The call ran from 2:01 PM to 3:14 PM IST (1 h 13 min).
Key takeaways
Clean Max delivered a robust H1 FY27 with 67% revenue growth, fueled by surging AI data center demand and aggressive 600 MW capacity commissioning despite significant grid curtailment at Bikaner.
| Revenue growth | 67% YoY growth in H1 FY27, driven by organic capacity additions. |
|---|---|
| Margins | EBITDA margins remain high at 84% for the power sales segment. |
| Order book | 2,600 MW pipeline representing roughly 21 months of future growth visibility. |
| Demand visibility | Strong visibility from AI and data centers, comprising 42% of volume. |
| Management confidence | High, emphasizing premium positioning and industry-leading tariffs of ₹4 per unit. |
Growth
H1 revenue grew 67%; EBITDA rose 56% YoY driven by capacity expansion and repeat client orders.
Outlook
Management targets 1,500 MW annual capacity additions and a minimum reported EBITDA of ₹3,000 Cr by FY28.
Risks
Grid curtailment in Bikaner impacted H1 EBITDA by 5%; high leverage target of 5x Net Debt/EBITDA remains.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Clean Max Enviro Energy Solutions Q2 FY27 Results: Net Profit ₹64.9 Cr, Up 82.3% YoY
Clean Max Enviro Energy Solutions Ltd reported revenue from operations of ₹727.7 Cr (+37.1% YoY) and net profit of ₹64.9 Cr (+82.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹64.9 Cr · +82.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guidance of ≥1.5 GW RE Power Sales in FY27. Tripled contracted capacity to 5.7 GW; targeting 12GW portfolio.
Growth they described
Revenue grew 28%, EBITDA 28%, and PAT surged 340% to ₹856 Mn in FY26. EBITDA CAGR (FY23-26) stands at 32%.
Call details
| Company | Clean Max Enviro Energy Solutions Ltd |
|---|---|
| NSE symbol | CLEANMAX |
| ISIN | INE647U01026 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 2:00 PM IST |
| Length | 1 h 13 min |
| Audio | Our stream on YouTube ↗ |
Clean Max Enviro Energy Solutions Ltd: key numbers
- Share price
- ₹1,251.60
- Market cap
- ₹14,720 Cr
- Revenue (annual)
- ₹1,913 Cr
- Net profit (annual)
- ₹94.13 Cr
- P/E (TTM)
- 82.4×Sector 21.3×
- Promoter holding
- 49.28%-0.14% QoQ
- FII holding
- 13.87%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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