| Management target | Revenue FY28 |
|---|
| Revenue growth | 107% YoY in Q1 FY27. |
|---|---|
| Margins | EBITDA margins improved to 83.7% for RE Power Sales. |
| Order book | 6.0 GW contracted capacity; 2.5 GW under execution. |
| Demand visibility | Strong; Data & AI customers represent 42% of contracted capacity. |
| Management confidence | High, citing strong contracting run-rate and repeat business (79%). |
Growth
Revenue grew 107% YoY to ₹8,322 Mn; Adjusted EBITDA rose 74% to ₹4,940 Mn.
Outlook
Management guides for >1.5 GW capacity addition in FY27 and ₹3,000 Cr Reported EBITDA by FY28.
Risks
Grid backdowns in Rajasthan CTU project expected for 6-12 months due to transmission upgrades.
Last quarter's promises, checked
Delivered
- Guided FY26 EBITDA ~₹1,254 Cr (1.1x run-rate) → delivered ₹1,295 Cr (= BEAT)
- Guided FY26 new capacity ~1,400 MW → delivered 1,400 MW (= BEAT)
- Guided FY26 PPA Tenor ~23 years → delivered 23.17 years (= BEAT)
Partly delivered
- Guided FY26 cost of financing reduction → delivered 8.5% from 9.2% (= PARTIAL)
Investor Presentation filed with NSE, NSE: CLEANMAX. Summary written with AI assistance from the document.
Clean Max Enviro Energy Solutions Ltd: key numbers
- Share price
- ₹1,393.40
- Market cap
- ₹16,380 Cr
- Revenue (annual)
- ₹1,913 Cr
- Net profit (annual)
- ₹94.13 Cr
- P/E (TTM)
- 104.4×Sector 25.1×
- Promoter holding
- 49.42%-0.06% QoQ
- FII holding
- 11.21%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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