ALFA Finder| 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
- ₹1,254.50
- Market cap
- ₹14,770 Cr
- Revenue (annual)
- ₹1,913 Cr
- Net profit (annual)
- ₹94.13 Cr
- P/E (TTM)
- 82.7×Sector 21.7×
- 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.
More from Clean Max Enviro Energy Solutions Ltd
All →Clean Max Enviro Energy Solutions Debt & Borrowing: ₹115 Cr
Clean Max Enviro approved Rs 115 Crore corporate guarantees for three subsidiaries' term loans. The guarantees are arm's length and currently have no impact on the company.
- Value
- ₹115.0 Cr
Clean Max Enviro Energy Solutions Merger & Restructuring Worth ₹2.1 Cr
Clean Max Enviro will incorporate a wholly owned IFSC subsidiary for Global Treasury Centre activities. It will subscribe 21,00,000 shares for ₹2.10 Crore in cash.
- Value
- ₹2.10 Cr
Clean Max Enviro Energy Solutions Earnings Call Transcript: 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.
Clean Max Enviro Energy Solutions Debt & Borrowing: ₹3,000 Cr
Clean Max board approved raising up to ₹3,000 crore via listed debt securities. Tenure, coupon and allotment will be set by delegated committees.
- Value
- ₹3,000 Cr
Clean Max Enviro Energy Solutions Business Update
CleanMax's Q2 FY27 shareholders' letter reports H1 Adjusted EBITDA up 56% to ₹1,047 crore. It also highlights a 13.2 GW platform and capital raising progress.
Clean Max Enviro Energy Solutions Other Announcement
Clean Max filed its quarterly IPO proceeds statement and CARE monitoring agency report for the quarter ended September 2026. No deviation from offer objects was reported.