Outcome of Board Meeting - Approval of Audited Financial Result for the quarter and year ended on 31st March, 2026
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True Green Bio Energy Limited reported audited financial results for FY ended March 31, 2026. Revenue from operations declined significantly to Rs. 19,027.58 lakhs from Rs. 28,369.76 lakhs in the previous year, representing approximately 33% revenue decline. Despite lower revenues, the company turned profitable with profit from continuing operations of Rs. 3,886.65 lakhs (vs loss of Rs. 103.99 lakhs in FY25) and net profit of Rs. 2,867.28 lakhs. The auditors J.T. Shah & Co. issued an unmodified (clean) opinion. However, the board meeting was initially adjourned before finalizing results. Cash flow analysis reveals significant concerns with negative operating cash flow of Rs. 4,681.74 lakhs, driven by substantial increases in working capital (trade receivables up Rs. 7,120.63 lakhs, inventories up Rs. 3,623.48 lakhs). The company also invested heavily in PPE (Rs. 9,532.53 lakhs) and incurred higher finance costs of Rs. 1,279.87 lakhs.
While the company achieved profitability turnaround despite revenue decline, the deeply negative operating cash flow raises questions about earnings quality and working capital management. Shareholders should monitor cash conversion and debt levels going forward.