| 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.
Earnings Call Transcript filed with NSE, NSE: CLEANMAX. Summary written with AI assistance from the document.
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.
More from Clean Max Enviro Energy Solutions Ltd
All →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 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.
Clean Max Enviro Energy Solutions Results Update
CleanMax reported H1 FY27 PAT of ₹120 crore, up six-fold, with Q2 revenue up 37% to ₹728 crore. The results press release reflects strong renewable capacity growth.
Clean Max Enviro Energy Solutions Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹728 Cr (+37% YoY), adjusted EBITDA ₹553 Cr (+43%), PAT ₹65 Cr (+82%). Operational RE capacity 3,638 MW; contracted 6,270 MW.