Clean Max Enviro Energy Solutions Ltd — earnings calls

CleanMax reported profit after tax of INR55 crores for Q1 FY27, driven by doubling of revenues, improved EBITDA margins in both business segments, and lower interest costs. Management said EBITDA grew 74% (adjusted) to about INR494 crores, with revenue from operations up 107% to INR832 crores. The company issued new guidance of a minimum EBITDA of INR3,000 crores in FY28 and reaffirmed a target of at least 1.5 gigawatt of new capacity addition in the current fiscal year.

CleanMax reported FY26 EBITDA of Rs 1,295 crore, up 28% from Rs 1,015 crore, with consolidated PAT rising to Rs 86 crore from Rs 19 crore a year earlier. The company added 1,400 MW of new renewable capacity during the year, ending with 5.7 GW of contracted capacity, of which 42% was tied to Data and AI customers. Management discussed rising grid curtailment at its Rajasthan CTU project, the new deviation settlement mechanism, and a second joint venture with Apple involving a 49% equity stake in 150 MW of projects.