Clean Max Enviro Energy Share Price Rises 7% Following Strong Q4 Earnings

Clean Max Enviro Energy Solutions Posts Robust Q4 Results

Shares of Clean Max Enviro Energy Solutions ended Wednesday's session on May 13 with a strong gain of 7% at ₹1,309 apiece, as investors reacted positively to the company's March quarter performance. The company delivered robust financial results for both the quarter and the full financial year, driven by continued scale-up in commissioned capacity and renewable energy power sales.

Key Financial Highlights

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The company posted a 25% year-over-year jump in revenues to ₹557 crore in Q4, compared to ₹446 crore posted in the year-ago quarter. EBITDA for the quarter stood at ₹350 crore, registering a 14% increase from ₹306 crore reported in the corresponding quarter last year. On the bottom line, net profit surged 165% year-on-year to ₹45.4 crore, compared to ₹17.2 crore in Q4 FY2025.

Clean Max Enviro Energy Solutions continues to remain one of the fastest-growing renewable energy platforms in India, supported by strong growth and return metrics. Demand from the data and AI segment remained a key growth driver, with the segment now contributing nearly 42% of CleanMax's contracted renewable energy power sales portfolio.

The company stated that the capacity from this high-potential segment has grown by 10x between FY2023-24 and FY2025-26 from 254 MW to 2,380 MW, respectively. During FY2025-26, the company commissioned its first 525 MWp CTU-connected project in Bikaner, Rajasthan, aimed at supplying renewable energy offsets to large technology customers.

Business Milestones

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• The company strengthened its long-term business visibility during FY2025-26, with its customer base increasing to 588 clients.
• Repeat customers accounted for nearly 74% of newly contracted volumes, supported by a weighted average power purchase agreement (PPA) tenure of around 23 years.
• The company guided commissioning volumes of more than 1.5 GW in the ongoing fiscal year.

For FY2025-26, revenue from operations increased 28% year-on-year to ₹1,913 crore, compared to ₹1,496 crore in FY2024-25, while profit after tax (PAT) jumped 4.4 times to ₹85.6 crore from ₹19.4 crore reported in the previous financial year.

Shares rebound over 70% in under two months, with the stock witnessing a sharp turnaround in momentum from the beginning of April. The sustained uptrend has now pushed the stock to trade 25% above its issue price.