Rs 28,401.03 lakhs in FY26 compared to Rs 2,342.43 lakhs in Q4 FY25 (partial comparison). Profit from continuing operations before tax turned around significantly from a loss of Rs 121.72 lakhs in FY25 to a profit of Rs 4,199.54 lakhs in FY26. Net profit from continuing operations stood at Rs 3,132.95 lakhs. However, the company reported a negative operating cash flow of Rs 4,681.74 lakhs due to substantial increases in trade receivables (Rs 7,120.63 lakhs) and inventories (Rs 3,623.48 lakhs). The auditors from J.T. Shah & Co. issued an unmodified (clean) opinion on the financial statements.
The company showed strong turnaround in profitability, but the significant negative operating cash flow despite profit raises concerns about cash conversion quality and working capital management. Shareholders should monitor the company's ability to manage its growing receivables and inventory levels.