Clean Max Reports Q1 FY27 Financial Results, Highlighting 31% Growth in Operational Power Sales Capacity

Clean Max Reports Q1 FY27 Financial Results, Highlighting 31% Growth in Operational Power Sales Capacity​

Clean Max Enviro Energy Solutions Limited has reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company demonstrated robust operational growth, with a significant increase in contracted and commissioned renewable energy capacity across various states, while maintaining strong profitability margins in both RE Power Sales and RE Services segments.

The Board of Directors approved the Q1 FY27 financial results, detailing substantial advancements in the company's asset portfolio and market penetration.

Operational Milestones and Capacity Growth​

Clean Max showcased continued expansion in its renewable energy ecosystem during the quarter. The total contracted capacity stood at 6,003 MW (up from 5,685 MW as of March 31, 2026).

A key operational highlight was the commissioning of new assets, leading to an increase in RE Power Sales Capacity to 3,493 MW. This represents a nearly 31% growth in operational power sales capacity compared to previous periods. In addition to grid-scale projects, the company has expanded its Onsite Solar portfolio, which now comprises 419 MWp of commissioned assets, including both domestic and international installations.

The diversification strategy remains central to Clean Max's operations. The operational footprint spans across six states in India and includes various contracting methods: State Transmission Utility (STU), Central Transmission Utility (CTU), and on-site projects. This diversified approach helps mitigate concentration risk within the market.

Key metrics regarding C&I customers include:

• Customers: 593.00 distinct corporate customers as of June 30, 2026 (up from 538.00 in Q1 FY25).
• Contracts: A total of 1,328.00 PPAs and contracts were registered.
• Repeat Orders: The share of repeat orders in new contracted volumes stood at 79.09%.

Financial Performance Snapshot (Q1 FY27)​

The financial results reflect a healthy growth trajectory across the company's operations. Total income for Q1 FY27 reached ₹8,741.02 million. Revenue from Operations saw significant increase, fueled by both the RE Power Sales and RE Services segments.

The performance metrics for the quarter are detailed in the table below:


Note: Revenue from Operations for RE Power Sales (₹5,283 M) and RE Services (₹3,001 M) sum up to approximately ₹8,284 million.
Adjusted EBITDA was reported at ₹4,940 million.

The company's profitability across segments is highlighted by the following margin results for Q1 FY27:


The financial summary for Q1 FY27 is further detailed below:

Key Financial and Operational Indicators (Q1 FY27)​

The operational efficiency metrics remain strong. The Plant Load Factor (PLF) for Solar Offsite (AC) stood at 25.43%, while the Wind PLF was recorded at 35.42% in the reporting quarter. Grid availability averaged 99.10%.

The company maintains a conservative leverage position, with Debt (net off liquid assets)/Adjusted EBITDA calculated at 4.76 times for Q1 FY27. This indicates an improved cost of borrowing coupled with sustainable leverage practices.

CLEANMAX Stock Price Movement​

Clean Max Enviro Energy Solutions Limited shares rallied on Friday, gaining 2.48% to close at ₹1335.6.The stock saw strong buying interest during the session, with a total of 265,039 shares being traded.