Clean Max Enviro Energy Solutions Releases Q3 FY26 Earnings Call Transcript
Clean Max Enviro Energy Solutions reported a 40% rise in Q3 FY26 EBITDA to ₹307 crore and 33% growth for nine months. Contracted capacity reached 5.7 GW, with 3 GW operational. The company commissioned 1.3 GW in 11 months and plans 1.5 GW in FY27. Revenue for nine months grew 29% to ₹1355.4 crore, with PAT at ₹40.2 crore.
The announcement details strong financial performance and capacity expansion, which are material to investors. The release of an earnings call transcript provides detailed insights into the company's operations and future outlook, impacting investor decision-making.
The company reported strong year-on-year growth in EBITDA and revenue, along with significant increases in operational and contracted renewable energy capacity. Management expressed confidence in future growth targets, indicating a positive outlook.
Clean Max Enviro Energy Solutions Limited (formerly Clean Max Enviro Energy Solutions Private Limited) has released the transcript of its earnings conference call for the quarter and nine months ended December 31, 2025. The call, hosted by Axis Capital, featured insights from Managing Director Mr. Kuldeep Jain and Chief Financial Officer Mr. Nikunj Ghodawat.
The company reported a 33% year-on-year growth in EBITDA for the nine months ended December 2025, driven by a 26% increase in power sales revenue and improved EBITDA margins from 81% to 83% due to operating leverage. For the quarter, EBITDA increased by 40% compared to the same period last year, rising from ₹220 crore to ₹307 crore.
CleanMax highlighted its leadership in India's C&I renewable energy segment, with 5.7 GW of contracted power purchase agreements. Of this, 3 GW is operational capacity, marking a 76% increase year-on-year. An additional 2.7 GW is contracted and under execution. In the first 11 months of the fiscal year, 1.3 GW of capacity was commissioned, comprising 85% solar and 15% wind. Data and AI sectors constitute 42% of the contracted volume.
The company also announced the operationalization of a majority stake in its partnership with Osaka Gas, which saw an equity investment of ₹176 crore from Osaka Gas for a 49% stake in their joint venture.
Financially, for the nine months ended December 2025, revenue from operations grew 29% year-over-year to ₹13,554 million (₹1355.4 crore), EBITDA increased by 33% to ₹9,448 million (₹944.8 crore), and reported Profit After Tax (PAT) rose to ₹402 million (₹40.2 crore) from ₹22 million (₹2.2 crore) in the prior year.
Looking ahead, CleanMax guided for the commissioning of approximately 1.5 GW of RE power sales capacity in the next fiscal year. Management expressed confidence in meeting this target due to project diversification, land acquisition progress, and demonstrated execution capabilities.
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Clean Max Enviro Energy Solutions Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Clean Max Enviro Energy Solutions Limited. Read the original for the full detail.