Clean energy solutions provider Clean Max Enviro Energy Solutions reported a total income of ₹4.66 billion (~$50.45 million) in the third quarter (Q3) of the financial year (FY) 2026, up 13.9% year-over-year (YoY) from ₹4.09 billion (~$44.28 million).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood at ₹3.07 billion (~$33.24 million), increasing 39.6% YoY from ₹2.20 billion (~$23.81 million).

EBITDA margins in the renewable power sales segment improved from 81% to 83%, while margins in the renewable energy services segment increased from 15% to 22%.

The company reported a profit after tax (PAT) of ₹212 million (~$2.29 million), compared to a loss of ₹43 million (~$464,992) in the same quarter last year.

Earnings per share (EPS) rose to ₹2.41 (~$0.0260) from ₹0.25 (~$0.0027) a year ago.

CleanMax reached 3 GW of operational renewable energy capacity and 5.7 GW of contracted capacity as of March 1, 2026.

The company’s contracted but unexecuted renewable capacity stood at around 2.7 GW. Demand from data centers and AI customers accounted for 42% of CleanMax’s contracted portfolio, about 2.4 GW.

9M FY 2026

For the first nine months (9M) of FY 2026, CleanMax reported a total income of ₹14.36 billion (~$155.45 million), up 28.7% YoY from ₹11.15 billion (~$120.70 million)

EBITDA rose 33.3% YoY to ₹9.45 billion (~$102.30 million), compared to ₹7.09 billion (~$76.75 million) in the previous year.

PAT increased to ₹402 million (~$4.35 million) from ₹22 million (~$237,993) in 9M FY 2025, representing a 1,727% increase.

For the nine-month period, diluted EPS increased to ₹3.75 (~$0.0405) from ₹0.59 (~$0.0063).

CleanMax expects to sustain growth momentum, with guidance indicating over 1.5 GW of annual capacity additions in FY2027.

CleanMax recently signed an agreement with TCPL Packaging to supply renewable power for its operations, adding to a growing list of corporate clean energy partnerships the company has secured across sectors. Recent deals include CEAT procuring power from CleanMax’s 59 MW wind-solar hybrid projects for its facilities in Gujarat and Tamil Nadu, BASF India sourcing renewable energy from a 12.21 MW wind-solar hybrid project in Gujarat, and GSK Pharma entering into an arrangement to procure power from a 4.95 MW solar project in Maharashtra.

In February, CleanMax’s ₹31 billion (~$340.92 million) initial public offering (IPO) was subscribed 0.94 times at the end of the bidding window. The IPO saw bids for 20.57 million shares out of the 21.8 million shares on offer.