Clean Max Enviro Energy Solutions Limited, a leading renewable energy provider in India, has reported a significant increase in its financial performance for the fiscal year 2025-26. The company achieved a remarkable 4.4 times surge in its Profit After Tax (PAT), reaching ₹85.6 crore, compared to ₹19.4 crore in the previous fiscal year. This growth was driven by an expansion in operational capacity and robust demand from various sectors.
The company’s revenue from operations increased by 28% year-on-year, amounting to ₹1,913 crore, up from ₹1,496 crore in FY2024-25. Clean Max also reported a 28% rise in EBITDA, which reached ₹1,295 crore, compared to ₹1,015 crore in the previous year. The company’s renewable energy power sales business demonstrated strong operating leverage and margin expansion, with EBITDA margins improving from 81.9% in FY2024-25 to 83.5% in FY2025-26.
During the fourth quarter of FY2026, Clean Max recorded a revenue of ₹557 crore, marking a 25% increase from ₹446 crore in Q4 FY2025. The EBITDA for the quarter stood at ₹350 crore, reflecting a 14% growth from the previous year’s corresponding quarter. The company’s PAT for Q4 FY2026 was ₹45.4 crore, a substantial 165% increase from ₹17.2 crore in Q4 FY2025.
Clean Max’s contracted renewable energy power sales portfolio reached approximately 5.7 GW as of March 31, 2026, with an operational capacity of around 3.1 GW, an 80% year-on-year growth from the previous year. The company also commissioned about 1.4 GW of renewable energy power sales capacity during FY2025-26.
A notable development was Clean Max’s strategic partnership with Apple, involving an investment of approximately ₹104 crore in a 150 MW renewable energy portfolio aimed at decarbonising India’s commercial and industrial sector. The company also maintained long-term agreements with major data centre operators, enhancing its business visibility with a client base of 588 customers.
Clean Max continues to focus on disciplined execution, achieving new project builds at about 97% of the budgeted cost for FY2025-26. The company has projected an annual commissioning volume exceeding 1.5 GW for FY2026-27.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).