Clean Max Enviro
Clean Max Enviro Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
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The short version
CleanMax expects continued strong growth in renewable energy capacity and revenues. CleanMax Enviro Energy Solutions projects a minimum reported EBITDA of about INR 3,000 crore in FY28, nearly 2.3-2.4x growth from FY26 (~INR 1,290 - 1,870 crore).
From Clean Max Enviro's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- CleanMax expects continued strong growth in renewable energy capacity and revenues.
- The company targets adding over 1.5 gigawatt of new operational capacity in the current fiscal year.
- FY28 guidance projects a minimum reported EBITDA of about INR 3,000 crore, nearly 2.3x growth from FY26.
- Trailing 12 months capacity addition increased from 450 MW to about 1,740 MW.
- Revenue from operation grew 107% year-over-year in Q1 FY27, with renewable power sales segment up 47%.
- Data and AI segment, contributing 42% of capacity, grew 10x in last 2 years and expected to remain a strong growth driver.
- Non-Data Center industrial customers doubled over last 2 years, growing at about 46% CAGR.
- Growing pipeline with about 2.5 gigawatt contracted and under execution, plus a robust pipeline above that.
- Tariffs stable or rising, supporting profitability on new contracts.
- Strong repeat business with over 75-80% contracts from existing clients.
Profitability & Margins
See what Clean Max Enviro said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is actively investing in Battery Energy Storage Systems (BESS), with the first BESS investment greenlit at their STU project in Rajasthan.
- They have signed MOUs with three clients in the past month for BESS, indicating customer-backed investments.
- BESS investments are seen as a natural evolution and huge growth opportunity aligned with their renewable portfolio.
- They plan capacity additions of over 1.5 GW in FY27, including about 543 MW from a CTU project at Koppal.
- The company is building CTU capacities at a rate of about 500 MW per year.
- Capital expenditure is focused on renewable power sales and renewable energy services, with recent commissioning of 400 MW and 100 MW respectively in Q1.
- They continuously review and address organizational gaps to support this rapid growth and capacity addition.
- No detailed breakout of fixed assets growth is publicly shared; capacity commissioning is used as a proxy measure for capex.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Clean Max Enviro said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Total contracted capacity as of June 30, 2026, is about 6 gigawatts.
- Of this, 3.5 gigawatts is operational and 2.5 gigawatts is contracted and under execution.
- In the RE services segment, 682 megawatts is operational, with an additional 147 megawatts contracted and under execution.
- Total portfolio (built and under construction) amounts to approximately 6.8 gigawatts.
- The RE services order book currently stands at 147 megawatts contracted yet to be executed.
- Order execution cycle for RE services is within 12 months.
- The company has a strong pipeline with hundreds of ongoing customer discussions supporting future growth beyond the current order book.
- They continue replenishing transmission and evacuation capacities to support expanding contracted volumes.
Clean Max Enviro — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹557 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Clean Max Enviro Energy Solutions Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Clean Max Enviro Q1 FY27 results?
CleanMax expects continued strong growth in renewable energy capacity and revenues. CleanMax Enviro Energy Solutions projects a minimum reported EBITDA of about INR 3,000 crore in FY28, nearly 2.3-2.4x growth from FY26 (~INR 1,290 - 1,870 crore).
What is Clean Max Enviro share price analysis?
Clean Max Enviro currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 94.9 with a market cap of ₹14,882 Cr. Investors should review the full earnings analysis for detailed insights.
Is Clean Max Enviro planning capital expenditure?
The company is actively investing in Battery Energy Storage Systems (BESS), with the first BESS investment greenlit at their STU project in Rajasthan.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.