Clean Max Enviro Energy Solutions Ltd
Clean Max Enviro Energy Solutions Reports Q2 FY27 PAT Growth of 82% YoY to ₹65 crore
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 03 Nov 2026, 09:55 PM IST · BSE ID: b9590f4a-4da4-4bfd-b226-20d0b917a33e
View Original BSE Filing (PDF)
💡
In Simple Terms
Clean Max Energy Solutions reported strong financial growth, with profits rising and operational capacity expanding significantly.
🤖 AI Summary
- Q2 FY27 Revenue from Operations grew 37% YoY to ₹728 crore, driven by increased operational portfolio.
- Reported PAT for Q2 FY27 rose 82% YoY to ₹65 crore; H1 FY27 PAT surged over six-fold to ₹120 crore.
- H1 FY27 Adjusted EBITDA increased 56% to ₹1,047 crore, with consolidated EBITDA margins expanding.
- Operational RE Power Sales capacity reached 3,638 MW, an approximate 57% YoY increase.
- CleanMax secured ₹2,500 crore via India’s first green bond issuance for C&I renewable energy sector.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
₹728 Cr
37%
Adj. EBITDA (Q2 FY27)
₹553 Cr
43%
Reported PAT (Q2 FY27)
₹65 Cr
82%
Revenue from Operations (H1 FY27)
₹1,560 Cr
67%
Adj. EBITDA (H1 FY27)
₹1,047 Cr
56%
Reported PAT (H1 FY27)
₹120 Cr
532%
Operational RE Power Sales capacity (September 2026)
3,638 MW
~57%
Total Operational and Contracted Portfolio (September 2026)
7.1 GW
Green Bond Issuance
₹2,500 crore
🏢 How This Affects the Company
CleanMax's operational RE Power Sales capacity increased to 3,638 MW, up approximately 57% YoY, expanding its market presence in the C&I renewable energy sector. The total operational and contracted portfolio reached 7.1 GW, indicating continued business growth.
Profit After Tax (PAT) for H1 FY27 increased more than six-fold to ₹120 crore, while Q2 FY27 PAT grew 82% YoY to ₹65 crore, demonstrating improved profitability. The ₹2,500 crore green bond issuance, with a weighted average cost of debt at 8.33%, provides significant capital for future projects and optimizes cost of capital.
During H1 FY27, CleanMax commissioned 550 MW of RE Power Sales capacity across six states, contributing to increased operational scale. The company anticipates commissioning approximately 450 MW of STU-connected and onsite projects and 534 MW Koppal CTU project in H2 FY27.
The successful issuance of ₹2,500 crore in green bonds at fixed coupons for up to ten years, supported by a CRISIL AA (Stable) credit rating, diversifies funding sources and reduces interest rate volatility risk for a significant portion of its debt.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results disclosure.
👤
Who Is Affected
Shareholders are indirectly affected by the company's financial performance, including the more than six-fold increase in H1 FY27 PAT to ₹120 crore and the successful ₹2,500 crore green bond issuance which enhances funding stability.
🔍
Management Signal
Management's statements confirm focus on scaling operations, execution discipline, and financial prudence, supported by strategic capital raising for future capacity expansion, aiming for over 1.5 GW capacity addition in FY27.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 results — monitor progress on 450 MW STU-connected and onsite projects.
Koppal CTU project commissioning updates — track phases between December 2026 and March 2027.
FY27 capacity addition guidance achievement — verify attainment of minimum 1.5 GW RE Power Sales capacity.
LOW RISK
The filing indicates strong financial performance and strategic capital raising, without immediate new risks.
💡 Investor Takeaway
Clean Max Enviro Energy Solutions reported Q2 FY27 Revenue from Operations at ₹728 crore, up 37% YoY, with Reported PAT increasing 82% YoY to ₹65 crore. H1 FY27 PAT surged over six-fold to ₹120 crore. Operational RE Power Sales capacity reached 3,638 MW, growing approximately 57% YoY. The company also secured ₹2,500 crore via green bonds.
⚖️ Strengths & Concerns
✅ Positives
- H1 FY27 PAT grew over six-fold to ₹120 crore from ₹19 crore in H1 FY26, indicating strong profitability growth.
- CleanMax raised ₹2,500 crore through India's first green bond issuance for C&I renewable energy, optimizing capital cost to 8.33%.
📅 Company Track Record
Clean Max reported significant growth in previous periods, with FY26 PAT surging 340% to INR 856 million (INR 85.6 crore) and operational capacity growing 80% to 3,088 MW. In Q1 FY27, revenue grew 107% to INR 832 crore and contracted RE capacity reached 6 GW. The company had previously approved a ₹25,00,00,00,000 debenture issuance and amalgamation of four subsidiaries in Q1 FY27.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Clean Max Enviro Energy Solutions' Revenue from Operations in Q2 FY27?
Clean Max Enviro Energy Solutions reported Revenue from Operations of ₹728 crore in Q2 FY27, representing a 37% YoY increase.
How much did Clean Max Enviro Energy Solutions' Profit After Tax (PAT) grow in H1 FY27?
Clean Max Enviro Energy Solutions' Profit After Tax (PAT) grew more than six-fold to ₹120 crore in H1 FY27, compared to ₹19 crore in H1 FY26.
What is Clean Max Enviro Energy Solutions' operational RE Power Sales capacity as of September 2026?
As of September 2026, Clean Max Enviro Energy Solutions' operational RE Power Sales capacity reached 3,638 MW, an approximate 57% YoY increase.
What was the value of the green bond issuance by Clean Max Enviro Energy Solutions?
Clean Max Enviro Energy Solutions raised ₹2,500 crore through India’s first green bond issuance in the C&I renewable energy sector.
What was Clean Max Enviro Energy Solutions' Adjusted EBITDA in Q2 FY27?
Adjusted EBITDA for Clean Max Enviro Energy Solutions in Q2 FY27 was ₹553 crore, a 43% YoY increase.
Questions based on this BSE filing only. For information purposes.