Synopsis: True Green Bio Energy surged 10 percent after posting 4,476 percent YoY revenue growth and profit growth of 4,280 percent in Q3 FY26, driven by sharp revenue expansion and commissioning of its new ethanol plant.
The shares of this company, which manufactures ethanol for blending with petroleum as biofuel and other by-products from broken rice, gained investor traction after it announced strong Q3 results.
With the market capitalization of Rs 238 crore, True Green Bio Energy Ltd’s shares on Monday made a day high of Rs 78.10 per share, up by 10 percent from its previous day’s closing price of Rs 70.90 per share. The share trades at an overvalued P/E of 182x, way higher than the industry P/E of 22.4x.
Results Highlights
QoQ View: The revenue from operations grew by 3,727 percent to Rs 84.2 crore in Q3 FY26 from Rs 2.20 crore in Q2 FY26, and EBIDT grew by 30,900 percent to Rs 15.5 crore in Q3 FY26 from Rs 0.05 crore in Q2 FY26. Accompanied by a net profit growth of 155 percent to Rs 2.19 crore in Q3 FY26 from Rs 0.86 crore in Q2 FY26.
YoY View: The revenue from operations grew by 4,476 percent to Rs 84.2 crore in Q3 FY26 from Rs 1.84 crore in Q3 FY25, and EBIDT grew by 8,058 percent to Rs 15.5 crore in Q3 FY26 from Rs 0.19 crore in Q3 FY25. Accompanied by a net profit growth of 4,280 percent to Rs 2.19 crore in Q3 FY26 from Rs 0.05 crore in Q3 FY25, resulting in an EPS growth of 3,200 percent to Rs 0.66 per share in Q3 FY26.
During the current quarter, the company commenced commercial operations at its new 300 KLPD grain-based ethanol plant in Ahmedabad, Gujarat, strengthening production capacity and supporting growth in the biofuel segment.
In December 2025, the company’s shareholding pattern saw notable shifts compared to last year. Promoters reduced their stake to 61.27 percent from 69.34 percent, while FII holdings rose sharply to 25.72 percent from 17.87 percent, reflecting increased institutional interest. Meanwhile, public shareholding edged up marginally to 12.99 percent from 12.79 percent.
About the Company
Incorporated in 2003, True Green Bio Energy Ltd is a part of the Chiripal group. It manufactures ethanol for blending with petroleum as biofuel and other by-products from broken rice. The outcome of the distillation process is ethyl alcohol or Ethanol and Dried Distillers’ Grains with Soluble (DDGS) as by-product.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
