Clean Max Enviro Energy Solutions Ltd
Press release on the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 31 Jul 2026, 08:24 PM IST · BSE ID: 667414ce-94e8-4f75-9622-aa70faecc6cb
View Original BSE Filing (PDF)
💡
In Simple Terms
Clean Max's revenue doubled in the first quarter of fiscal year 2027, driven by increased renewable energy capacity and services.
🤖 AI Summary
- Clean Max Q1 FY27 revenue from operations increased 107% year-on-year to INR 832 crore.
- Adjusted EBITDA for Q1 FY27 grew 74% year-on-year to INR 494 crore, with reported PAT at INR 55 crore.
- Contracted RE Power Sales capacity reached 6 GW as of June 30, 2026, including 3.5 GW operational.
- Company achieved a record quarterly commissioning of over 0.5 GW of operational capacity in Q1 FY27.
- Demand from data center and AI segment accounts for 42% of contracted RE Power Sales capacity.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q1 FY27)
832 INR Cr
107%
Adjusted EBITDA (Q1 FY27)
494 INR Cr
74%
Reported PAT (Q1 FY27)
55 INR Cr
NC
RE Power Sales contracted capacity (as of 30 June 2026)
~6.0 GW
Total contracted capacity (as of 30 June 2026)
6.8 GW
🏢 How This Affects the Company
The company's market position as a renewable energy solutions provider for C&I sector is strengthened by reaching 6 GW in contracted RE Power Sales capacity and achieving a record 0.5 GW commissioning in a single quarter. The data center and AI segment contributes significantly, accounting for 42% of contracted capacity.
Revenue from operations grew 107% YoY to INR 832 crore, and Adjusted EBITDA increased 74% YoY to INR 494 crore. Reported PAT stood at INR 55 crore, a turnaround from a loss in the prior year. The weighted average cost of project debt improved to 8.4% as of June 2026.
Operational capacity increased significantly with 0.5 GW commissioned in Q1 FY27, the highest quarterly commissioning in company history. Consolidation of rooftop solar SPVs is expected to drive operational efficiencies.
The proposed issuance of domestic bonds diversifies capital sources for future capex, aiming to improve funding competitiveness and optimize borrowing costs, potentially mitigating long-term financing risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results disclosure.
👤
Who Is Affected
Existing shareholders benefit from increased financial transparency and robust operational performance metrics, including the growth in operational capacity and contracted portfolio.
🔍
Management Signal
Management intends to consolidate select SPVs for operational efficiency and diversify capital sources through domestic bond issuance to support future capital expenditure.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — check revenue and EBITDA growth.
Updates on domestic bond issuance — monitor terms and utilization.
Progress on FY27 capacity addition guidance of over 1.5 GW.
LOW RISK
Financial results indicate strong growth, with strategic initiatives for capital and operational efficiency.
💡 Investor Takeaway
Clean Max Enviro Energy Solutions reported Q1 FY27 revenue from operations of INR 832 crore, a 107% YoY increase. Adjusted EBITDA grew 74% YoY to INR 494 crore. Contracted RE Power Sales capacity reached 6 GW as of June 30, 2026, with a record 0.5 GW commissioned.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from operations grew 107% YoY to INR 832 crore in Q1 FY27, indicating strong top-line performance.
- Adjusted EBITDA increased 74% YoY to INR 494 crore, supported by an improved RE Power Sales EBITDA margin of 83.7%.
📅 Company Track Record
Clean Max Enviro Energy Solutions Limited's FY26 PAT surged 340% to INR 856 million, and operational capacity grew 80% to 3,088 MW, as disclosed in May 2026 filings. The Board approved a ₹25,00,00,00,000 debenture issuance and amalgamation of four subsidiaries in July 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Clean Max Enviro Energy Solutions' revenue from operations in Q1 FY27?
Clean Max's revenue from operations for Q1 FY27 was INR 832 Cr, a 107% year-on-year increase from INR 402 Cr in Q1 FY26.
What was Clean Max's Adjusted EBITDA in Q1 FY27?
Clean Max reported an Adjusted EBITDA of INR 494 Cr in Q1 FY27, marking a 74% year-on-year growth compared to INR 284 Cr in Q1 FY26.
What is Clean Max's total contracted RE Power Sales capacity as of June 30, 2026?
As of June 30, 2026, Clean Max's RE Power Sales contracted capacity reached approximately 6.0 GW, with 3.5 GW being operational.
What was Clean Max's reported PAT in Q1 FY27?
Clean Max reported a Profit After Tax (PAT) of INR 55 Cr in Q1 FY27, compared to a reported PAT of (INR 17 Cr) in Q1 FY26.
Questions based on this BSE filing only. For information purposes.