StockWatch
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Power Generation
Quarterly Updates3 Nov 2026, 11:01 pm

Clean Max Q2 FY27: Adj. EBITDA ₹553 Cr, PAT ₹65 Cr

AI Summary

Clean Max Enviro Energy Solutions Ltd has released its Shareholders' Letter for Q2 FY 2027, highlighting strong performance and future growth prospects. In H1 FY27, Adjusted EBITDA grew 56% to ₹1,047 crore, and PAT rose to ₹120 crore from ₹19 crore in H1 FY26. For Q2 FY27, Adjusted EBITDA increased 43% to ₹553 crore from ₹386 crore, and PAT grew 82% to ₹65 crore from ₹36 crore year-on-year. The company reiterated its guidance of a minimum Reported EBITDA of ₹3,000 crore in FY 2027-28. Key growth drivers include a 13.2 GW platform, an enhanced ability to raise capital through equity, joint ventures, and a recent ₹2,500 crore green bond issuance, and a strong ability to contract large volumes with corporate clients under long-term PPAs.

Key Highlights

  • Q2 FY27 Adjusted EBITDA grew 43% to ₹553 crore; PAT up 82% to ₹65 crore.
  • H1 FY27 Adjusted EBITDA grew 56% to ₹1,047 crore; PAT up to ₹120 crore.
  • Total platform capacity reached 13.2 GW as of September 30, 2026.
  • Successfully raised ₹2,500 crore via India's first C&I green bond issuance.
  • Reiterated FY28 Reported EBITDA guidance of minimum ₹3,000 crore.